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Tag: DOCU

  • 2021 Earnings: DocuSign Inc. (DOCU) stock Reaches New Low After Hours on Weak Outlook

    On March 10, DocuSign Inc. (DOCU) reported its financial results for Q4 and fiscal 20212 ended on January 31, along with future outlook. While the company met its Q4 expectations, the weak outlook disappointed investors. Consequently, the stock suffered a harsh blow in the after-hours as it reached a new 52-week low.

    It seems investors were already worried about the upcoming earnings as the stock traded in the red during the regular session. While the volume remained above average, DOCU suffered a loss of 4.25% during the session. At the end of the session, the stock had a value of $93.88 per share as 11.52 million shares traded hands. Following the results, the stock declined by a further 17.16% to reach a value of $77.77 per share in the after hours. Thus, at 4.74 million shares, DOCU reported its new 52-week low in the after-hours session on Thursday. The previous reported 52-week low was $90.90.

    The cloud-based electronic signature solutions provider, DocuSign Inc. has a market capitalization of $19.4 billion. Currently, the company has 197.88 million shares outstanding in the market.

    DOCU’s Q4 Fiscal 2022

    For Q4 fiscal 2022, the company reported a YOY growth of 35% in its total revenue to $580.8 million.

    Moreover, DOCU had a non-GAAP net income per diluted share of $0.48 in the quarter, against $0.37 in the comparable period of last year.

    The gross margin was 77% while the billings were $670.1 million in Q4 fiscal 2022.

    Source: TheStreet

    Fiscal 2022 Highlights

    For fiscal 2022, DOCU reported total revenues of $2.1 billion with a YOY growth of 45%.

    Furthermore, the non-GAAP net income per diluted share was $1.98 in fiscal 2022, against $0.90 in the previous year.

    The reported gross margin was 78% and billings were $2.4 billion for fiscal 2022.

    DOCU’s Future Outlook

    The company expects billings of $573-$583 million and revenue of $579-$583 million for Q1 fiscal 2023. The expected non-GAAP gross margin is between 79% and 81%.

    Additionally, for fiscal 2023, DOCU expects billings of $2,796-$2,726 million and revenue of $2,470 and $2,482 million. The expected non-GAAP gross margin is also 79-81% for fiscal 2023.

    Recent Developments

    On March 07, the company announced the appointment of its first Chief Diversity and Engagement Officer (CDEO), Iesha Berry. Iesha joined the company with vast experience of over two decades in diversity, equity, and inclusion.

  • Top 3 Work-From-Home Stocks in 2021

    Top 3 Work-From-Home Stocks in 2021

    A little over a year ago, people were not even familiar with the term ‘work from home’ and now, because of this worldwide pandemic, almost everyone has worked from home one way or the other. The COVID-19 pandemic proved to be catastrophic for many companies but it also opened up many opportunities for companies as well as investors. With the introduction of work from home, this pandemic has changed the business model of many companies. Many big corporations such as Google and Facebook have even adopted this work from home for long term. This shift towards working online has created demand for digital platforms that are designed to help meet the requirements of working from home. A survey conducted by research and advisory firm Gartner showed that almost 80% company leaders are planning on allowing employees to work from home part time and 47% are planning to allow their employees to work from home full time. In another survey conducted by PwC of 669 CEOs, almost 78% agreed that work from home will be implemented in the long run. Since office based work is substituted by work from home, we’ll be looking at some of the best work from home stocks in 2021. Here are top 3 work from home stocks for 2021:

    Zoom Video Communications, Inc. (ZM)

    Zoom has witnessed an immense increase in its demand amidst this global pandemic. Zoom’s model has helped businesses all over the world because of its remote working model. The company currently carries Zacks rank #3 (Hold). In February 2020, Zoom’s stock was valued at $87.66 and as of yesterday it closed at an astonishing $337.43. This accounts to an increment of almost 285% in little over a year. Every day, almost 200 million people login to Zoom, compared to 10 million users just before the pandemic. In the US, Zoom is the most used conferencing application and has 43% market share. The fundamentals of this company looks promising, and investors should surely keep their eyes on this stock’s movements.

    DocuSign Inc. (DOCU)

    DocuSign is an organization that provides e-signature solutions and allows companies to manage agreements online. DocuSign has benefited many organizations that transferred to work from home amidst the global pandemic. Since many companies have shifted their business model online, this e-signature solution is to benefit them in long term. Organizations such as Oracle and Microsoft have integrated themselves with DocuSign which will further help them grow their customer base. The company carries a Zacks Rank #3 (hold). To date, the company’s shares have soared up to 143% in a year. In March 2020 the stock price was $84.02 and it has increased to $204.31 as of 5th March 2021. According to Zacks Consensus Estimate for fiscal year 2022, the earnings has estimated to be moved up by 28.2% to $1.09 per share over the same time frame.

    Dropbox (DBX)

    Dropbox, a cloud service provider, has become a crucial part of many organizations in this digital age. Dropbox has an estimate of over 600 million users. During the coronavirus pandemic, cloud storage and other online service providers saw a dramatic increase in their usage and demand as consumers shifted towards these platforms. Dropbox witnessed a rise of nearly 25% in daily trials of its premium package. Dropbox has been consistently profitable and for 8 consecutive quarters their earnings per share have risen. Dropbox stock has risen up by 30% to date, as compared to the price before the coronavirus pandemic.

  • Early Morning Vibes: 4 Stocks We Like for Tuesday Trading

    Early Morning Vibes: 4 Stocks We Like for Tuesday Trading

    Major US stock indices fell 1.3-1.5% on the first day of trading in 2021.

    The broad market S&P 500 index fell 1.48% to 3700.65 points, the industrial Dow Jones Industrial Average fell 1.25% to 30223.89 points, and the technological NASDAQ dropped 1.47% 12698.45 points.
     

    Despite the general optimistic sentiment of investors regarding the recovery of the global economy after the coronavirus pandemic, the indices declined.

    At the start of the new year, investors focused on the same issue that has dominated the markets for much of 2020: the coronavirus pandemic. Many expect economic activity to accelerate later this year as communities are vaccinated, and organizations reopened. At the same time, there is an understanding that the path to economic recovery will be long and uneven.

    Recent news on the coronavirus situation paints a bleak picture. In the United States, the number of hospitalizations on Sunday reached a record high. In several countries in Europe, governments are extending quarantine restrictions designed to slow the spread of infection.

    The difficulty in dealing with the pandemic means that many companies will be vulnerable to financial risks in the short term.

    The experts noted growing nervousness over the results of the second round of elections to the U.S. Senate in Georgia. The outcome of the vote will determine whether the Republicans will retain control of the Senate. According to investors in prediction markets, the likelihood of a GOP victory has diminished in the past few days, potentially signaling a tense battle for Senate seats.

    Corporate Highlights

    Coca-Cola shares lost 3.8%. RBC Capital Markets has downgraded their rating from “above sector” to “par with the sector.” The bank’s analysts believe that the pandemic will continue to restrict public events and consumer access to restaurants, negatively affecting demand for Coca-Cola products.

    Airline stocks, which were also seriously affected by the coronavirus, also declined on Monday. In particular, American Airlines shares fell 4.1%, while Delta Air Lines shares fell 3.7%.

    Hotel chain shares were also down, with Hilton Worldwide Holdings down 3.4%, while Marriott International shed 5.4%.

    Tesla, meanwhile, gained 3.4%. The electric vehicle maker said it delivered a record 499,550 vehicles last year, just slightly below its target of 500,000.

    Amid a massive sell-off in shares, gold prices jumped 2.7% to $ 1,944.70 per troy ounce, the most significant percentage gain since April. Precious metal quotes usually receive support when market volatility increases.

    An additional source of joy in the market was the latest data on the manufacturing sector’s state. According to surveys of purchasing managers, factories in Asia and Europe increased their output at the end of the year. In December, there was a substantial rise in activity.

    Today Top Movers

    ‎Jaguar Health Inc (JAGX) share price ascended 30.90% to $2.33 during early morning ‎trading session on Tuesday.‎ ‎

    Zosano Pharma Corp (ZSAN), a Biotechnology company, increased about 78.60% ‎at ‎‎$1.04 in pre-market trading Tuesday after declaring that the company requested a Type A meeting with the U.S. Food and Drug Administration (FDA) to review resubmission plans for Qtrypta new drug application. ‎

    Naked Brand Group Ltd (NAKD) stock surged 14.83% at $0.25 in the pre-market trading today.

    Broadway Fin Cp (BYFC) jumped over 46.88% at $2.82 in pre-market ‎trading on Tuesday after the company and CFBanc Corporation revealed receipt of regulatory approvals for the merger.

    Top Upgrades & Downgrades


    Needham turned bullish on Merit Medical Systems Inc. (MMSI), upgrading the stock to “Buy” and assigning a $65.0 price target, representing potential upside of 18.69% from Monday’s close.
     

    DocuSign Inc. (DOCU) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $300.
     

    Cadence Design Systems Inc. (CDNS) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $155.0. They changed their rating on CDNS to Overweight from Sector Weight in a recently issued research note.
     

    Earlier Sunday Piper Sandler reduced its rating on Fortinet Inc. (FTNT) stock to Neutral from Overweight.
     

    Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Rapid7 Inc. (RPD) has been changed to Neutral from Overweight and the new price target is set at $95.
     

    Analysts at Piper Sandler downgraded Okta Inc. (OKTA)’s stock to Neutral from Overweight on Tuesday.

    Latest Insider Activity

    ReneSola Ltd (SOL) CFO SHAH CAPITAL MANAGEMENT announced the sale of shares taking place on Dec 31 at $11.90 for some 26,000 shares. The total came to more than $0.31 million.
     

    ACM Research Inc. (ACMR) Wang Jian sold on Dec 30 a total 84,386 shares at $78.00 on average. The insider’s sale generated proceeds of almost $2.53 million.
     

    Hall of Fame Resort & Entertainment Company (HOFV) Director Lichter Stuart declared the purchase of shares taking place on Dec 29 at $1.40 for some 10,813,774 shares. The transaction amount was around $15.14 million.
     

    Beyond Air Inc. (XAIR) CEO, Chairman Lisi Steven A. bought on Dec 31 a total 929 shares at $5.28 on average. The purchase cost the insider an estimated $203,280.

    Important Earnings

    Top US earnings releases scheduled for today include Cal-Maine Foods Inc. (NASDAQ:CALM). It will announce its Nov 2020 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $333.49M in the three-month period.

  • 15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    The software Application Industry is a huge market with many profitable opportunities that can be explored. New products, new technological innovations, and a competitive market stimulated the growth of the software industry. Software is ubiquitous. As we enter into a new decade, one thing is clear that the software application industry will continue to rise.

    As we all are well aware that software changes every year, every month, every week, and in many cases every day. The software application industry is expected to grow further in the coming years as the demands of users continuously increasing. The business technology software platform brings together people, data, and applications.

    Here are the top 15 leading companies in the software application industry:

    Slack Technologies Inc. (NYSE: WORK)

    Slack Technologies Inc. (NYSE: WORK) shares were trading up 0.86% at $29.32 at the time of writing on Tuesday. Slack Technologies Inc. (NYSE: WORK) share price went from a low point around $15.10 to briefly over $40.07 in the past 52 weeks, though shares have since pulled back to $29.32. WORK market cap has remained high, hitting $17.61B at the time of writing, giving it a price-to-sales ratio of more than 20.

    Slack Technologies has announced the Q2 fiscal year 2021 results. Slack Technologies has added 8,000 new paid customers to its platform. WORK’s total revenue was $215.9 million, an increase of 49% year-over-year. If we look at the recent analyst rating WORK, Wolfe Research initiated coverage on WORK shares with a Peer Perform rating and a $34.29 price target, which implies room for 4.97% upside momentum this year.

    Uber Technologies Inc. (UBER)

    Uber Technologies Inc. (UBER) last closed at $34.32, in a 52-week range of $13.71 to $41.86. Analysts have a consensus price target of $41.22. UBER Technologies has earlier disclosed that it has partnered with CarTrawler This partnership enables users in the UK to rent cars via the uber app. In the Uber app, there will be an option of ‘Uber Rent’ which allows customers to select the available car for their desired destination.

    UBER Technologies has also taken the main step to provide the best to its customers. UBER announced Tuesday that every vehicle of uber will be electric by 2040. UBER pledged to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.

    DocuSign Inc. (NASDAQ: DOCU)

    DocuSign Inc. (NASDAQ: DOCU) Shares headed falling, lower as much as -4.92%. The most recent rating by Deutsche Bank, on September 04, 2020, is at a Hold. DocuSign Inc. (DOCU) has earlier posted the Q2 fiscal 2021 financial results. It has reported the total revenue of $342.2 million and recorded an increase of 45% y/y. Its subscription revenue was $323.6 million and professional service and other revenue was $18.6 million. It has traded up $45.52 from its 52-weeks low and traded down $290.23 from its 52-weeks high.

    Lyft Inc. (NASDAQ: LYFT)

    Lyft Inc. (NASDAQ: LYFT) rose 3.90% after gaining more than $1.13 on Tuesday. Lyft Inc. (LYFT) has revealed on Tuesday that its trips increase 7.3% in August from July as operations in Canada recovered faster than in the US. But the novel coronavirus pandemic hasn’t stopped there in decreasing the demands. Lyft revealed that it has recorded the 53% drop in its rides in August compared to the year earlier. The company also announced that it expects lower incentive spending in the Q3.

    Cloudera Inc. (NYSE: CLDR)

    Cloudera Inc. (NYSE: CLDR) stock drop by -2.94% to $10.89. The most recent rating by Northland Capital, on June 09, 2020, is at a Market perform. Cloudera Inc. (CLDR) has announced a second-quarter fiscal 2021 financial result. Its total revenue for the Q2 was $214.3 and recorded an increase of 9% as compared to the earlier year. Cloudera Inc. subscription revenue was $191.5 million and its annualized recurring revenue has recorded an increase of 12%.

    Ideanomics Inc. (NASDAQ: IDEX)

    Ideanomics Inc. (NASDAQ: IDEX) fall -6.90% after losing more than -$0.08 on Tuesday. Ideanomics Inc. (NASDAQ: IDEX) has earlier participated in the LD 500 Investor conference on September 3rd. Ideanomica Inc market capitalization has remained high, hitting $265.16 million at the time of writing. It has recorded the 52-weeks low range of $0.28 and a 52-weeks high range of $3.98.

    Nuance Communications Inc. (NASDAQ: NUAN)

    Nuance Communications Inc. (NASDAQ: NUAN) stock drop by -3.89% to $28.93. The most recent rating by CFRA, on August 06, 2020, is at a Sell. Nuance Communications Inc. (NUAN) has announced Tuesday that it has been named as the leader in Opus Research’s Intelligent Authentication And Fraud Prevention Intelliview Report. As per the report, Nuance has the most complete offering across authentication and fraud prevention, proven success supporting multiple factors, IoT applications, and the ability to incorporate new technologies like Deep Neural Networks (DNNs).

    Datadog Inc. (NASDAQ: DDOG)

    Datadog Inc. (NASDAQ: DDOG) Shares headed rising, higher as much as 0.52%. The most recent rating by Needham, on August 07, 2020, is at a Buy. Datadog Inc. (NASDAQ: DDOG) has disclosed earlier that its management will participate in Jefferies Software virtual conference on September 14, 2020. Datadog Inc. (DDOG) market capitalization has remained high hitting, 24.42 billion at the time of writing.

    Medallia Inc. (NYSE: MDLA)

    Medallia Inc. (NYSE: MDLA) last closed at $32.49, in a 52-week range of $16.04 to $40.20. Analysts have a consensus price target of $34.36. Medallia Inc. (MDLA) has announced the Q2 results. It has reported the total revenue of $115.5 million and subscription revenue of $92.8 million. Loss from operations for the quarter was $34.5 million. Net loss for the quarter was $35.2 million, or ($0.25) per share, basic and diluted.

    salesforce.com inc. (NYSE: CRM)

    salesforce.com inc. (NYSE: CRM) stock drop by -5.27% to $241.27. The most recent rating by Wedbush, on August 26, 2020, is at an Outperform. salesforce.com inc. (CRM) the stock has fluctuated between the low of $115.29 and a high of $284.50. This company market capitalization has remained high, hitting $228.44 billion at the time of writing.

    Fastly Inc. (NYSE: FSLY)

    Fastly Inc. (NYSE: FSLY) last closed at $81.08, in a 52-week range of $10.63 to $117.79. Analysts have a consensus price target of $96.90. Fastly Inc. (FSLY) has moved up 662.75% from its 52-weeks low and moved down -31.17% from its 52-weeks high. Its market capitalization has remained high, hitting 8.61 billion.

    BigCommerce Holdings Inc. (NASDAQ: BIGC)

    BigCommerce Holdings Inc. (NASDAQ: BIGC) Shares headed falling, lower as much as -10.88%. The most recent rating by Truist, on August 31, 2020, is at a Hold. BigCommerce Holdings Inc. (BIGC) has a 52-weeks low and high range of  $63.77 and $162.50, respectively. It has traded up 49.50% from its 52-weeks low and traded down -41.33% from its 52-weeks high.

    Riot Blockchain Inc. (NASDAQ: RIOT)

    Riot Blockchain Inc. (NASDAQ: RIOT) last closed at $2.82, in a 52-week range of $0.51 to $4.58. Riot Blockchain Inc. (RIOT) has moved up 451.86% from its 52-weeks low and moved down -38.43% from its 52-weeks high. Its market capitalization has remained high, hitting $135.84 million at the time of writing.

    Digital Turbine Inc. (NASDAQ: APPS)

    Digital Turbine Inc. (NASDAQ: APPS) fall -0.09% after losing more than -$0.02 on Tuesday. Digital Turbine Inc. (APPS) stock has fluctuated between the low of $3.42 and a high of $29.56. It has moved up 574.71% from its 52-weeks low and moved down -20.575 from its 52-weeks high. Its market capitalization has remained high, hitting 2.11 billion.

    StoneCo Ltd. (NASDAQ: STNE) 

    StoneCo Ltd. (NASDAQ: STNE) stock drop by -0.38% to $49.81. The most recent rating by UBS, on August 26, 2020, is at a Neutral. StoneCo Ltd. (STNE) has a 52-weeks low and high range of $17.71 and $55.00, respectively. It has moved up to 181.09% from its 52-weeks low and moved down -9.44% from its 52-weeks low.

  • Should You Consider Holding DocuSign (NASDAQ: DOCU) Right Now?

    Should You Consider Holding DocuSign (NASDAQ: DOCU) Right Now?

    Shares of DocuSign, Inc. (NASDAQ: DOCU), a cloud-based software provider were already moving with the fast speed, having gained 20% on Tuesday. It has entered into the queue of top performers after Zoom Media Communication has disclosed it has recorded the huge gain in its July earning as the revenue topped expectations.

    Companies which are offering technologies enabling remote businesses saw a surge in its earning as the demands of remote work is increasing due to the COVID-19 pandemic. DocuSign is also due to reports its July quarter earnings on Thursday.

    DocuSign Inc. (DOCU) shares went up 20.54% after gaining +45.80 on Tuesday. It has opened at $240.68 and has a closing price of $268.80. DOCU had recorded the trading volume of roughly 20.85 million as compared to the average volume of 5.16 million.

    In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $45.52 and a high of $229.83. It has traded up 490.51% and 16.96% from its 52-weeks low and 52-weeks high. Its market cap remained high, hitting $49.22 billion at the time of writing.

    If we turn our focus at DOCU’s profitability, it has a return on assets (ROA) of -11.40%, return on equity (ROE) is -38.20%, and return on investment (ROI) is -19.60%. The Gross Margin of DocuSign is 74.90%, Profit Margin of -19.90%, and an Operating Margin of -18.30%.  Focusing on DOCU liquidity, it has a current ratio of 1.40. Likewise, its quick ratio is also 1.40.

    DocuSign has earlier disclosed that it has named Kamal Hathi, a former Microsoft and Tech Industry veteran as its new Chief Technology Officer (CTO). The decision has been taken to support the expansion of DocuSign Agreement Cloud. Kamal Hathi will utilize his expertise in the development and completion of the technology roadmap of DocuSign.

    DocuSign is amongst those rare companies that are striving to help people with its platform and changed the way how people work together in the critical areas of life and businesses. Docu is considered to be a leader in the e-signature market.