DocuSign (DOCU) earnings: a great upside for the stock

Royston Roche | 8:26 pm ET, 05 Dec 2018

DocuSign (DOCU) shares are trading at $40.82, up 0.15%.  The company is announcing its quarterly earnings results on Thursday after the market close. What's driving DocuSign stock price? What's DOCU stock price forecast?

DocuSign provides cloud-based transaction services and e-signature solutions. The company has been adding customers at a compounded annual growth rate of 47% from the fiscal year 2013 to 2018.  Customers include NASDAQ, Bank of America, Verizon, SAP, FedEx, among others.

Investors are showing interest in the company because of the vast addressable market. On the other hand, a few bearish investors worry about its high valuation.  Last quarter’s revenue rose 33% to $167.05 million and earnings per share came at $0.03 compared to -$0.05 for the same period last year.

Third-quarter results for the fiscal year 2019 will be released after market close on December 06, 2018.  Analysts expect the company to earn -$0.02 per share on revenue of $173.55 million. The company beat analysts’ estimates in the previous two quarters.

What is the sentiment towards the DOCU stock? Our technical analysis shows that: 

  • The stock short-term sentiment (next 30 days) is trending negative;
  • The mid-term sentiment (3-6 months) is trending negative;
  • The long-term sentiment (9-12 months) is neutral. 

Over the last month, DocuSign (DOCU) returned -1.23%.

DocuSign (DOCU) forward P/E ratio is 265.73, and it’s high compared to its industry peers’ P/E ratios.

DocuSign (DOCU) short share of float is 9.68%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

DocuSign (DOCU) average analyst price target ($60.57) is 48.38% above its current price ($40.82).

For the latest price and information on DocuSign, please visit Finstead and search for "DOCU price" or "DOCU news".

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Docusign (DOCU) stock: a great growth trajectory

Carla Olson | 10:08 am ET, 05 Sep 2018

DocuSign (DOCU) shares are trading at 64.68, down -0.26%. Now that we're in the earnings season, here are a few things you should know about the company.

DocuSign provides electronic signature technology and digital transaction management for facilitating electronic exchange of contracts and signed documents. The company had a dream stock exchange listing in April this year and has continued to perform higher.

DocuSign's revenue has been growing and losses are narrowing down. For the fiscal year which ended in January revenue rose 39% to $485 million and loss was reduced to $52 million.  The company has demonstrated financial discipline by remaining cash flow positive, allowing IPO proceeds to be used mainly for increasing revenue.

In the first quarter earnings beat estimates, revenue rose 37% year-on-year to $155.8 million. The company has to face competition from Adobe sign and Vasco Data Security International.

DocuSign is expected to earn non-GAAP earnings per share of $0.01 and revenue of $160.07 million in the upcoming quarter. The next quarter results will be released after market close on September 05, 2018.

What is the sentiment towards the DOCU stock? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending positive;
  • The long-term sentiment (9-12 months) is neutral. 

DocuSign (DOCU) forward P/E ratio is 321.39, and it’s high compared to its industry peers’ P/E ratios.

DocuSign (DOCU) short share of float is 6.12%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

DocuSign (DOCU) average analyst price target ($50.14) is -23.18% below its current price ($65.27).

For the latest price and information on DocuSign, please visit Finstead and search for "DOCU price" or "DOCU news".

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


DocuSign (DOCU) Buy or Sell Stock Guide

10:50 pm ET, 13 Nov 2018

The analysis below may be helpful to you if you have any of the following questions about DOCU stock:

  • Is DOCU a buy or a sell?
  • Should I sell or hold DOCU stock today?
  • Is DOCU a good buy / a good investment?
  • What are DOCU analyst opinions, recommendations, ratings?

Here are DOCU stock buy reasons/signals:

1. DOCU stock price ($42.40) is close to the 52-week low ($38.63). Perhaps now is a good time to buy?

2. DOCU quarterly revenue growth was 33.10%, higher than the industry and sector average revenue growth (1.56% and 1.56%, respectively).

3. DOCU average analyst rating is Buy.

4. DOCU average analyst price target ($60.57) is above its current price ($42.40).

Here are DOCU stock sell reasons/signals:

1. DOCU forward P/E ratio is 279.00, and it’s high compared to its industry peers’ P/E ratios.

2. DOCU Price/Book ratio is 8.83, and it’s high compared to its industry peers’ P/B ratios.

3. DOCU Price/Sales ratio is 10.90, and it’s high compared to its industry peers’ P/S ratios.

4. DOCU PEG ratio (P/E adjusted for growth) is 7.78, and it’s high compared to its industry peers’ PEG ratios.

5. DOCU short share of float is 10.37%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

What are your thoughts on DOCU?

If you liked this analysis, check out Buy or Sell Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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