Jim Cramer on ServiceNow: “It Still Has a High Price-to-Earnings Multiple”

ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer offered insights on. Highlighting its recent stock split, a caller asked if Cramer likes the stock at the current levels. He replied: “Well, the problem is that it is a software company and the software companies are being eaten by the hardware, some would say. It still has a high price-to-earnings multiple. I was surprised the stock gave up so many points on Friday. I thought it would bounce back today, and it really didn’t. I think that at 42 t ...