JUMP REPORT
| Avg Daily Volume: 980,597 Market Cap: 14.67B Sector: Services Short Interest: 6.62 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .05/share REV: 266.5/M
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LAST QTR: EPS: .03/share ACTUAL: .11/share (BEAT)
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NEXT QTR: EPS: .O8/share REV: 275.7/M
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FULL YR: EPS: .24/share REV: 965.4/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 14.35, -30.13, -7.43
EXPECTED JUMP MOVE: 10%+
Links To Latest News and Headlines
The stay-at-home stocks quickly came back into favor on news of a setback with Johnson & Johnson’s single-dose COVID-19 vaccine.
A setback for a major coronavirus vaccine maker is driving investors to seek shelter in stocks that have held up well during the pandemic.
In this video I’m going to discuss why DocuSign (NASDAQ: DOCU) will continue to see success even after the pandemic is over because let’s face it, e-signature and digital contracts are the future. When most people think DocuSign, they just think about e-signature. Well, the CEO says the signing business is as big as $25 billion, and DocuSign has the largest market share at close to 900,000 customers.
In the latest trading session, DocuSign (DOCU) closed at $212.97, marking a +0.33% move from the previous day.
DocuSign Inc (NASDAQ: DOCU) is an industry-leading brand in the contract lifecycle management and eSignature market, and the market is an underappreciated one, according to BofA Securities. The DocuSign Analyst: Brad Sills reinstated coverage of DocuSign with a Buy rating and $250 price target. The DocuSign Takeaways: “DocuSign screens well in our 4M framework for software investing,” Sills said in a Thursday note. Contracting workflow and eSignatures represent a combined opportunity of $24 billion, the analyst said. DocuSign’s competitive moat stems from a large installed base of over 822,000 customers, a distribution channel of 3,000-plus sales and marketing personnel and its eSignature and agreement software, he said. Sills said he expects DocuSign to “continue benefitting from a strong adoption cycle, stemming from demand for a cloud based solution which reduces contract execution cycles time from weeks to less than a day.” Given the large market DocuSign addresses and its competitive positioning, “we believe a long runway exists for 25%+ revenue growth,” the analyst said. DOCU Price Action: Shares of DocuSign were trading 3.27% higher to $212.44 at the time of publication Thursday. Latest Ratings for DOCU DateFirmActionFromTo Apr 2021B of A SecuritiesReinstatesBuy Mar 2021Daiwa CapitalInitiates Coverage OnBuy Mar 2021Wells FargoMaintainsEqual-Weight View More Analyst Ratings for DOCU View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaWhy Did BofA Upgrade 3 Triple-net Lease REITs?How Waste Management’s Profitability And Competitive Positioning Caught This Analyst’s Eye© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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