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Why ServiceNow Stock Jumped 20% Last Month

TheMotleyFool

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Why ServiceNow Stock Jumped 20% Last MonthPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of ServiceNow (NYSE: NOW) were climbing last month after the enterprise cloud computing specialist delivered a strong fourth-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished the month up 20%.

As you can see from the chart below, the stock gained over the course of January and then popped when its fourth-quarter earnings report came out at the end of the month.