Key TakeawaysThe DocuSign share price may be boosted by an imminent golden cross pattern, a chart signal that often marks the start of a new uptrend.Hertz shares closed below the 50-day moving average, indicating a retest of last year's lows around $820.The Morgan Stanley share price broke below a pennant pattern, but may find support from a trendline connecting the February and July swing highs.Here's our daily look at three charts connected to recent news-driven price moves, with important technical level ...

Shares of DocuSign Inc. DOCU, +9.34% surged 10% late Thursday following a report that private-equity firms Bain Capital and Hellman & Friedman are competing to acquire the provider of online-signature services. The firms are among the final bidders for DocuSign, according to a Reuters report that cited people familiar with the matter. An outcome is expected within weeks. Blackstone Inc. BX, -1.32% held discussions about a possible deal, but is no longer in the running, according to the Reuters report. ...

There are many types of investing styles deployed within the market. Some investors prefer to target income, some prefer value, and some prefer to target growth.Of course, growth stocks can carry a higher level of volatility, an aspect investors should be fully aware of. They staged a notable comeback in 2023, helping to bring positive sentiment back after a forgettable 2022.Three stocks – DocuSign (DOCU) , Stride (LRN) , and Ollie’s Bargain Outlet (OLLI) – are all expected to witness solid top and bottom-l ...

Palo Alto Networks (PANW -0.13%) and DocuSign (DOCU -0.60%) were both popular tech stocks during the buying frenzy in growth plays in 2021. But as that euphoria faded and inflation, rising interest rates, geopolitical conflicts, and other macro headwinds rattled the markets, the two stocks headed in opposite directions.Palo Alto's stock continued rising and hit an all-time high on Dec. 13, 2023. It remains just 10% shy of that level as of this writing. DocuSign's stock closed at its record high on Sept. 3, ...

Vasilii Binzari Back in February of 2023, I started DocuSign (NASDAQ:DOCU) with a “Buy” rating, saying that its push further into the entire lifecycle of the agreement process through its CLM solutions looked promising, while warning that 2023 would likely be a transition year. More recently in October, I wrote that the stock had gotten way too cheap. DOCU has been on a rollercoaster, with the stock down about -4% from my original write-up, up about 40% since my last article. Let’s catch up on the name. ...

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Fool.com contributor Parkev Tatevosian highlights one growth stock that has sold off significantly from its high-water mark. Parkev thinks this growth stock would make an excellent addition to long-term investor portfolios in 2024. *Stock prices used were the afternoon prices of Dec. 20, 2023. The video was published on Dec. 22, 2023. ...

Financial Data and Key Metrics Changes - Total revenue for Q3 reached $700 million, reflecting a 9% year-over-year increase [16][27] - Non-GAAP operating margin improved to 27%, a 400 basis point increase from the previous year [10][51] - Non-GAAP operating income grew 27% year-over-year to $187 million [10][51] - Record free cash flow of $240 million was generated in Q3, significantly up from $36 million in the same quarter last year [10][66] Business Line Data and Key Metrics Changes - Subscription revenue also increased by 9% year-over-year to $682 million [27] - The CLM (Contract Lifecycle Management) business grew double digits year-over-year, indicating strong adoption among enterprise customers [62] - The enterprise segment showed early potential relative to previous quarters, with some customers optimizing their e-signature spend [29][30] Market Data and Key Metrics Changes - International revenue grew approximately 18% year-over-year, reaching $185 million, which represents 26% of total revenue [49] - The international business is expanding at a rate three times faster than the North American business [20] - The number of direct customers increased by 15% year-over-year to 233,000 [50] Company Strategy and Development Direction - The company aims to accelerate innovation in agreement management, improve omnichannel go-to-market efforts, and strengthen financial and operational efficiency [3][46] - Investments are being made to broaden the value proposition beyond e-signature into agreement management [18][25] - The launch of new integrations, such as WhatsApp for e-signature, highlights the company's focus on expanding its market reach [5][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about early signs of business stabilization and improvement in customer metrics [33][60] - The company anticipates continued pressure on dollar net retention in Q4 due to macroeconomic conditions [48][72] - Management is focused on balancing long-term growth investments with operational efficiency [90][91] Other Important Information - The company repurchased 1.8 million shares for approximately $75 million during the quarter [52] - Non-GAAP EPS for Q3 was $0.79, a $0.22 improvement from $0.57 in the previous year [64] - The company ended Q3 with $1.7 billion in cash and cash equivalents, maintaining a strong balance sheet [66] Q&A Session Summary Question: Visibility on dollar net retention and future product investments - Management acknowledged the decline in dollar net retention but noted early signs of stabilization and potential improvements from new product investments [57][72] Question: Context on margin outperformance and investment trajectory - Management highlighted disciplined spending and prioritization of investments as key factors for margin improvement, with a balanced approach to future investments [77][90] Question: Growth trajectory for fiscal '25 - Management indicated that guidance for fiscal '25 will be provided in the next earnings call, emphasizing the importance of Q4 exit rate trends [93] Question: Impact of financial services on growth - Management noted that financial services have been pressured but are seeing modest recovery, with expectations for stabilization in the fourth quarter [112][124] Question: Relationship with Salesforce and competitive positioning - Management expressed satisfaction with the relationship with Salesforce and highlighted the company's competitive advantages in the market [127]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38465 ______________________________________ DO ...

Financial Data and Key Metrics - Q2 total revenue increased 11% YoY to $688 million, with subscription revenue also growing 11% YoY to $669 million [13][54] - Q2 billings rose 10% YoY to $711 million, driven by higher on-time renewals [28] - Q2 non-GAAP operating income reached $170 million, up 51% YoY, with a non-GAAP operating margin of 25%, up 700 basis points from 18% last year [34] - Q2 non-GAAP EPS was $0.72, an improvement of $0.28 from $0.44 last year [35] - Q2 operating cash flow was $211 million, representing a 31% margin and a 75% increase YoY [35] - Free cash flow for Q2 was $184 million, up 74% YoY, representing a 27% margin [36] - The company ended Q2 with $1.5 billion in cash, cash equivalents, and investments [36] Business Line Data and Key Metrics - The company added approximately 37,000 new customers during Q2, bringing the total customer base to 1.44 million, a 12% YoY increase [29] - Direct customers grew by 18% YoY to 226,000, while customers with an annualized contract value exceeding $300,000 increased by 6% YoY to 1,047 [29] - Over 50% of direct customers have adopted five or more features, an increase of nearly 10 points YoY [32] - Dollar net retention (DNR) was 102% for Q2, with expectations of downward pressure in Q3 due to macro pressures [32] Market Data and Key Metrics - International revenue grew 17% YoY to $180 million, representing 26% of total revenue [43] - The company sees significant growth opportunities in international markets, particularly in Germany and Japan, where localized products like CLM have been launched [5][6] - The company opened a new office in Munich, Germany, and launched ID Verification for the EU market, strengthening its position in the region [6] Company Strategy and Industry Competition - The company is focused on AI-driven product innovation, particularly in the agreement analytics and ID verification categories, leveraging Generative AI to enhance its offerings [1] - DocuSign is expanding its product portfolio, including the launch of a wallet feature for ID Verification and advanced reporting capabilities, aiming to reduce friction and improve security [6][63] - The company is investing in international expansion, with a focus on Europe and Asia, and is leveraging its omnichannel approach, including direct sales, digital channels, and partnerships [25][85] - DocuSign is positioning itself as a leader in the agreement workflow category, with a focus on intelligent agreement management and automation [65][83] Management Commentary on Operating Environment and Future Outlook - Management highlighted the impact of macro pressures on expansion rates but remains optimistic about long-term growth opportunities, particularly in international markets [5][6] - The company is cautious about the uncertain macro environment but is focused on executing its product roadmap and driving operational efficiency [54][131] - Management emphasized the importance of product innovation and customer adoption of new features to drive future growth and expansion [46][47] Other Important Information - The company repurchased 583,000 shares for approximately $30 million during Q2 and increased its share repurchase program to $500 million [37][38] - DocuSign expects Q3 revenue to be between $687 million and $691 million, representing 6% to 7% YoY growth, and fiscal 2024 revenue to be between $2.725 billion and $2.737 billion, representing 8% to 9% YoY growth [39][40] - The company expects Q3 billings to be between $668 million and $678 million, representing 1% to 3% YoY growth, and fiscal 2024 billings to be between $2.804 billion and $2.824 billion, representing 5% to 6% YoY growth [40] Q&A Session Summary Question: International Growth Opportunities [4] - Management sees significant potential in international markets, with the TAM outside North America being huge, and expects international revenue to grow as a percentage of total revenue over time [5] - The company is making strategic investments in international markets, including opening a new office in Munich and launching localized products like CLM in Japan [6] Question: Billings Growth and Macro Environment [7] - Management noted that billings growth has stabilized in the low double-digits, with on-time renewals driving outperformance, but expects continued pressure from macro headwinds in the back half of the year [28][32] Question: Impact of Macro on Demand [9] - Management stated that the macro environment has not significantly impacted top-of-funnel demand, with expansion rates being the primary driver of growth [9][10] Question: AI Product Monetization [18] - Management highlighted the potential for AI-driven products like ID Verification and agreement summarization to drive incremental monetization and upsell opportunities [18] Question: Go-to-Market Execution [24] - Management emphasized the importance of direct sales and product-led growth, with a focus on improving customer adoption of features and expanding the partner channel [25] Question: Net Dollar Retention (DNR) [26] - Management expects DNR to trend downward in Q3 due to macro pressures but is focused on product innovation to drive long-term growth and improve retention rates [26][32] Question: Stock-Based Compensation [120] - Stock-based compensation increased YoY due to new leadership hires, with stock-based comp as a percentage of revenue at 22% in Q2 [125] Question: Future Growth and Product Roadmap [98] - Management is focused on delivering a product roadmap that includes AI-driven features like orchestration and enterprise search, which are expected to drive future growth and expansion [98][99]