This Stock Could Double in Less Than One Year

The secret to crushing the market is finding companies that provide products and services that transform lives. Not only will the company thrive, but investors will also see their shares skyrocket.

That’s exactly the case with the little-known tech stock we’re bringing Money Morning Members today…

One of the hottest trends in the tech sector right now is global infrastructure.

And by infrastructure, we mean cloud-based information technology.

That’s data storage, connectivity, applications, and more.

This technology is changing the world, because it allows small companies to compete with the behemoths.

And it lets all companies scale their operations at reasonable costs.

Global sales for this sector are projected to hit $127 billion this year. It’s no wonder Money Morning Defense and Tech Specialist Michael A. Robinson says this is one of the best areas to invest in now.

Best of all, global IT is everywhere, not just in traditional tech companies. All companies need tech platforms to be competitive. Have you done business with a company that does not have a website? How about one that takes orders online?

Of course, a company is not worthy of your investment just because it calls itself a cloud provider. It needs to be proven. It needs a track record. And it needs growth – consistent growth.

And then the stock has to be priced right. The tech stock we have today meets all of these requirements.

By Robinson’s calculations, this stock should double in just under one year’s time…

This Tech Stock Checks All the Boxes
One of Robinson’s favorite stocks is ServiceNow Inc. (Nasdaq: NOW), and he projects earnings per share will grow by an average of 66% over the next three years.

Over the past three years, the firm has had an average of 232% earnings growth. But Robinson wants to be extra conservative, so he slashed that number two-thirds to get a compound growth rate of 77%.

Because of that earnings growth, Robinson predicts this stock could double in the next 11 months.

Management is a key component to a company’s success, and ServiceNow boasts a top-notch CEO. About a year ago, the company enticed John Donahue, former head of eBay Inc. (Nasdaq: EBAY), to join the firm. As CEO of eBay from 2008 until 2015, he doubled sales to $18 billion. Even better, he increased the firm’s market value by 250%.

But ServiceNow is no stranger to strong growth itself. Over the past three years, ServiceNow has grown its sales an average of 41%. By the way, that’s faster than the cloud division at Amazon.com Inc. (Nasdaq: AMZN). Not so bad to beat one of the premier tech giants in the world at its own game.

Thanks to its intense focus on providing the best IT-as-a-service (ITaaS), ServiceNow has racked up an impressive list of clients and partners.

More than 800 members of the Forbes Global 2000 use ServiceNow products. That’s a nice chunk of market share for any company. And that means the sky is the limit with regard to growth.

After all, that is what it is all about. The best earnings growth companies are rewarded by superior price performance by their shares. ServiceNow is right in that sweet spot.

30 years ago, back when this Atlanta hardware store had only 4 locations, a clerk proposed a brilliant solution to the store’s biggest issue... not being able to project future sales and inventory needs. Within two years from that day, the store had opened 100 new locations. But the employee didn’t stop with predicting store demand, he used the same principles and applied it to the stock market. His now-proprietary system is called "The Money Calendar" and he uses it as part of his strategy to bring the best opportunities to average people. Based on 10 years of data, this strategy gives you the chance to circle a date on a calendar and know, with at least 90% certainty, you could cash in on that day. Click here for the full story on this strategy.

Source: Money Morning