$ServiceNow(NOW)$ Okay, this definitely caught my attention.
ServiceNow repurchased more stock in Q1 alone than it did during the entire year of 2025.
Just in Q1:
$2B spent on buybacks
$4.8B still left authorized
That's not typical "maintenance" buyback activity. That's management stepping in aggressively.
And honestly, companies usually don't throw around billions like this unless they genuinely believe the stock is undervalued.
What makes it interesting to me:
Enterprise AI demand still looks strong
Workflow automation adoption keeps growing
Big enterprise customers are still spending
Meanwhile the stock's been volatile and sentiment feels mixed.
But while everyone debates macro headlines... the company itself is quietly buying massive amounts of stock.
That always gets my attention.
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