53.62 0.00 (0.00%)
After hours: 4:36PM EDT
|Bid||53.58 x 900|
|Ask||53.61 x 800|
|Day's Range||53.32 - 54.09|
|52 Week Range||35.06 - 68.35|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||61.60|
When the market capitalization of Microsoft Corporation (NASDAQ: MSFT) topped the $1 trillion mark, investors barely noticed. And why should they? MSFT stock is up about 33.5% in 2019, beating Alphabet's (NASDAQ: GOOGL) 5% 2019 return but just ahead of Apple's (NASDAQ: AAPL) 28% jump. Still, Microsoft has strong revenue momentum as it grows its cloud software and enterprise business and prepares to implement a video- console refresh in 2020. MSFT's Notable AchievementsSource: Shutterstock Microsoft's LinkedIn unit grew its job listings from 300,000 five years ago to 20 million in May 2019. The strong activity justifies the over $26 billion that MSFT paid for the website in 2017. But the professional social network's value to the owners of MSFT stock goes beyond numbers. As a data asset, it gives Microsoft valuable connections and a venue for advertising its own business software. Additionally, MSFT can use its own relationships with companies to sell LinkedIn's products, boosting Microsoft's sales and MSFT stock in the process. And as MSFT adds AI to LinkedIn's sales tools, demand for them will accelerate further. * 7 Restaurant Stocks to Put on Your Plate In the video-game console space, Microsoft announced a refresh to its Xbox. Known as "Project Scarlett," the new console will have 8K video, support up to 120 frames per second, have a faster NAND-based storage drive, and will use AMD's (NASDAQ: AMD) chips. Instead of selling the new consoles at today's price range of $399 - $499, Microsoft may lower the price. Since the games played on the console will be streamed, it requires less storage and memory. As a result, the consoles will be less costly to build. The console's lower prices may drive unit sales higher, allowing Microsoft to enjoy higher profits from game sales and providing another positive catalyst for MSFT stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Continued Growth Ahead for MicrosoftThe deep integration between Azure, MSFT's cloud business; Microsoft 365, its Office and Windows enterprise subscription business; and Dynamics, its other business software apps, brings many advantages. Customers may now perform deep learning through Power BI, which is part of Office 365. Native communications can also be utilized through Office 365. Dynamics 365 offers artificial intelligence. On other companies' platforms, customers may suffer from fragmented solutions. This increases costs due to lower efficiency and productivity. Digital TransformationCustomers may consider DocuSign, Inc. (NASDAQ: DOCU) or Dropbox, Inc. (NASDAQ: DBX) for fulfilling their various digital-transformation needs. But MSFT has decades of experience and offers custom solutions for its big customers.At its Business Apps Summit, Microsoft introduced its integrated tools for digital transformation. Among those tools are the Dynamics 365 Virtual Agent, new AI capabilities that were added to Power BI, and general improvements to both Power BI and PowerApps.PowerApps is a great opportunity for MSFT and MSFT stock. The company can easily get many more developers to enhance PowerApps. As more enterprise applications are developed on the platform, revenue from this segment will grow considerably, providing another positive catalyst for MSFT stock. Valuation23 analysts have an average price target of $144 on Microsoft stock, per Tipranks. That's a conservative target, as it's just 6.6% above the current price of MSFT stock. But on the other hand, the valuation of MSFT stock is on the high end, as its price-earnings ratio is about 30\. And a 5-year EBITDA Exit model suggests a similar fair value for Microsoft stock of around $142. The Bottom Line on MSFT StockMicrosoft stock has been on an uptrend throughout 2019. Except for elevated valuation risks, there's no reason for Microsoft stock to fall. Those looking for a solid technology stock should consider buying Microsoft. The stock will be especially attractive if it happens to dip to $120 - $125.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks The post Microsoft Stock Is Still Compelling After Recent Rally appeared first on InvestorPlace.
Though they may not be the most exciting businesses around, an investment in these three stocks can bring big rewards to the patient investor.
It’s tough to win love on Wall Street, let alone among your employees. But these Bay Area CEOs managed to gain a high approval rating on Glassdoor’s 2019 Top CEOs Employees’ Choice list.
SAN FRANCISCO, June 18, 2019 /PRNewswire/ -- DocuSign announced today that Trâm Phi has joined as its new general counsel to build, lead and oversee legal affairs and risk management for the company. Phi brings more than 20 years of corporate legal and general counsel experience—including leading two technology IPOs—to her new role. The appointment is the latest move by DocuSign to cement its executive leadership structure as it continues on its path to becoming a $1 billion company this fiscal year*.
While Wall Street analysts have one set of expectations, the market has its own: whisper numbers. Unfortunately, the results did not live up to the whisper numbers circulating among traders. Additionally, DocuSign doesn't have much earnings history to judge whether guidance is conservative or aggressive.
SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- As part of its drive to create a significant and sustained impact on the world's environment, DocuSign (DOCU) today announced a new commitment to The Wilderness Society, the leading American conservation organization working to protect the nation's wildlands. The news was announced on stage as part of the DocuSign for Forests keynote at its annual Momentum conference—alongside Jamie Williams, president of The Wilderness Society, and Dave Matthews, environmentalist, member of The Wilderness Society's Governing Council, and Grammy Award-winning singer-songwriter.
SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- With a broad lineup of world-class speakers, a host of innovation announcements, and a strong vision for the future of agreements, DocuSign (DOCU) today kicked off its annual Momentum conference for more than 1500 customers, developers, and partners in San Francisco. This year's event centers around the DocuSign Agreement Cloud—the recently announced suite of more than a dozen products and over 350 integrations for digitally transforming how organizations prepare, sign, act on, and manage agreements. Today, the company enhanced the DocuSign Agreement Cloud with several new products and features via its latest quarterly update, the DocuSign Summer '19 Release.
Clearly, Zoom is seeing runaway momentum for its videoconferencing and collaboration software, as both large sales investments and the viral nature of Zoom's offerings drive stronger adoption at major enterprises. Revenue and EPS beat expectations, but billings of $215 million (up 27%) slightly missed a consensus of $216 million. In addition, while DocuSign raised its full-year revenue guidance by $7 million, it reiterated billings guidance of $1.01 billion to $1.03 billion (consensus was at $1.22 billion), while stating on its earnings call that it's seeing longer sales cycles for enterprise deals in which it's up-selling existing buyers of its core e-signature software on value-added offerings.
DocuSign, Inc . (NASDAQ: DOCU ) shares were down Friday following disappointing guidance and tepid billings, but KeyBanc remained Overweight on the stock calling the results a “slight hiccup.” The Analyst ...
Shares of Docusign (NASDAQ:DOCU) are down 12.2% in Friday trading, but were lower by as much 20% in after-hours trading. Why the beatdown? The company disappointed investors with its first-quarter results, sending Docusign stock into a tailspin.Source: Shutterstock Is this the buying opportunity investors have been waiting for or a warning sign that more losses could be on the way?The headline results looked pretty good, but there's clearly something in the report spooking investors -- especially on a day where U.S. stocks are flying higher after the release of the May jobs report. Not only is the action disappointing while the Nasdaq rallies 1.7%, but as other companies like Beyond Meat (NASDAQ:BYND) and Zoom Video (NASDAQ:ZM) surge more than 20% on their earnings reports.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's look at the quarter. Docusign Stock EarningsNon-GAAP earnings of 7 cents per share came in three cents per share ahead of expectations, according to Zacks. However, a GAAP loss of 27 cents per share missed estimates by 3 cents. Revenue of about $214 million grew 37.3% year-over-year (YoY) and beat estimates by $5.8 million. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% For the most part, the headline results check out.The midpoint of the second-quarter guidance range calling for $218 million to $222 million in revenue hits consensus expectations of about $220 million. However, full-year guidance topped estimates. Management expects sales between $917 million and $922 million vs. analysts' estimates of $913.6 million. Further, operating cash flow tripled YoY to $45.7 million, while free cash flow grew near 250% YoY to $30.4 million.So where's the issue?To be honest, I don't see much of one. Subscriptions grew 36% YoY, down one percentage point sequentially, while gross margins also slipped 100 basis points YoY. Billings growth slowed too, but slowing growth rates are to be expected. It's not like DOCU stock completely whiffed on these numbers.This looks like nitpicking to me and down a few percentage points would seem reasonable if investors opted to sell. Down 15%-plus though? That seems like overkill for what is a pretty clean quarter overall. In-line Q2 guidance and better-than-expected full-year guidance should have given some type of buoy to the stock price. Especially with support about 5.5% to 9% below its pre-earnings close.This is the type of action I would expect from a stock that came into the print red hot and then disappointed. That certainly isn't the case here, with Docusign stock down almost 8% from its 2018 high and ~20% from its 52-week high coming into the quarter. Trading DOCU StockA really reasonable selloff to this type of quarter would have landed Docusign stock near $50. That would have kept it above range support in this $50 to $52 area, as well as the 200-day moving average. Instead, DOCU stock gapped below this area and even broke below the 61.8% retracement for its one-year range.At the end of the day, though, we can't fight the tape. We have to respect price, trading and investing on what the market gives us. In this case, it's giving investors a potential long-term buying opportunity on this dip. The question is, how long will it last and how low will it go?On the upside, I want to see DOCU stock reclaim the 61.8% retracement. If it can, it puts the 200-day moving average and that $50 to $52 support level back on the table. It will be important to see how Docusign stock acts in this situation. Does it find this area to now be resistance? That would be a bearish development and likely mean it needs more time before being considered a healthy long. The quicker it can reclaim these levels, the better.If it can't reclaim either the 61.8% or the 200-day, then see how it holds up to lower prices. Specifically, I want to see if this $44 to $45 area supports Docusign stock. This was a notable area during the fourth-quarter selloff. If it can't support DOCU, then perhaps the $38's are on the table.The bottom line: Watch $47.78 on the upside and $45 on the downside.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Docusign Stock Takes a Bath on Earnings. Now What? appeared first on InvestorPlace.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Shares of digital signature software provider DocuSign plunge after reporting adjusted fiscal first-quarter earnings that beat analysts' forecasts, but lackluster billings growth and forward revenue and ...
DocuSign Inc. exceeded expectations with its headline results on Thursday, but its stock appears poised to succumb to this week’s software curse.
DocuSign shares are getting slammed following the company’s earnings report for the fiscal first quarter ended April 30, for reasons that aren’t entirely clear.
Stock futures rose ahead of the jobs report as the stock market rally ramps up on Mexico tariff delay hopes. Hot new IPOs Beyond Meat, Zoom Video and PagerDuty rallied after earnings.
Investing.com - Stocks in focus in premarket trading on Friday: • Beyond Meat (NASDAQ:BYND) stock surged 24.6% by 8:15 AM ET (12:15 GMT) after the plant-based meat alternative company’s first earnings report since going public was better than expected. Sales are expected to double this year, the company added. • Zoom Video Communications (NASDAQ:ZM) stock soared 14.8% as it reported first-quarter sales that doubled over the last year to $122 million. • DocuSign (NASDAQ:DOCU) stock lost 14.6% after its billings grew at a lower rate than in previous quarters, even as its first-quarter results beat estimates on the top and bottom lines. • Barnes and Noble (NYSE:BKS) stock jumped 10.2% on reports that activist firm Elliott Management is acquiring the bookseller for $683 million, including debt. • Boeing (NYSE:BA) stock was unmoved, despite news that Qatar Airways is the latest company to seek compensation for the grounding of Boeing’s 737 Max airplanes. Three of Italian airline Air Italy's jets are grounded. Qatar Airways is a major shareholder in Air Italy. • Caesars Entertainment (NASDAQ:CZR) stock was up 5.9%.
DocuSign shares are sinking today, despite the fact that it reported fiscal first quarter earnings that beat expectations. DocuSign posted a 36% jump in subscription revenue a year ago. Yahoo Finance's Dan Howley joins Seana Smith.