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DocuSign, Inc. (DOCU) provides cloud based transaction products and services in the United States.
The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements.
DocuSign’s features include authentication services, user identity management and workflow automation. Signatures processed by DocuSign are comparable to traditional signatures based on the product's compliance with the ESIGN Act.
It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
Shares of have formed a bullish "flag" following the company's latest report and are expected to move higher from this formation.
On September 5th, Docusign (DOCU) reported a 2nd Quarter July 2019 loss of $0.04 per share on revenue of $235.6 million. The consensus earnings estimate was $0.04 per share on revenue of $221.1 million. Revenue grew 41.0% on a year-over-year basis.
The company said it expects third quarter revenue of $237.0 million to $241.0 million. The current consensus revenue estimate is $231.2 million for the quarter ending October 31, 2019. The company also said it now expects fiscal year revenue of $947.0 million to $951.0 million. The company's previous guidance was revenue of $917.0 million to $922.0 million and the current consensus estimate is revenue of $920.8 million for the year ending January 31, 2020.
Entry Point: $66.00
Stop Loss: $62.70
Trading Range: $35.06 to $67.61
Target Price: $72.60
DOCU closed at $72.90
