74.45 +0.03 (0.04%)
After hours: 4:49PM EST
|Bid||74.00 x 800|
|Ask||74.42 x 800|
|Day's Range||73.72 - 75.19|
|52 Week Range||43.13 - 77.01|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 04, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.85|
Dec.11 -- Dan Springer, Docusign Chief Executive Officer, discusses third-quarter earnings results. He appears on "Bloomberg Technology."
DocuSign shares are surging after beating earnings estimates on the top and bottom line. Yahoo Finance's Dan Howley joins Seana Smith to discuss on The Ticker.
David Alton Clark’s reputation as one of the best stock pickers in the game precedes him. Based on the blogger’s track record, he has rightfully earned this reputation. According to TipRanks, a fintech company that tracks and measures the performance of financial experts, Clark’s stock picks see a return of 25.7%, on average. Not to mention his success rate, the number of profitable recommendations measured over one year, comes in at 70%. So, it makes sense, then, that the five-star blogger scores the second spot on TipRanks’ ranking of the Top 25 Bloggers.Highlighting the current economic landscape, Clark advises against going all in on any position in one fell swoop when making bets for 2020, which also happens to be a US election year. Following 2019’s record-breaking performance, the market continues to tear higher thanks to the Fed’s monetary policy as well as the improving geopolitical climate. Along with sky-high P/E ratios, this sets the scene for underwhelming earnings results, says Clark.With this in mind, we asked the top financial blogger if he would share his stock picks for 2020:1 DocuSign (DOCU)DocuSign is my speculative high-flyer selection. I always suggest an investor allocate at least 5% of their portfolio to a speculative play with the potential for exponential growth. Currently, the stock has a Strong Buy consensus rating with an $84 average price target. (See DocuSign stock analysis on TipRanks)I have used DocuSign for the past few years in my real estate business. It is an invaluable asset for me. The DocuSign product helps organizations connect and automate how they prepare, sign, act on, and manage agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature: the world's 1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, more than 560,000 customers and hundreds of millions of users in over 180 countries use DocuSign to accelerate the process of doing business as well as save time and money. I don’t think I could operate at this point without it.Fundamental AnalysisWhen evaluating a speculative growth stock, the most important piece of the puzzle to me is the growth rate. Currently, DocuSign’s is nearly 40% quarter-over-quarter. Moreover, EPS growth is 17%. The company is not currently profitable, yet they have a clear path to profitability. At this stage in the company’s lifecycle, many investors are unwilling to take the plunge due to the fact the company has an extremely high P/E ratio. When looking at momentum growth plays, I disregard the fundamental “value” statistics. There is more than one way to make money in the market. Growth and value investments are polar opposites. So, a high P/E ratio in this case is a good thing. Sometimes you have to just hold your nose and take the plunge. High risk equals high reward.Technical AnalysisThe stock has just broken out to all-time highs and is up over 40% in just the last six months. Once again, this may keep some on the sidelines due to the fact they believe they have missed the boat. Again, this is the value investor’s way of thinking. When looking at a momentum growth play, I want to see the stock breaking out and reaching new highs. I see this as a huge positive. The stock is trading above both its 50 and 200-day simple moving averages (SMA), which is also very positive.Wrap upAs I said before, layer into the position as any type of negative macro event may provide a better entry point over the course of the year. Nonetheless, I recently added to my position on the latest breakout. I see the stock as a major buyout candidate as well, with a paltry $13 billion valuation. DocuSign saves companies time, money, and saves the trees… You can’t ask for more than that. I am expecting shares to hit $150 over the next 12-18 months if it doesn’t get bought out first.2 Facebook (FB)Facebook is my cash cow solid capital appreciation play. The company is printing money yet hasn’t really gone anywhere in the last year due to potential regulatory issues that I see as overblown. Furthermore, they haven’t even begun to monetize Instagram yet. This fact seems lost on the bears.I have faith in Zuckerberg. Just look at what he has accomplished with the company and stock so far. This is a buy and hold forever stock for me. I am an avid user of Facebook as well. None of the privacy issues or any of the other issues the company has faced has driven me away. It’s where I connect with my family and friends. I don’t see myself leaving the platform. Facebook has a Strong Buy consensus rating on TipRanks, with the highest price target coming in at $300. (See Facebook stock analysis on TipRanks)Fundamental AnalysisFacebook is a cash flow machine. The company currently has a huge cash hoard of over $200 billion. With a forward P/E of 23 and a 30% growth rate, I consider the stock a bargain at current levels. I just recently added to my position as well.Facebook is no longer a growth pure play. The company has proven they know how and when to monetize products. With Instagram monetization in the works and the potential for a crypto currency, I see the fundamentals only improving on a go-forward basis.Technical AnalysisThe current technical for Facebook is very positive. The stock is trading above both its 50 and 200-day moving averages and has recently broken out above its long-term trading range. The good news is there’s still plenty of room to run. Nevertheless, don’t buy your entire position in one shot. That is a sure way to lose money. Always layer in over time, that way you have some dry powder on hand in case an opportunity presents itself.Wrap upFacebook is a money-making machine. Zuckerberg has proven he has the chops to create streams of cash flow out of thin air. I remember when the stock sold off because no one thought he would be able to monetize mobile. He sure proved them wrong. The risk/reward ratio is extremely favorable at this juncture. I see 38% upside over the next 12-18 months with a $300 price target.3 AT&T (T)AT&T is my income/dividend play with modest potential for capital appreciation. I was a consultant for Bell South in the 1990s and audited Time Warner while working with Ernst & Young as well. What’s more, AT&T is a hometown stock for me. I grew up in San Antonio, Texas, the birthplace of modern-day AT&T. I can tell you from my experience with both companies I believe they can and will achieve their goals.AT&T is transforming from being a primarily widow-and-orphan stock to a dividend growth/total return play. Nonetheless, don’t expect any big upward moves from the current level in the near-term. AT&T needs to prove it can make money despite the added debt load and revenues from wireless services waning. According to TipRanks, the stock earns a Moderate Buy consensus rating from the analysts. (See AT&T stock analysis on TipRanks)Fundamental AnalysisRecently, CFO John Stephens stated AT&T expects to meet all of its commitments to shareholders. He reiterated 2020 guidance for earnings of $3.60-3.70 per share, revenue growth of 1-2%, stable EBITDA margins, free cash flow around $28 billion, and dividend payout ratio in the low 50% range. This is a safe dividend/income play and is ideal for those looking for income combined with capital preservation with some capital appreciation potential.The company has plenty of cost cutting to do and shares to buy back. I see a slow and steady rise in the dividend payout and share price overtime. AT&T’s fundamentals are strong with a forward P/E of 10 and a P/FCF ratio of 19.Technical AnalysisAt present, AT&T is at the upper end of its trading range. The stock performed the coveted Golden Cross, where the 50-day SMA passes above the 200-day SMA. Nevertheless, $40 has been the ceiling for the stock over the past few years and seems to be providing strong resistance now as well. Even so, AT&T is just beginning to get its streaming offering online. This new revenue stream may be just what the doctor ordered. If things go well, we could see the stock break out of the current range and climb as high as $50 over the next 12-18 months.Wrap upThe fact of the matter is AT&T has always been at the forefront of most new communications systems. Moreover, the company still owns the last mile in most marketplaces. As a result, AT&T's growth prospects have increased substantially. This selection is the least risky pick of the three. I am looking for a 15% total return based on the 5.5% dividend yield coupled with the potential for moderate capital appreciation over time. I’d say we have the potential for another 10% upside, giving you a nice double-digit return over the next year with very little risk from this dividend aristocrat.To find good ideas for cannabis stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclosure: The author is Long DOCU, FB and T stocks.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Digital contract software maker DocuSign stock gained on 2020's first day of trading, breaking out from a three-weeks-tight chart pattern, a bullish signal for many growth stocks.
DocuSign (NASDAQ: DOCU) today announced that Michael Sheridan, CFO, will be presenting at the 22nd Annual Needham Growth Conference on Wednesday, January 15, 2020 at 8:00 a.m. ET / 5:00 a.m. PT at the Lotte New York Palace Hotel in New York, NY. A live webcast of the event will be available on the DocuSign Investor Relations website at docusign.com/investors.
The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking...
It has definitely been a stellar year for enterprise cloud stocks. Just look at companies like Anaplan (NYSE:PLAN), Okta (NASDAQ:OKTA) and Docusign (NASDAQ:DOCU). They have all posted over 80% returns.Source: Shutterstock But the news has not been as good for old-line enterprise companies, especially those that rely heavily on on-premises solutions. One example is VMware (NYSE:VMW) stock. Consider that the return is a measly 10.6%. * 7 Safe Dividend Stocks for Investors to Buy Right Now Founded in 1998, VMware is the pioneer of virtualization for the x86 architecture, allowing for much better performance from existing machines. But with the secular trend towards the cloud, the business has come under pressure. For the most part, there has been a move away from traditional virtualization to the use of containers that hold apps, configurations and settings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly enough, the origins of this technology go to Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), which needed to find ways to scale their cloud applications. The company's engineers developed a framework, called Kubernetes, that allows for this. About five years ago, Google open sourced this, making the technology a standard.Now while containers and Kubernetes are clear threats to VMW stock, it's important to keep in mind that the company is not sitting back. That is, there has been a big push for M&A, including about $5 billion in recent deals for Pivotal Software (NYSE:PVTL) and Carbon Black.So why these companies? Well, let's take a look: Carbon BlackCarbon Black, which is a cybersecurity company, came public in May 2018 at $19 a share. VMW agreed to buy the company for $26 per share.For the most part, this deal is about expanding the footprint. No doubt, cybersecurity is a top-of-mind priority for companies. The risks keep increasing as new technologies like cloud and mobile penetrate the enterprise. Regarding Carbon Black, its technology is targeted on endpoints, whether physical or virtual where sensitive data is located. The company has also been leveraging next-generation approaches like AI (Artificial Intelligence).With the deal, VMware will launch a new Security Business Unit. And it should represent a nice avenue for growth and cross-selling.Carbon Black has over 5,600 customers and reported a 19% increase in revenues during the latest quarter to $60.9 million. Although, the cloud revenues jumped by 68% to $22.9 million. Pivotal SoftwarePivotal Software is another recent IPO that came out in April 2018. The initial offering price was $15, which is what VMware ultimately agreed to pay for the company.Pivotal Software operates a software platform that helps with the building, deployment and operation of cloud-native and legacy applications. But the company has also been leveraging its technology with Kubernetes. Pivotal Software has launched an alpha version of its Pivotal Application Service (PAS) for this. Then there was a partnership with VMware last year for the Pivotal Container Service, which allows for scaling Kubernetes.True, the growth rate for Pivotal is not too impressive, at 17% during the latest quarter. But like Carbon Black, the cloud business is growing quickly, at 38%. Consider that Pivotal believes its market opportunity is $50 billion. Bottom Line VMW StockWhile VMware's M&A strategy is risky, it's the best way to transition to the cloud. What's more, the dealmaking will likely continue. As seen with other mature tech companies like Adobe (NASDAQ:ADBE) and Microsoft (NASDAQ:MSFT), the transformation process can result in strong gains for shareholders.Oh, and for VMW stock, the valuation is currently at fairly cheap levels, with the price-to-earnings ratio at only about 9x. So for investors looking for an interesting value play, this one fits the bill.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post VMware's M&A Strategy Looks Spot On appeared first on InvestorPlace.
Steelcase (SCS) is likely to have witnessed increase in operating expenses owing to acquisitions and investments in product development, sales and marketing.
DocuSign, Coupa Software and Dexcom are three names on hedge fund manager Jim Roppel's watch list. He explains why he's "exceedingly bullish" now.
(Bloomberg) -- Big tech companies like Facebook Inc. and Alphabet Inc.’s Google, long seen as some of the world’s most desirable workplaces offering countless perks and employee benefits, are losing some of their shine.The Silicon Valley companies dropped out of the Top 10 “best places to work” in the U.S., according to Glassdoor’s annual rankings released Tuesday. HubSpot Inc., a cloud-computing software company, grabbed the No. 1 ranking while tech firms DocuSign Inc. and Ultimate Software were three and eight, respectively.Facebook, which has been rated as the “best place to work” three times in the past 10 years, was ranked 23rd. It’s the social-media company’s lowest position since it first made the list in 2011 as the top-rated workplace. Facebook, based in Menlo Park, California, was ranked seventh last year.Google, voted “best place to work” in 2015 and a Top-10 finisher the previous eight years, came in at No. 11 on Glassdoor’s list. Apple Inc., once a consistent Top-25 finisher, was ranked 84th. Amazon Inc., which has never been known for a positive internal culture, failed to make the list for the 12th straight year.Microsoft Corp. was one of the lone big technology companies to jump in the rankings. The Redmond, Washington-based software company moved to No. 21 from 34 a year ago. A few technology companies made the list for the first time, including SurveyMonkey at No. 33, Dell Technologies Inc. at No. 67 and Slack Technologies Inc. at No. 69.Twenty companies on the list have their headquarters in the San Francisco Bay Area, more than any other metro area, Glassdoor said.The annual list ranks companies using employee reviews on areas such as compensation, benefits, culture and senior management. Many of the big tech companies, including Facebook and Google, have been criticized this year for a myriad of issues, and in some cases employees have publicly opposed executive decisions.At Google, employees have protested against the company on a number of topics, including the company’s “intimidation” tactics against worker organizers. The results of an internal employee poll at the internet search giant, reported by Bloomberg in February, showed that fewer employees were inspired by Chief Executive Officer Sundar Pichai’s vision than a year earlier. It also found fewer workers believe senior management could successfully lead the company into the future.At Facebook, which just like Google provides employees with perks including free meals, corporate transportation and laundry services, workers have pushed back internally against leadership on some policy issues, such as the decision not to fact-check political advertisements.(Updates with new tech entrants in the fifth paragraph.)To contact the reporter on this story: Kurt Wagner in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Facebook Inc. and Alphabet Inc.-owned Google have both dropped out of the top 10 of Glassdoor's annual Employees’ Choice Awards "best places to work" awards, a sharp decline for a pair of Silicon Valley giants that have long been known for their sky-high salaries and cushy employee perks. The No. 1 company on Glassdoor's list, released Wednesday and based on ratings from employees on the career website, is Cambridge, Massachusetts software maker HubSpot. The highest-ranked Bay Area company is DocuSign, Inc., at No. 3.
It was just a couple of months ago that Tines, the cybersecurity automation startup, raised $4.1 million in Series A funding led by Blossom Capital. This additional Series A funding is led by venture capital firm Accel, with participation from Index Ventures and previous backer Blossom Capital. The extra cash will be used to continue developing its cybersecurity automation platform and for further expansion into the U.S. and Europe.
DocuSign stock jumped on Friday after the maker of software that digitizes contract paperwork reported third quarter profit, revenue and billings that topped expectations.
The stock market rally started the week with losses, but erased losses by Friday. DocuSign, Shopify and Progyny broke out on news while RH soared. Google founders left management roles.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
The major stock indexes jumped at the stock market open after a strong jobs report. Tesla accelerated higher after its bull case price target was upped to 500.
DocuSign, Big Lots and Ulta Beauty stock spiked on earnings, Goldman Sachs led the Dow Jones today as the stock market surged on November jobs data.
Dow futures: The stock market rally is acting well going into Friday's jobs report. Tesla, DocuSign, Okta, Zoom and Ulta Beauty led movers late.
The San Francisco provider of e-signature solutions narrowed its third-quarter net loss and beat on adjusted earnings and revenue.
DocuSign (DOCU) delivered earnings and revenue surprises of 266.67% and 3.40%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
DocuSign (NASDAQ: DOCU ) announces its next round of earnings this Thursday, December 5. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Analysts ...