We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DocuSign (DOCU) Appreciates 23% in Six Months: Here's How
Read MoreHide Full Article
DocuSign, Inc. (DOCU - Free Report) shares have gained 23% in the past six months compared with the 21% rally of the industry it belongs to and the 15% growth of the Zacks S&P 500 composite.
Reasons Behind the Rally
DocuSign registered growth in both earnings and revenues in the fourth quarter of fiscal 2024. Non-GAAP earnings of 76 cents per share increased 17% year over year and total revenues of $712.4 million were up 8% year over year.
The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average earnings surprise of 23.7%.
This strong performance was driven by significant progress across three pillars of the company’s strategic vision: accelerating product innovation, enhancing the reach and effectiveness of omnichannel go-to-market initiatives, and strengthening operational and financial efficiency.
DocuSign is currently experiencing improved performance with customers managed by the direct sales force. The company has significantly increased its business with customers signing and renewing multiyear, multimillion-dollar contracts, including Fortune 500 global leaders in energy, insurance, industrials, consumer goods, and several federal and state government agencies.
In terms of product innovation, identity verification products like AI-enabled IDV Premier and the recently launched QES-compliant Identity Wallet are now in use by more than 1,000 customers in the U.K. The recently launched DocuSign monitor created 1,500 new accounts in the fourth quarter.
Regarding operational and financial efficiency, ongoing cost management initiatives are helping DocuSign streamline its operations and channelize investments on initiatives that promise long-term growth.
Zacks Rank and Stocks to Consider
DocuSign currently carries a Zacks Rank #3 (Hold).
Image: Bigstock
DocuSign (DOCU) Appreciates 23% in Six Months: Here's How
DocuSign, Inc. (DOCU - Free Report) shares have gained 23% in the past six months compared with the 21% rally of the industry it belongs to and the 15% growth of the Zacks S&P 500 composite.
Reasons Behind the Rally
DocuSign registered growth in both earnings and revenues in the fourth quarter of fiscal 2024. Non-GAAP earnings of 76 cents per share increased 17% year over year and total revenues of $712.4 million were up 8% year over year.
The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average earnings surprise of 23.7%.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
This strong performance was driven by significant progress across three pillars of the company’s strategic vision: accelerating product innovation, enhancing the reach and effectiveness of omnichannel go-to-market initiatives, and strengthening operational and financial efficiency.
DocuSign is currently experiencing improved performance with customers managed by the direct sales force. The company has significantly increased its business with customers signing and renewing multiyear, multimillion-dollar contracts, including Fortune 500 global leaders in energy, insurance, industrials, consumer goods, and several federal and state government agencies.
In terms of product innovation, identity verification products like AI-enabled IDV Premier and the recently launched QES-compliant Identity Wallet are now in use by more than 1,000 customers in the U.K. The recently launched DocuSign monitor created 1,500 new accounts in the fourth quarter.
Regarding operational and financial efficiency, ongoing cost management initiatives are helping DocuSign streamline its operations and channelize investments on initiatives that promise long-term growth.
Zacks Rank and Stocks to Consider
DocuSign currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Kyndryl Holdings, Inc. (KD - Free Report) and Sprinklr (CXM - Free Report) .
Kyndryl Holdings, Inc. currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KD has a long-term earnings growth expectation of 5%. It delivered a trailing four-quarter earnings surprise of 29.5%, on average.
Sprinklr carries a Zacks Rank of 2 (Buy) at present. It has a long-term earnings growth expectation of 30%.
CXM delivered a trailing four-quarter earnings surprise of 176.8%, on average.