How To Buy ServiceNow Stock From India?

ServiceNow (Ticker: NOW) is a California based cloud computing company that provides workflow solutions to automate IT management tasks.

ServiceNow’s $210 million IPO in 2012 was considered to be a huge success for the tech industry after the botched Facebook Inc (FB) IPO in the same year. 

NOW started trading on the NYSE. The share’s value has grown by a mammoth 95% since June 2012 from $24.60 to $514.02 as of 05/04/2021. 

In this story, we’ll help you understand the facts of the NOW stock right from its fundamentals to how you can buy the NOW stock for as low as $1 using Cube Wealth. 

Important: Please consult a wealth coach or financial advisor before investing in any US stock.

The Fundamentals Of ServiceNow Stock (NOW)

1. Stock Name: ServiceNow, Inc. (NOW)

2. Share Price: $514.02*

3. Market Cap: $100.799 Billion

4. Beta: 0.94

5. PE Ratio: 871.22

6. EPS: 0.59

7. 52 Week Low: $255.24

8. 52 Week High: $598.37

Buy US stocks from India starting at $1

Historical Performance Of ServiceNow Stock (NOW)

Fun Fact: ServiceNow names its updates on cities (Aspen, Berlin, Calgary, Dublin, etc). The company used to name its updates on seasons (Winter, Summer, Fall) before 2012.

Benefits Of ServiceNow Stock (NOW)

1. ServiceNow’s Q4 subscription revenue grew 32% year on year to $1.184 billion. 

2. FY2020 subscription revenue jumped to $4.286 billion, 32% more than the previous year.

3. ServiceNow boasted an eye-watering 99% renewal rate during Q4 2020. 

4. ServiceNow ranked #1 on the 2020 edition of the FORTUNE Future 50 list of companies that have strong long term potential. 

5. The company had 1093 customers with an Annual Contract Value (ACV) of more than $1 million. 

6. ServiceNow toppled the likes of IBM, Adobe, and Workday to reach #7 on the list of top 10 cloud companies in the world. You can consult a Cube wealth coach or download the Cube wealth app.

Get Started For Free

Cons Of ServiceNow Stock (NOW)

1. The infamous data leak in February 2021 spooked investors (and users).

2. Stiff competition from big players like Amazon, Microsoft, Google, Salesforce, and more. 

5 important things you need to know before investing in US stocks

How To Invest In ServiceNow Stock (NOW) From India Using Cube Wealth?

The Cube Wealth app is the best platform to buy US stocks from India. Here’s why:

1. The Cube Wealth app is free.
2. You can buy US stocks for as low as $1 (₹73.34).
3. Cube helps you open a US brokerage account with DriveWealth. 
4. The app doesn’t confuse you with complicated graphs & jargon.
5. You can buy US stocks on your own or with advice from RIA, Rick Holbrook.
   

That’s not all. You can invest in over 3400+ US stocks listed on the NYSE, NASDAQ, S&P 500, Dow Jones, Russell 2000, and more with Cube Wealth.  

FAQs 

1. Can I buy ServiceNow stock from India?

Ans. Yes, Indian investors can buy ServiceNow stock by following specific steps to access international stock markets.

2. How do I open an international brokerage account in India?

Ans. To open an international brokerage account, select a brokerage platform that offers access to global stock markets and facilitates investments from India.

3. What documents are required to open an international brokerage account in India?

Ans. You will typically need to provide identification and financial documents to open an international brokerage account in India.

4. How can I fund my international brokerage account from India?

Ans. You can fund your international brokerage account by transferring funds from your Indian bank account to your brokerage account using wire transfers or other accepted methods.

Conclusion 

In conclusion, purchasing ServiceNow stock from India is a viable and accessible option for investors interested in the technology sector. The key steps to buy ServiceNow stock from India include opening a Demat and trading account with an international brokerage that offers access to U.S. stock markets, conducting research on ServiceNow as a company, funding your trading account, placing buy orders, monitoring your investments, diversifying your portfolio, staying informed about market trends, considering a long-term perspective, managing tax implications, and seeking professional advice when needed. While investing in ServiceNow can offer potential opportunities, it's crucial to be aware of currency exchange rates, tax considerations, and regulatory requirements when trading international stocks. Making informed decisions aligned with your financial goals and risk tolerance is essential for a successful investment experience.

‍

‍

Download Cube For Free to invest in US stocks for $1. 

Watch this in-app guide to know how to buy US stocks using Cube

Other Posts You May Like:

‍