Added to YB: 2026-02-20
Pitch date: 2026-02-18
NOW [bullish]
ServiceNow, Inc.
-0.65%
current return
Author Info
No bio for this author
Company Info
ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
Market Cap
$110.8B
Pitch Price
$108.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
35.75
P/E
63.42
EV/Sales
7.77
Sector
Software
Category
growth
The Orchestration Layer: Why ServiceNow Spent $11.6B to Become CUDA for Workflows
NOW: CEO invested $23M personally, C-suite canceled all sales; stock down 50% from highs at 43x P/E vs 68x avg. Spent $11.6B on Moveworks (orchestration), Veza (identity), Armis (visibility) to build control layer for enterprise AI agents. Now Assist hit $600M ACV, AI Control Tower deals tripled. CMDB + agent governance = CUDA for workflows. FY26 guidance: 19.5-20% subscription growth, 82% gross margin, $4.6B FCF. Trading as commodity SaaS but building infrastructure monopoly for agentic AI.
Read full article (16 min)