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Is Now the Time to Buy DocuSign Stock?
The Motley Fool· 2024-02-24 14:35
With over 1.4 million paying customers, DocuSign (DOCU 3.17%) is the largest e-signature company in the world. It's estimated to hold a nearly 68% share of the e-signing market.Even so, its stock is currently well below the 52-week high of $66.98 achieved last March, and down from the more than $60 per share reached in January. The current dip in share price could be a buying opportunity, or a signal to avoid the company. To know which, you have to examine what's going on with DocuSign in more detail.And no ...
DocuSign Stock: A Tale of Two Clouds
The Motley Fool· 2024-02-21 07:59
DocuSign (DOCU -0.48%) holds tremendous potential as a comeback stock. It boomed during the height of the pandemic when entities needed its online solution to execute agreements. Although that need abated after the end of lockdowns, the company proved that e-signatures are here to stay.According to Fortune Business Insights, the online-signature market will enjoy a compound annual growth rate (CAGR) of 35% through 2030, and the document management industry has an expected CAGR of 17% over the same period. T ...
DocuSign Announces Timing of Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call
Prnewswire· 2024-02-15 21:05
SAN FRANCISCO, Feb. 15, 2024 /PRNewswire/ -- DocuSign (Nasdaq: DOCU) today announced that its fourth quarter and full year fiscal 2024 results will be released on Thursday, March 7, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss its financial results. A live webcast of the event will be available on the DocuSign Investor Relations website at investor.docusign.com. A live dial-in will be available do ...
Why DocuSign (DOCU) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-02-13 15:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
DocuSign (DOCU) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-02-12 23:56
DocuSign (DOCU) closed the most recent trading day at $51.57, moving +0.76% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.3%.The provider of electronic signature technology's shares have seen a decrease of 19.47% over the last month, not keeping up with the Business Services sector's gain of 7.93% and the S&P 500's gain of 5.78%.Investors will be eagerly watching for the perform ...
Why Shares of DocuSign Slumped This Week
The Motley Fool· 2024-02-09 20:32
Shares of DocuSign (DOCU 0.12%) dipped more than 10% this week, according to data from S&P Global Market Intelligence. The e-signature leader didn't report earnings, but it did announce more layoffs, and its buyout talks from private equity got stalled. Investors soured on this news, sending the stock way below its reported take-out price.More layoffs, no buyout (yet)DocuSign was one of the pandemic leaders that have recently fallen on hard times. With fewer companies adopting e-signature technology, the co ...
DocuSign: Buy Weakness On Failed Buyout
Seeking Alpha· 2024-02-07 21:42
Bloomberg/Bloomberg via Getty Images After months of speculation, DocuSign, Inc. (NASDAQ:DOCU) surprised the market with plans for a restructuring and a new path as an independent company. The e-signature company was unable to come to terms on a buyout price likely due to the low valuation heading into the deal negotiations. My investment thesis is ultra Bullish on the stock following a likely dip back into the $40s. Source: Finviz No Deal The key narrative to a buyout is understanding that DocuSign came pu ...
Is DocuSign Stock a Buy Now?
The Motley Fool· 2024-02-07 14:02
The e-signature company DocuSign (DOCU -1.96%) has been a hot stock, appreciating over 40% over the past three months. That coincides with a broader tech stock rally, but there could be some underlying fuel to DocuSign's rise.Rumors are swirling of a potential buyout. This could mean that investors are bidding up the stock in anticipation of a deal being struck at a premium to its current valuation.That makes the stock more speculative, and should give investors pause before jumping into Docusign with both ...
DocuSign (DOCU) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-02-06 23:56
DocuSign (DOCU) closed the most recent trading day at $52.17, moving -1.95% from the previous trading session. This change lagged the S&P 500's 0.23% gain on the day. On the other hand, the Dow registered a gain of 0.37%, and the technology-centric Nasdaq increased by 0.07%.The the stock of provider of electronic signature technology has fallen by 4.4% in the past month, lagging the Business Services sector's gain of 5.59% and the S&P 500's gain of 5.3%.The upcoming earnings release of DocuSign will be of g ...
Why DocuSign's Layoffs Are Bad News for the Stock
The Motley Fool· 2024-02-06 20:28
Shares of DocuSign (DOCU -2.66%) fell as much as 7.4% in trading on Tuesday after the company announced a restructuring and layoffs. As of 2:45 p.m. ET shares are down 3%.Layoffs continue in techDocuSign announced a restructuring plan "designed to strengthen and support the Company's financial and operational efficiency" while also delivering growth. The plan includes eliminating about 6% of the workforce, or about 440 jobs. Most of the cuts are expected to be in sales and marketing. As part of the release, ...