DocuSign (DOCU, $228.22) beats fiscal Q1 expectations
DocuSign reported better-than-expected fiscal first quarter results.
The electronic signature solutions company’s first-quarter revenue surged 58% year-over-year to $469.1 million, beating FactSet consensus for $437.6 million.
The company’s adjusted earnings came in at 44 cents a share, compared to FactSet consensus of 28 cents.
Billings rose 54% year-over-year to $527.4 million, surpassing FactSet estimate of $466.7 million.
GAAP gross-profit margin widened 3 percentage points to 78%.
For the fiscal second quarter, DocuSign is expecting revenue in the range of $479 million to $485 million – compared to $474.2 million predicted by analysts polled by FactSet.
For full fiscal year 2022, the company projects revenue in the range of $2.03 billion to $2.04 billion, while FactSet's survey estimates $1.99 billion.
DOCU's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for DOCU turned positive on May 08, 2023. Looking at past instances where DOCU's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 15, 2023. You may want to consider a long position or call options on DOCU as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
DOCU moved above its 50-day moving average on May 26, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DOCU crossed bullishly above the 50-day moving average on May 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOCU advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for DOCU moved out of overbought territory on May 23, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 50-day moving average for DOCU moved below the 200-day moving average on May 04, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOCU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DOCU broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for DOCU entered a downward trend on May 12, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DOCU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (18.349) is normal, around the industry mean (31.306). P/E Ratio (0.000) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (1.340) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (4.470) is also within normal values, averaging (70.523).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DOCU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of cloud-based electronic signature solutions
Industry PackagedSoftware
DOCU and
Correlation & Price change
A.I.dvisor indicates that over the last year, DOCU has been closely correlated with PD. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if DOCU jumps, then PD could also see price increases.
| Ticker / NAME | Correlation To DOCU | 1D Price Change % | ||
|---|---|---|---|---|
| DOCU | 100% | +1.76% | ||
| PD - DOCU | 74% Closely correlated | +1.31% | ||
| ASAN - DOCU | 71% Closely correlated | +4.14% | ||
| HUBS - DOCU | 71% Closely correlated | +2.86% | ||
| ESTC - DOCU | 71% Closely correlated | +4.69% | ||
| CFLT - DOCU | 69% Closely correlated | +7.42% | ||
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