67.76 -0.02 (-0.03%)
After hours: 7:46PM EST
|Bid||67.74 x 1400|
|Ask||67.76 x 1300|
|Day's Range||67.08 - 68.47|
|52 Week Range||35.06 - 69.89|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||73.69|
SAN FRANCISCO , Nov. 14, 2019 /PRNewswire/ -- DocuSign (NASDAQ: DOCU) today announced that its third quarter fiscal 2020 results will be released on Thursday, December 5, 2019 after the close of the market. The ...
CAMBRIDGE, Ontario, Nov. 9, 2019 /PRNewswire/ -- In a joint effort to improve real estate transactions, DocuSign (DOCU) and Lone Wolf Technologies ("Lone Wolf") today announced that they will deepen their partnership and enhance the existing integration between DocuSign Rooms for Real Estate and Lone Wolf's zipForm® Plus. This will simplify and accelerate the completion of forms, transactions, and e-signatures for users of both products.
Carvana, DocuSign, InMode and Azul are recent IPO stocks near buy zones, All but DocuSign report this week. Newborn IPO Progyny is also worth watching.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
Investors holding software stocks must demand growth from them. After all, software companies hold nothing physically tangible. They may have important intellectual property, but their value comes from the solutions and services their programs offer.Microsoft (NASDAQ:MSFT) or International Business Machines (NYSE:IBM) are easy choices for investors who do not want to spend too much time understanding the software business. Yet holding IBM blindly is not without risk. The company reported revenue declining 4%.So, investors should consider other software companies that the market does not pay much attention to.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Penny Stocks to Buy Investors should look at software stocks that have strong earnings growth prospects in the next year. If the stock is down from yearly highs or is on a downtrend, that is a bonus for investors looking for discounts. There are seven software stocks that investors should buy for growth. These firms offer unique solutions and therefore have moats. Software Stocks to Buy: DocuSign (DOCU)Source: Shutterstock DocuSign (NASDAQ:DOCU) stumbled in August when the company issued a weak outlook. But when the company reported quarterly earnings on Sept. 5, it easily beat its downward guidance, sending the stock to 52-week highs. The company has a good chance of growing earnings per share by around 1.5 times and by 57% over the next five years. The stock is not cheap, trading at 13 times sales. DOCU has a market capitalization of around $11 billion.DocuSign transforms the foundation of doing business by moving customers from paper-based document signing to electronic signatures. It had 537,000 customers as of July 31. Fiscal year 2019 revenue grew 35% year-over-year and could grow even faster since its total addressable market is $25 billion. The company previously stumbled when it added more features to its core offering. This increased the time needed to close deals. Customers needed to spend more time reviewing the bundled features before deciding to buy the solution.DocuSign's view on the handling of today's paper agreement is that of a digital, connected, self-executing solution. Payment, customer relationship management and enterprise resource planning systems will handle all agreements in the future. With DocuSign unlocking the signing bottleneck, its customers complete deals more efficiently, saving everyone time. The firm has a web and mobile app with hundreds of millions of users. DocuSign is a rapidly-growing software firm with stock worth holding. Okta (OKTA)Source: Sundry Photography / Shutterstock.com Okta (NASDAQ:OKTA) fell briefly below $100 in September. The company has a market cap of $12 billion. Analysts expect its EPS to grow 58% next year and 25% over the next five years. Piper Jaffray describes Okta as being in a class of its own after the company reported a good Q2/2020 earnings report. It lost 5 cents a share, though revenue grew 48.5% to $140.5 million. Okta enjoyed an exceptional quarter, lifted by subscription revenue growth of 51%, billings growth of 42% and remaining performance obligations growth of 68%. It added 450 new customers and now has 7,000.After a 46% growth in customers with an annual contract value above $100,000, Okta now has 1,200 customers in that category. With strong recurring revenue and an acceleration in customer acquisitions, the company may sustain earnings growth above the 25% annual baseline.In the last quarter, the company transitioned its offering from products to a component platform. That investment is paying off. It has a slew of new functionalities and products, such as Okta Advanced Server Access, that customers need. And since these features are still in their early phases, as customers buy more products from Okta, revenue growth will accelerate. * 10 Hot Stocks Staging Huge Reversals If revenue grows faster than markets expect, this is a stock in the software sector that investors should buy for growth. ServiceNow (NOW)Source: Shutterstock For the last few months, ServiceNow (NYSE:NOW) traded in a tight trading range around $245-$270. When the company reports earnings next week, analysts expect the company to earn 88 cents a share on revenue of $885.8 million. Last quarter, ServiceNow reported subscription revenue of $781 million, up 33% year-over-year. The business was so robust that it increased its headcount to 9,382, up from 7,150 a year earlier. The company's results benefited from winning several large deals in the financial services, technology and automotive industry that involved multiple IT products.For full-year 2019, ServiceNow forecasts subscription billings between $3.74 billion and $3.75 billion, up 32% from last year. The most notable figures are its subscription gross margin expectations of 86% and its free cash flow margin of 28%.The company added more than 700 employees in Q2, so expect sales numbers to get a strong push. As the marketing department gets better at promoting ServiceNow and accounts get bigger, investors may confidently raise their long-term expectations.Customers find it easy to build on the ServiceNow platform, which is a clear strength of its business model. And because it is extensible, customers receive quick solutions. The company adds more technology through acquisitions, increasing the value of the platform. With this positive feedback loop, the company could reach a $10 billion revenue level in a few years. Apple (AAPL)Source: View Apart / Shutterstock.com Best known for its iPhones, Apple (NASDAQ:AAPL) stopped reporting unit sales last year. And for good reason. The company wants analysts to hone in on Apple's services. In the third quarter, Apple reported record revenue of $11.5 billion from services, up 13% year-over-year. AppleCare, music, cloud services and its app store search advertising business are all positive contributors to service revenue. Even though music and ad sales is not really "software," it is becoming the biggest source of revenue for Apple.In the short term, investors will scrutinize Apple TV unit sales and subscription growth of its Apple TV+ offering. Yet investors may count on app sales, especially in China, for the next few years. EPS should grow 32.6% this year and 10% over the next five years. Solid sales of the iPhone 11 will lock in existing users to the Apple ecosystem. If Android users switch to an iPhone, that will help grow its services and software sales. AppleCare, Apple Music and cloud services are the three products more customers will willingly pay for. In the last quarter, services accounted for 21% of Apple's revenue and 36% of gross margin dollars. If it keeps growing, expect gross margin to increase due to scale. * 7 Beverage Stocks to Buy Now Credit card companies get to enjoy sky-high valuations but Apple Pay is growing at a healthy pace. It completed 1 billion transactions monthly, doubling the volume from last year. The service benefited from an Apple Pay launch in 17 countries in the June quarter. Adobe (ADBE)Source: r.classen / Shutterstock.com On Oct 16, Citi downgraded Adobe (NASDAQ:ADBE) stock from a "buy" to "neutral." Although the firm trimmed its price target slightly, the stock fell $10 on the day. The analysis is shortsighted: Adobe has virtually no competition and plenty of upside profit margin expansion ahead. Designers and media need Adobe's suite of products and have no other real alternatives. For the next quarter, analysts expect Adobe to report EPS of $1.86. The company beat expectations in the last three consecutive quarters, so expect another beat in the next report.In the last quarter, Adobe reported revenue of $2.8 billion, up 23.7% from last year. The record revenue is proof that its strategy to empower people to create and transform is paying off. Customers need to tell a story through design and creativity. So, they need Creative Cloud and Document Cloud software. Adobe reported net new digital media recurring revenue of $386 million. Total digital media ARR in Q3 topped $7.9 billion. The company has a goal of ensuring that Creative Cloud applications and services cover all its customers' creative needs. Adobe Lightroom and Document Cloud sales should continue its positive sales momentum.Adobe also saw strong growth for its single app offerings. Last quarter, apps like Adobe Premiere Pro for video and Adobe Illustrator contributed positively to the 40% year-over-year growth in international markets. Workday (WDAY)Source: Sundry Photography / Shutterstock.com Workday (NASDAQ:WDAY) plunged by over 12% on Oct. 16 after the company's Rising event ended. Although RBC cut its target price on the stock that day, markets may have grown cautious over its new products. Investors may reasonably expect slow initial sales and are unwilling to value the company at around the $40 billion market cap level. Even though EPS growth will decelerate, falling 21% this year, its EPS should rebound by 31% next year and 28.5% over the next five years.In Q2, Workday said that over 40% of the Fortune 500 companies chose Workday for their core human capital management platform. As it expands globally, expect revenue growth to keep pace with historical rates. In the period, subscription revenue grew 34% to $757 million. Revenue outside of the U.S. rose 35% to $211 million and represented 24% of total revenue.The continued global expansion will offset any potential slowdown in the U.S. market. Workday also said it will recognize the subscription revenue backlog growth of 28%, or $4.8 billion, in the next 24 months.Workday warned that it faces tougher second-half comparable-store sales. Still, FY20 revenue will be near $3.1 billion, up 29% year-over-year. Q3 subscription revenue will grow 26% to between $783 million and $785 million. * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) WDAY stock peaked in July and is on a sustained downtrend. Wait for the selling pressure to ease and consider buying this software stock. Autodesk (ADSK)Source: Casimiro PT / Shutterstock.com With an EPS set to grow 38.8% this year and 63% next year, Autodesk (NASDAQ:ADSK) fell sharply in late July but rebounded slightly after its Q2/2020 report. It earned 65 cents a share as revenue rose 30.3% to $796.8 million. How is this software company driving strong organic growth?Autodesk is growing organic cloud ARR through BIM 360. It is integrating its product and maximizing cross-selling opportunities. In the manufacturing sector, a challenging macro environment did not prevent the software company from growing manufacturing revenue by 20%. This was helped by Fusion 360's integrated functionality and competitive pricing.Autodesk expects total ARR will grow 25%-27% in FY20, to $3.5 billion. And even though ADSK stock is trending lower, billings will grow 49%-51% to $4.1 billion. Next fiscal year, recurring revenue as a percentage of the total will be in the mid 90% range. Although revenue will fall in the second half of FY20, gross margins will rise, due to revenue growth for the year.Strong demand for AutoCAD LT and continued strength across all regions suggests sustainable growth beyond the fiscal year. Macro worries due to the ongoing trade war may hit the manufacturing sector but so far, Autodesk is immune to this risk.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post 7 Software Stocks to Buy for Growth appeared first on InvestorPlace.
SAN FRANCISCO, Oct. 15, 2019 /PRNewswire/ -- As part of its drive to exceed the industry's most rigorous security standards and create the highest levels of customer trust, DocuSign (DOCU) today announced the appointment of former United Airlines CISO Emily Heath to the new role of chief trust and security officer. The move comes as the company continues to expand beyond e-signature with the DocuSign Agreement Cloud—the suite of more than a dozen products and over 350 integrations for digitally transforming how organizations prepare, sign, act on, and manage agreements. "The technology industry has faced some incredible security, trust and cyber risk challenges over the past few years—from increasingly intelligent external threats, to careless consideration for the protection of customer data, to countless other vectors," said Heath.
A month ago, DocuSign reported strong fiscal second-quarter revenue results, but earnings per share of $0.01 came in $0.03 below expectations. The company's customer count ballooned to 537,000, and management guided quarter three as well as full-year revenue higher. Last week, RBC Capital arrived late to the party when it raised its price target on DOCU to $80 after they had the opportunity to meet with the company's CFO as well as the Vice President of Investor Relations.
Four top software stocks on seasoned hedge fund manager Jim Roppel's watchlist include Atlassian stock, Okta stock, ServiceNow stock and DocuSign stock.
DocuSign stock is the IBD Stock Of The Day, a provider of digital contracts and document services that broke out of a long consolidation phase and currently hovers around a buy zone.
Stock futures: Apple led Monday's stock market rally from Friday's sell-off. Microsoft leads five software stocks in or near buy zones as many of the early 2019 winners are heavily damaged.
SAN FRANCISCO, Sept. 23, 2019 /PRNewswire/ -- DocuSign (NASDAQ: DOCU) today announced it will be presenting and demoing live its newly released digital closing solution, DocuSign Rooms for Mortgage, at the 2019 Digital Mortgage Conference this week. Rooms for mortgage is part of DocuSign Rooms, a family of products that provide a secure, digital workspace for complex agreements. With more than 50 million homes in the US having a mortgage, and with the real estate industry employing over a million people, DocuSign purpose-built a solution specifically to address the need for a better closing experience.
FedEx may be grabbing headlines with its disappointing results and even worse conference call, but I'm more focused on Adobe Systems . Given the recent weakness in cloud stocks, the group needed a strong showing from Adobe. Some could argue growing a $1.96 billion quarterly revenue figure by 22% year over year is anything but disappointing, but when Adobe is flashing a current P/E of 51, it can become an issue to see growth slowing.
If you are looking for fresh investing inspiration, look no further. The following three stocks are displaying very strong momentum right now. Year-to-date the returns of these stocks easily surpass the S&P 500’s 19% gain. And what’s more the Street is confident that this momentum is sustainable. That’s reflected in the ‘buy’ consensus for each stock. Here we use TipRanks to find out why best-performing analysts believe these stocks are poised for continued outperformance: Lululemon Athletica inc. (LULU)Vancouver-based specialty retailer Lululemon is buzzing right now. The company is a key pioneer of the popular athleisure look. With over 400 stores to its name, LULU sells technical, high quality, and premium-priced athletic apparel- and most crucially, is set for significant expansion.Shares have exploded 67% year-to-date, with a 10% boost in just the last five days. Indeed, the company has just reported first-rate earnings results for the second quarter. LULU’s 2Q EPS of $0.96 sailed past Street estimates for $0.89. This was largely due to: 1) big same-store-sales (SSS) beat (+17% ex-FX vs Street +12%) and; 2) largely ~in-line gross margins. In a report titled “Warrior 2Q: Best-in-Class Momentum + Investing for the Long-Term Continues”, Credit Suisse analyst Michael Binetti ramped up his price target from $198 all the way to $235 (16% upside potential). “We’re significantly impressed that LULU accelerated SSS (1-yr and 2-yr basis) in an increasingly volatile macro in 2Q” the analyst explained. Similarly high praise comes from Bank of America’s Rafe Jadrosich, who has a buy rating and $230 price target on the stock. That’s up from just $200 previously. “We believe LULU is one of the best sq. footage growth stories in retail with a strong brand, innovative product and significant international expansion opportunity. We expect solid same-store sales growth to support continued operating margin expansion” cheers the analyst, calling LULU an ‘outlier’ in the challenging retail environment.Overall the stock has a Moderate Buy analyst consensus, with some analysts citing an ‘elevated’ valuation as keeping them on the sidelines. Docusign Inc (DOCU)As the name suggests, Docusign helps organizations connect and automate including how they prepare, sign, act on, and manage agreements. On September 5, DOCU returned to its usual beat and raise story- reassuring investors that last quarter’s disappointing billings growth was just a blip on the radar. The company posted robust 2Q headline numbers with billings the clear star of the show accelerating 47% year over year supported by a top line that beat the Street by ~7%. For instance, revenue of $235.61 million swept past the $220 million expected by analysts. “Based on the stellar results last night, our increased confidence in the company's ability to execute, and increased estimates we are upgrading DOCU to Outperform from Neutral and raising our price target to $65 from $48” top Wedbush analyst Daniel Ives told investors. His new price target indicates 16% upside potential from current levels.For Ives a main highlight was DOCU's impressive international business. The company reported 47% y/y growth with particular strength in the UK, Canada and Australia as this segment continues to catch up with its North American counterpart. This is very encouraging says Ives, as international is a major key in DOCU's strategy to maintaining its steep growth trajectory.As a result, the analyst concluded: “Our lingering concerns around the company's ability to navigate success and execution issues, especially internationally, is now a worry in the rear view mirror in our opinion.” Indeed, the stock boasts a Strong Buy Street consensus, with 8 out of 9 analysts rating DOCU a ‘buy’ right now. “eSignature is still a largely untapped opportunity and the competition is falling farther and farther behind” enthuses JMP Securities analyst Patrick Walravens. Meanwhile the average price target of $67 indicates 20% upside potential for the coming months. Match Group Inc (MTCH)If you are looking for love, chances are you have checked out one of Match Group’s offerings. The company is the name behind some of the biggest online dating platforms in the business- from Tinder, to OKCupid to Match.com.Shares have rallied an incredible 90% year-to-date, but analysts remain confident further growth lies ahead. Indeed, SunTrust Robinson analyst Youssef Squali has just moved to the bull camp while hitching his price target from $90 to $106. “Positive intra-quarter app traffic and revenue trends for MTCH's myriad of brands across several geographies show sustained positive momentum QTD [quarter to date], causing us to raise our estimates and upgrade the stock to Buy from Hold” explained the analyst. He is confident that, come Q3, Tinder will once again print one of its best quarterly net adds ever, with further headroom to grow. “Non-Tinder subsidiaries seem to have stabilized with legacy brands -- Match and OkCupid, turning the corner given a bigger marketing push, while newer brands namely Hinge, Pairs, and Harmonica are showing early promise” the analyst added. And keep an eye out for short term catalysts including pending divestiture from the mothership IAC (IAC) and a buyback reload.Encouragingly, the Street remains on side despite Facebook’s (FB) recent expansion into the dating arena. The social media giant has just announced that it is planning to introduce its dating product to 20 geographies, including the US. The product is mostly the same as the one launched at the F8 developer conference in 2018 with the rollout of the “secret crush” feature from F8 2019 and a deeper Instagram integration. “More bark than bite so far” wrote Squali on September 5, adding “while it is a major headline risk for Match Group, the worldwide market leader, we do not see it as posing a material financial risk to the company.” He believes that 1) Match's portfolio approach of brands focusing on specific interest groups, 2) under-penetration of the category in most markets served, and 3) current leadership position, should ensure continued healthy growth with relatively limited FB impact.In total, MTCH shows a Moderate Buy consensus, with 6 buy ratings vs 4 hold ratings. The average price target works out at $95 (16% upside potential). Discover the Street’s best-rated stocks with the Top Analysts’ Stocks tool
DocuSign and Guidewire Software woke with a vengeance Friday and rode better-than-expected earnings reports to massive share gains. DocuSign jumped 21%, while Guidewire surged nearly 15%.
Alissa Coram, Multimedia Content Editor at Investor's Business Daily, joins Yahoo Finance's Jen Rogers and Jared Blikre to break down the price action in these three markets.