Is ServiceNow Stock a Buy After Shares Sink?
The market has one clear message for software-as-a-service (SaaS) stocks: Accelerate revenue growth or get punished. That's a tough predicament to be in when many of their customers are trying to understand what artificial intelligence (AI) is going to mean for their own businesses and determine what their roadmaps should look like.
The latest victim of the market shooting first and asking questions later with SaaS stocks is (NYSE: NOW). The stock plunged after announcing its Q1 results, and its shares are down around 45% year to date, as of this writing.
For a company that is the backbone of its customers' internal software plumbing, this sell-off looks like a gift -- at least over the long term.
Source Fool.com
