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Docusign Stock Rises 20% in a Month: Should You Hold or Fold?
ZACKS· 2024-11-25 13:15
Stock Performance - DOCU stock price increased by 20.3% over the past month, outperforming the broader industry's 6.7% growth [1] - DOCU shares closed at $83, nearing the 52-week high of $83.68 and trading above the 50-day moving average, indicating strong bullish sentiment [1] Growth Drivers - DOCU's customer base grew from 1.1 million in fiscal 2022 to 1.5 million in fiscal 2024, driven by demand for eSignature solutions [4] - Subscription fees account for 97% of total revenues, providing stable cash flow and market expansion opportunities [5][6] - Subscription revenues increased by 10% in fiscal 2024, driven by existing customer expansion and new customer additions [7] - International revenues grew consistently, representing 23%, 25%, and 26% of total revenues in fiscal 2022, 2023, and 2024, respectively [8] Strategic Partnerships - DOCU deepened relationships with Salesforce and Microsoft, expanding global strategic partnerships and integrating eSignature with Microsoft Teams [9] - These partnerships enable DOCU to access a larger customer base and enhance collaboration solutions [9] Financial Performance - DOCU's trailing 12-month ROE is 53.7%, significantly higher than the industry average of 31.8% [10] - Fiscal 2025 earnings are expected to grow by 15.8%, with sales projected to increase by 6.5% year over year [12] - Fiscal 2026 earnings are expected to grow by 6%, with sales projected to increase by 6% year over year [12] Market Potential - The eSignature market remains largely untapped, providing DOCU with significant growth opportunities globally [4] - DOCU's international expansion efforts focus on Canada, the U.K., and Australia, leveraging similar e-signature approaches to the U.S. [8]
Docusign Unveils "Docusign for Developers" to Accelerate Intelligent Agreement Management at Docusign Discover Event
Prnewswire· 2024-11-20 16:00
World's First Developer Event Focused on Agreements Showcases Next-Generation InnovationSAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Today, Docusign [NASDAQ: DOCU] hosted its inaugural Docusign Discover event, unveiling Docusign for Developers, a powerful suite of tools and resources designed for developers, partners, and entrepreneurs to revolutionize agreement management. This launch makes it possible for businesses to integrate, extend, and scale solutions on the Docusign Intelligent Agreement Management ...
Reasons Why You Should Hold DocuSign Stock in Your Portfolio
ZACKS· 2024-11-15 18:15
DocuSign, Inc. (DOCU) has had an impressive run on the bourses in the year-to-date period. Shares of the company have gained 35.2%, outperforming the 30.7% rally of the industry and the 26% rise of the Zacks S&P 500 composite.DOCU has an impressive Growth Score of B. This style score condenses all the essential metrics from the company’s financial statements to get the true sense of the quality and sustainability of its growth.The company’s earnings for fiscal 2025 and 2026 are expected to improve 15.8% and ...
Docusign Announces Timing of Third Quarter Fiscal 2025 Earnings Conference Call
Prnewswire· 2024-11-14 21:05
SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ -- Docusign (Nasdaq: DOCU) today announced that its third quarter fiscal 2025 results will be released on Thursday, December 5, 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 domestically a ...
DocuSign (DOCU) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-11-13 23:45
In the latest market close, DocuSign (DOCU) reached $81.81, with a -0.8% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.26%.Prior to today's trading, shares of the provider of electronic signature technology had gained 17.75% over the past month. This has outpaced the Computer and Technology sector's gain of 3.61% and the S&P 500's gain of 2.99% in that time.Market participant ...
DocuSign (DOCU) Rises Higher Than Market: Key Facts
ZACKS· 2024-11-07 23:51
In the latest market close, DocuSign (DOCU) reached $76.47, with a +1.27% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.74% for the day.Shares of the provider of electronic signature technology witnessed a gain of 9.04% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.99% and the S&P 500's gain of 3.16%.Investors will be eagerly watching for the performance of DocuSign in its upcoming earnings disc ...
Why DocuSign (DOCU) Dipped More Than Broader Market Today
ZACKS· 2024-10-30 22:51
Company Performance - DocuSign (DOCU) closed at $68.98, down 1.67% from the previous trading session, underperforming the S&P 500, which lost 0.33% [1] - The stock has increased by 14.21% over the past month, outperforming the Computer and Technology sector's gain of 2.83% and the S&P 500's gain of 1.83% [1] Upcoming Earnings - DocuSign is expected to report an EPS of $0.86, reflecting an 8.86% increase from the same quarter last year [2] - Revenue is projected to be $743.38 million, indicating a 6.13% rise from the equivalent quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates forecast earnings of $3.45 per share and revenue of $2.94 billion for the full year, representing year-over-year changes of +15.77% and +6.46%, respectively [3] - Recent changes to analyst estimates may indicate a positive outlook for the company's business and profitability [3] Valuation Metrics - DocuSign is currently trading with a Forward P/E ratio of 20.32, which is lower than the industry average of 31.33 [6] - The PEG ratio for DOCU is 2.18, compared to the industry average PEG ratio of 2.17 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 83, placing it in the top 33% of over 250 industries [7] - Strong industry rankings correlate with better performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Inc. Names Docusign as a 2024 Power Partner Award Winner
Prnewswire· 2024-10-23 18:00
The annual list recognizes the leading U.S. B2B companies that have proven track records of supporting entrepreneurs and helping companies growSAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, just announced its third annual Power Partner Awards. The prestigious list honors B2B organizations across the United States that have proven track records supporting entrepreneurs and helping startups grow. This year' ...
Are You Looking for a Top Momentum Pick? Why DocuSign (DOCU) is a Great Choice
ZACKS· 2024-10-23 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Docusign Shares Surge 28% in 3 Months: Right Moment to Invest?
ZACKS· 2024-10-22 18:20
Docusign, Inc. (DOCU) has seen a notable rise in its stock price, soaring 27.9% in the past three months compared with the broader industry’s 7.3% growth.As of the last trading session, DOCU’s stock closed at $71.78, close to its 52-week high of $73.8. Additionally, it is trading above its 50-day moving average, suggesting a bullish sentiment among investors.Image Source: Zacks Investment ResearchGiven the continued strength in DOCU shares, investors might be tempted to buy the stock. But is it still a good ...