Cloud Stocks: ServiceNow Firing On All Cylinders But One: Startup ISVs

I agree with the management’s view that it is well on its way “to becoming a $10 billion revenue company on the strength of incredible organic innovation”. I think ServiceNow can accelerate that vision by paying attention to startup ISVs. Their PaaS strategy is currently entirely directed towards large system integrators and enterprises and is missing out on the strong ecosystem benefits that accompany an ISV-focused PaaS offering. Read more on my view about PaaS here: Cloud Stocks: Which SaaS Players Will Win in PaaS.

Its stock is currently trading at $587.91 with a market capitalization of $114.7 billion. It hit a 52-week high of $592.54 earlier this month and a 52-week low of $238.93 in March last year.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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