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DocuSign, Inc. (DOCU) provides cloud based software in the United States.
The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements.
The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
Docusign reported Quarter January 2020 earnings of $0.10 per share on revenue of $274.9 million. The consensus earnings estimate was $0.04 per share on revenue of $267.4 million. Revenue grew 37.6% on a year-over-year basis.
The company said it expects Q1 revenue of $280.0 million to $284.0 million and fiscal 2021 revenue of $1.272 billion to $1.276 billion. The current consensus estimate is revenue of $273.7 million for the quarter ending April 30, 2020 and revenue of $1.21 billion for the year ending January 31, 2021.
The e-signature service should bring added revenue while businesses are working from home.
Entry point: $84.00
52-week trade range: $43.13 - $92.55
Stop/Loss: $79.80
Target price: $92.40
DOCU closed at $91.00
