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published in Blogs
Dec 04, 2020

DocuSign (DOCU, $245.18) beats fiscal Q1 earnings expectations

E-signature company DocuSign  reported its fiscal third quarter earnings that surpassed analysts’ expectations.

The company’s quarterly earnings came in at   22 cents a share, beating the Street estimate of 13 cents a share.

Revenue surged +53% year-over-year to $382.9 million, also exceeding analysts’ expectations of $361.2 million.

The earnings results were followed by upgrades from several analysts.

Citi analyst Walter Pritchard hiked his price target on DocuSign shares to $282 from $257, while maintaining  his buy rating on the shares citing "higher growth for longer" potential amid the COVID-19 pandemic’s role in propelling businesses to digital signing permanently.

Needham analyst Scott Berg, who initiated coverage of DocuSign in mid-November with a buy rating and a $240 price target, lifted his one-year target to $275.

Wedbush Securities analyst Dan Ives called DocuSign’s results “stellar” .

JMP Securities analyst Patrick Walravens boosted his price target on DocuSign shares to $276 from $261, while keeping an outperform rating on the stock, citing "long-term capital appreciation" potential as well as strong potential in its international business.

 

Related Ticker: DOCU

DOCU's RSI Indicator ascends from oversold territory

The RSI Indicator for DOCU moved out of oversold territory on February 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 36 similar instances when the indicator left oversold territory. In of the 36 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 23, 2024. You may want to consider a long position or call options on DOCU as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DOCU just turned positive on February 27, 2024. Looking at past instances where DOCU's MACD turned positive, the stock continued to rise in of 51 cases 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 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

DOCU moved below its 50-day moving average on February 05, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DOCU crossed bearishly below the 50-day moving average on February 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 February 29, 2024. 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 March 01, 2024. 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)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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 (11.534) is normal, around the industry mean (28.823). P/E Ratio (218.320) is within average values for comparable stocks, (145.493). Projected Growth (PEG Ratio) (1.127) is also within normal values, averaging (2.869). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (4.165) is also within normal values, averaging (74.821).

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 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 88, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.37B. The market cap for tickers in the group ranges from 291 to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 3%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 0%. MTC experienced the highest price growth at 142%, while IFBD experienced the biggest fall at -97%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 41%. For the same stocks of the Industry, the average monthly volume growth was 58% and the average quarterly volume growth was 88%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 57
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
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DOCUDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of cloud-based electronic signature solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
221 Main Street
Phone
+1 415 489-4940
Employees
7336
Web
https://www.docusign.com
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DOCU and

Correlation & Price change

A.I.dvisor indicates that over the last year, DOCU has been loosely correlated with COIN. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if DOCU jumps, then COIN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DOCU
1D Price
Change %
DOCU100%
+2.46%
COIN - DOCU
62%
Loosely correlated
+1.09%
CLSK - DOCU
61%
Loosely correlated
+6.82%
RIOT - DOCU
56%
Loosely correlated
+2.27%
COMP - DOCU
53%
Loosely correlated
-2.53%
PATH - DOCU
48%
Loosely correlated
-0.51%
More
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