DOCU DocuSign Options Ahead of EarningsIf you haven`t bought DOCU before the previous earnings:
Now analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2024-9-6,
for a premium of approximately $2.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DOCUD trade ideas
DOCU Death CrossThe death cross appears on a chart when a stock’s short-term moving average, usually the 50-day, crosses below its long-term moving average, usually the 200-day.
The rise of the 50-day moving average above the 200-day moving average is known as a golden cross and can signal the exhaustion of downward market momentum.
This is a bearish signal, possible entry to get short.
$DOCU 60 -70 - 80 AFTER EARNINGS ? NASDAQ:DOCU
60 -70 - 80 AFTER EARNINGS ?
6 REASONS !!
Strong Quarterly Earnings: DocuSign has shown strong financial performance in the recent past, with its stock price rising after reporting strong earnings. This indicates a positive market response to its financial performance, which could lead to a higher stock price in the future.
Increased Price Targets by Analysts: Analysts have increased their price targets for DocuSign, with some predicting a potential rise to $65.
These optimistic forecasts suggest that the market and analysts have confidence in the company's future growth and performance.
Positive Market Sentiment: The market's response to DocuSign's earnings reports has generally been positive, with the stock price rising after strong earnings reports. This suggests that if DocuSign continues to report strong earnings, the market could respond positively, potentially pushing the stock price towards $65.
High Growth Potential: Analysts predict that DocuSign's earnings and revenue will grow significantly over the next 3 years. This high growth potential could attract investors and drive up the stock price.
Market Leadership: DocuSign is a market leader in the e-signature and contract management space. Its strong market position and broad scope of agreement workflows could contribute to its continued growth and success, potentially leading to a higher stock price.
Positive Industry Outlook: The e-signature and contract management industry is expected to continue growing, driven by the increasing need for digital solutions to streamline agreement processes. As a leader in this space, DocuSign is well-positioned to benefit from this industry growth.
DOCU, gettin ready for multi weekly Price GROWTH!DOCU is registering massive net positive volume this past few days /weeks -- with numbers surging exponentially +40% from 6.55M to 9.17M. Buyers are now taking positions of the company's future growth prospect -- buoyed by the last "GREEN" earning calls (EPS beat expectation by almost +29% from 0.56 to 0.72).
On monthly data, higher lows was spotted pricewise -- conveying an upside reversal is in order in the next few months. A significant ascend from the current level is expected.
A bubble up volume (bottom indicator) -- has made its 4th appearance for this year with the latest one this month, -- first one since February 2023. A definite sign of things to come -- a good one.
Spotted at 54.0
TAYOR
Safeguard capital always:
FUNDAMENTAL / FINANCIAL REFERENCE:
----------------------------------------------------
Financials
Quarterly financials
APR 2023
(USD) Apr 2023 Y/Y
Revenue 661.39M 12.35%
Net income 539K 101.97%
Diluted EPS 0 100%
Net profit margin 0.08% 101.72%
Operating income 24.55M 227.69%
Net change in cash 221.55M 70.5%
Cash on hand - -
Cost of revenue 135.38M 2.86%
Disclaimer
Earnings calls
Apr 2023
EPS (USD)
Expected
0.56
Reported
0.72
Surprise
28.73%
Revenue (USD)
Expected
641.66M
Reported
661.39M
Surprise
3.07%
--------
DocuSign Shares Rally on Strong Revenue and Billings
By Eric J. SavitzFollow
Updated June 8, 2023 6:35 pm ET / Original June 8, 2023 4:51 pm ET
DocuSign’s quarterly revenue was up 12% from a year earlier.
Courtesy of DocuSign
DocuSign shares were sharply higher in after-hours trading Thursday, after the e-signatures company posted better-than-expected results for the fiscal first quarter ended April 30, and raised its outlook for the fiscal year ended January 2024.
For the April quarter, DocuSign (ticker: DOCU) posted revenue of $661.4 million, up 12% from the year ago quarter, and nicely ahead of both the company’s guidance range of $639 million to $643 million, and Street consensus at $642 million. Billings were $674.8 million, well above the company’s guidance range of $615 million to $625 million. It is an increase of 10%, compared with the company’s original target of 1% to 2%.
The Street is likely to be especially pleased with the strong growth in billings.
DOCU DocuSign Options Ahead of EarningsIf you haven't sold DOCU's speculative bubble:
Then analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DocuSign (NASDAQ: $DOCU) Stock Surges on Strong EarningsDocuSign (NASDAQ: NASDAQ:DOCU ) shares jumped more than 4 % in trading hours on Friday after the e-signature and document management company topped analysts’ quarterly estimates and issued better-than-expected current-quarter and full-year sales outlooks as customers increased their IT spend.
The San Francisco-based company posted fiscal 2024 fourth-quarter adjusted earnings of 76 per share on revenue of $712.4 million, whereas Wall Street had expected earnings of 65 cents a share on sales of $698.3 million.
Billings for the quarter, which ended Jan. 31, rose 13% from a year earlier to $833.1 million, entwining the company’s earlier guidance range of $756 million to $768 million. DocuSign ( NASDAQ:DOCU ) said closing several deals earlier than expected boosted billings during the period.
Looking ahead, the company projects revenue for the current quarter to range between $704 million and $708 million, with billings of $685 million to $695 million. The lower end of both metrics come in ahead of estimates pegged at $701 million and of $683 million, respectively.
For the 2025 fiscal year, DocuSign ( NASDAQ:DOCU ) expects revenue of between $2.92 billion and $2.93 billion, with the low-point of that band surpassing the Street expectation of $2.91 billion.
DocuSign's CEO Allan Thygesen said the better-than-expected quarterly results were driven by growth from both enterprise and small business customers, further adding that the company had observed improving IT spend versus previous quarters. Thygesen also noted that the company’s addition to Microsoft’s ( NASDAQ:MSFT ) Azure marketplace had helped it connect with large customers.
Technical Analysis
The DocuSign ( NASDAQ:DOCU ) share price has oscillated roughly within a 20-point range over the past 17 months to form clearly identifiable areas of support and resistance. Although the 50-day moving average crossed back above the 200-day moving average in early January to generate a golden cross signal, the price has remained rangebound with a moderate Relative Strength index (RSI) of 60.
Amid follow-through buying after the company’s strong earnings report, keep an eye on the trading range’s top trendline around $64.50 as a potential resistance area. If a breakout occurs, monitor a prior countertrend high near $77 as the next possible level of chart resistance.
DocuSign ( NASDAQ:DOCU ) shares gained 11.1% to $59.50 in after-hours trading Thursday but slid a little bit to $56.26 on Friday's trading session.
RiskMastery's Breakout Stocks - DOCU EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:DOCU ...
I believe this code is at a point of potential volatility.
If price can hold above $51.51 ... Bullish potential may be unlocked.
My key upside targets include:
- $60.78 (Conservative)
- $72.21 (Medium)
- $88.61 (Aggressive)
If however price falls below $43.71 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
DOCU , a documents technology company is shown on a 4H chart here. It have added supply and demand zones showing resistance and
support. Price rose before and during earnings topped and fell in a shallow retracment and then
reversed again topping and has now trended down into a full retracement turning into a
"M" pattern. I added the retracement tool. On a lower time frame, price formed a bear flag
pattern which could signal bearish continuation is likely. On the other hand, the zero-lag
MACD indicator is bullish at its terminal portion with the lines heading up having crossed.
I see the Fib levels as the tie breaker. My trade plan is no trade right now. I will set alerts
for 54.25 and 48.25. A notification will be a signal that price is breaking out of the Fibonacci
zone. The trade will then be taken based on the direction of the break. I suspect that DOCU
could so sideways for a while but maybe not. General market momentum may push it to move.
I will patiently wait for the set up to declare itself in due time.
DocuSign's Path to Profitability: A Milestone in the MakingShares of DocuSign (NASDAQ: NASDAQ:DOCU ) are up 13.7% after The Wall Street Journal reported the e-signature leader is exploring a potential sale.
Why DocuSign is exploring a sale
According to sources familiar with the situation, DocuSign is working with advisors to gauge interest in a potential sale of the company. The conversations remain in the early stages, and there are no guarantees a deal will be reached.
Any number of acquirers could be interested, though whether from the private equity space or publicly traded competitors like Adobe, which offers its own Acrobat Sign solution. Any deal would be substantial, given DocuSign's market cap at just over $13 billion as of this writing, potentially making it one of the largest leveraged buyouts in recent years.
DocuSign thrived during the pandemic as at-home work accelerated the transition to e-signature platforms. However, its shares have pulled back sharply from their late-2021 peak as top-line growth decelerated. Leading up to this news, DocuSign stock was roughly flat year to date in 2023.
Docu Future Outlook?
DocuSign has found solid financial footing in recent quarters. The company achieved better-than-expected 9% revenue growth in its latest quarter (announced last week), has steadily narrowed its losses in recent quarters, and remains on track to deliver its first-ever full-year profit this fiscal year.
That positive momentum could help DocuSign command a higher premium from prospective suitors.
DocuSign Shares Spike on Report Company is Exploring a SaleDocuSign shares rose as much as 15% and closed up 12% on Friday after the Wall Street Journal reported the e-signature software company tapped advisors about a possible sale.
Talks are still preliminary, the Journal reported, citing people familiar with the matter. A DocuSign representative didn’t immediately respond to a request for comment on the report.
After losing almost two-thirds of its value last year, DocuSign’s rebound this year has been less dramatic than many of its tech peers. The stock is up 16% in 2023, while the Nasdaq Composite has gained 41%. The company has a market cap of about $13 billion.
DocuSign went public in 2018 and saw business boom during the pandemic as demand soared for technology that allowed people to work together on documents remotely. But growth has slowed dramatically since the economy reopened, and competition remains from Adobe
and Dropbox A year ago, DocuSign hired former Google executive Allan Thygesen to replace Dan Springer as CEO. Layoffs followed days later.
The stock plummeted 22% on March 10, after the company said finance chief Cynthia Gaylor would leave and told investors to expect a single-digit quarterly revenue increase, down from growth above 50% during Covid.
Its worthy to note that NASDAQ:DOCU is trading above all its respective Moving Averages indicating a Bullish Bias or continuation of the present Trend.
Please sign here, sirWhat do you do when you can't figure out what the heck is going to happen next? You straddle, baby!
Earnings todays after the bell.
Last four stock moves post earnings...
Price Change % = -3.68% -2.5% -22.85% 12.37%
Per The Fly - Implied volatility suggests the market is anticipating a move near 7.7%, or $3.59, after results are released. Median move over the past eight quarters is 16.2%.
Let's go.