However, the biggest challenges he’s noticed regarding his customers so far have been in the travel and hospitality industries, which have been decimated by the pandemic.
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Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding.
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Springer told CNBC that although DocuSign’s tools enable people to continue working without needing to meet clients and colleagues in person, he believes the company isn’t immune to the economic slowdown caused by the outbreak. DocuSign market cap history and chart from 2018 to 2022. Last month, the company’s stock hit an all-time high at $93.83, at a time when most other stocks have plunged to new lows. The company is one of several technology firms that seem to be benefiting from the COVID-19 pandemic. “We have almost 600,000 customers, from the smallest businesses up to the largest Fortune companies, and we’ve seen across that there is more demand for volumes,” Springer said.ĭocuSign, which sells tools that enable people to electronically sign documents, has done its part to aid users during the pandemic, offering its services at a discount via the National Association of Realtors’ Right Tools, Right Now program. 1 day ago &0183 &32 Stocks To Buy And Watch: Albemarle, Eli Lilly, Northrop, Ulta, Vertex. Indeed, Springer said the company has actually seen an increase in use among their existing clients securing electronic signatures to keep transactions on track. 1 day ago &0183 &32 Shares of DocuSign sank Friday after the electronic signature solutions company cut its fiscal-year guidance. “Real estate is an interesting because while a lot of people are concerned there is going to be a slowdown, we haven’t yet seen that at DocuSign,” Springer told CNBC. On the contrary, DocuSign CEO Dan Springer says his company hasn’t seen any decline in real estate activity on the company’s platform, despite the COVID-19 pandemic forcing all but essential workers to stay at home. 3 Remote Work Stocks to Buy as Some Companies Delay Return to Work Plans DocuSign (NASDAQ:DOCU - Get Rating) last posted its quarterly earnings results on Thursday, March 10th. DocuSign has a twelve month low of 64.84 and a twelve month high of 314.76. This move outpaced the S&P 500s daily gain of 1.86. The firm has a market cap of 16.75 billion, a PE ratio of -239.37 and a beta of 1.05. "Given management's limited visibility, a sales restructuring that will take several quarters to complete, and a lack of near-term catalysts, we believe DocuSign's stock will remain range-bound over the next few quarters," he added.Real estate agents might not be able to meet face to face with clients and show them around homes in-person any more, but that doesn’t mean that home buying activity has been completely curtailed. DocuSign (DOCU) closed at 78.27 in the latest trading session, marking a +1.98 move from the prior day. Default Black Grids Blue & White Black Globe Graph Paper Blue. "While customers are not churning off the platform, DocuSign is seeing many customers decrease platform consumption from pandemic peaks as their contracts come up for renewal," Roberge said, adding that the company plans to scale back hiring targets for the year in order to focus on profitability. William Blair's Jake Roberge downgraded DocuSign to market perform, citing the company's weaker-than-expected billings guidance for fiscal 2023.ĭocuSign projected 7% to 8% year-over-year billings growth for the year, "well short of DocuSign's prior guidance midpoint that called for 15% growth," Roberge said. Several firms, including Evercore ISI, Bank of America and William Blair downgraded the stock following the earnings report. Additionally, the company said Thursday it has experienced challenges due to the deteriorating macroeconomic environment, particularly the war in Ukraine. 'The demise of Docusigns growth story continues as the WFH poster child faces new and ongoing complications. Shortly after the bell rang to end Thursday’s trading session, they released their Q1 earnings report which was. Just when you might have been starting to think the low was in for shares of e-signature tool DocuSign ( NASDAQ: DOCU ), they go and do something silly.
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#Market watch docusign software
The software company missed first-quarter estimates and once again lowered its billings guidance. 2 days ago &0183 &32 DocuSign (NASDAQ: DOCU) Collapses Back To Square One. DocuSign's business got a major lift in the early months of the coronavirus pandemic with the increase in online transactions, but it has been slowing in recent quarters as it faces tough comparisons to exceptional growth in 2020 and early 2021. Docusign stock plunged 26 on Friday after the company reported mixed first-quarter results.