Research Feed
ServiceNow (NOW) — SaaS AI Survival V-Score: 4.30
ServiceNow is the enterprise workflow orchestration platform. $13.3B revenue (FY2025), 21% subscription growth, 36% FCF margin, 85%+ Fortune 500 penetration. The platform is the system of record for how work gets done across IT, HR, customer service, security, legal, and facilities — cross-functiona
SaaS Panic, Not SaaS Apocalypse: Three Names Trading at Dislocation
Anthropic released an AI legal tool on Feb 3, triggering a $285B software sector rout. Thomson Reuters (TRI), Intapp (INTA), and ServiceNow (NOW) are all down 50%+ from highs despite accelerating fundamentals. This is a sector-level doorway state: either AI kills SaaS economics (market thesis) or ve
The Software Selloff: Why AI Agent Panic Is ServiceNow's Catalyst
Feb 3, 2026: Software stocks sold off violently as AI agent displacement fears repriced the entire sector. RELX -14%, Thomson Reuters -16%, ServiceNow -7% in a single session. Bloomberg documented the rout — $285B wiped from software, financial services, and asset management stocks. The trigger: Ant
ServiceNow Q4 2025: AI Governance Layer Validates Application Winner Thesis at 50% Discount
ServiceNow delivered another beat-and-raise quarter (sub revenue +21%, CRPO +25%, OpM 31%, FY25 FCF $4.6B +34% YoY), yet trades at $117—down 50% from highs, RSI 25, forward P/E 23.6x. The market is pricing "AI kills SaaS" while operating data shows the opposite. 1. Now Assist monetization velocity