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Why ServiceNow Stock Jumped 59% Last Year

TheMotleyFool

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Why ServiceNow Stock Jumped 59% Last YearPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Shares of ServiceNow (NYSE: NOW) were winners last year as the enterprise cloud-computing specialist rose 59%, according to data from S&P Global Market Intelligence.

As the chart below shows, the gains came largely from two strong earnings reports during the first half of the year; in the second half, the stock's growth cooled off along with a broader pullback in SaaS (software-as-a-service) stocks.