DOCU trade ideas
Docusign Inc outperforming the market $docuEarnings beat has not been rewarded so far, this could be a big winner on any market stability
DocuSign (NASDAQ:DOCU) +7% reports Q4 beats with 38% Y/Y revenue growth. The company guides upside Q1 revenue of $280-284M (consensus: $275.73M) and FY21 revenue of $1.272-1.276B (consensus: $1.19B).
Q4 Billings grew 40% Y/Y to $366.9M.
Revenue breakdown: Subscription, $258.1M (consensus: $251M); Professional Services and Other, $16.8M (consensus: $14.6M).
Cash from operations totaled $45.5M with FCF of $15.5M.
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
DocuSign, Inc. Beats EarningsDocuSign (NASDAQ:DOCU) +7% reports Q4 beats with 38% Y/Y revenue growth. The company guides upside Q1 revenue of $280-284M (consensus: $275.73M) and FY21 revenue of $1.272-1.276B (consensus: $1.19B).
Q4 Billings grew 40% Y/Y to $366.9M.
Revenue breakdown: Subscription, $258.1M (consensus: $251M); Professional Services and Other, $16.8M (consensus: $14.6M).
Cash from operations totaled $45.5M with FCF of $15.5M.
Source seekingalpha
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
DOCU ACCUMULATION STRONGER THAN SPX & SPYNASDAQ:DOCU AMEX:SPY
DOCU - is stronger than Market and all last week down move didnt affect her on Worse Case
looks like Accumulation and following to join once Market will calm down
Friday end of day Stopping Action started in the market
will follow to see whats happening and will benefit with the stock
thanks
DOCU - weak downgrade callThis weak downgrade provided me an entry point for a few more shares.
Morgan Stanley downgrades DocuSign from Overweight to Equal Weight and raises the target from $67 to $76. The company has a Bullish average Sell Side rating.
The firm remains positive on DOCU's long-term prospects but sees the opportunities as priced in at the current valuation.
DOCU BULLISH PENNANTBuyers have broken upper trend line to make a bullish pennant pattern which is backed by volume
$DOCU Massive 17% swing afterhours in DocusignEarnings Details
DocuSign (NASDAQ:DOCU) slides 4.3% after hours following the upside Q3 report with a Q4 forecast that sees revenue above consensus at $263-267M.
For FY, DOCU sees revenue of $962-966M.
Q3 billings were up 36% Y/Y to $269.4M, beating the consensus by $1M.
Subscription revenue was up 41% to $238M, and professional services increased 28% to $11.4M.
Negative FCF was $14.1M versus the $4.3M loss in last year's quarter.
Short interest 9%
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
Stock of the Week: DOCUBREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE
Wyckoff Story
Long-term price structure of higher highs and higher lows suggest accumulation
Breakout in Phase D confirms accumulation
Absorption bar #1 and #2 has supply followed by successful tests
Absorption bar #2 has less supply than Absorption bar #1 and it happened at higher price confirming absorption story, bullish bias and timing
Relative strength got into uptrend
Trading Target
$36 count line +(27 boxes*3 reversal*$1 box size)=$117
Pattern Confirmation:
Continuation of rally
Long DOCU on bullish 60-day and 180-day EMA crossThe 60-day EMA has crossed above the 180-day EMA during an uptrend, which tends to be a very bullish indicator . The MACD also looks bullish but is signaling a potential stall to the rally or a partial pullback in the near-term. This has been confirmed by the start of Friday's trading.
Volume has been picking up, and mostly on the buy-side.
Previous resistance at 60.00 has now become support. Short-term traders can set a stop-loss at that point.
Almost every technical indicator you can find looks good for DOCU. So, even though some skepticism is healthy after such a huge rally, there’s not a very compelling argument to be made for fighting the trend here.
$DOCU Nice Flag... May be ready for another move higherLooks like a nice flag (more of a pennant) pattern on $DOCU. I'm looking for this to breakout to the upside. Also notice the declining volume so higher volume up or down is going to drive this one. I'm bullish but it can go either way... patience will pay-off here, no need to rush... Ideas, not investing advice.
$docu Breakout imminent in DocusignEntry level $67 = Target price $80 = Stop loss $64
Bullish setup with all Moving averages in bullish formation and signalling a buy on golden cross.
Stock has remained strong while others have fallen on market weakness.
Bullish flag pattern developed.
Average analysts price target $69 | Buy
Short interest 9.44% could help ignite rally
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
Can't Win Em All, But It Sure Feels Good When You Do...DOCU See linked previous post on DOCU. Just a great buy IMO, especially where I was able to pick some up. What an ER move, geez. Target on chart just over $80. Took some losses here and there, but my trading style says losses are ok and happen, just keep them as small as possible, and cut losses as soon as the trade idea is negated, to hell with HODL'ing to try and get back to even. I cut it, take money elsewhere and make it back. After the beat down I took on the SPY put option that I knew not to buy (LOL see my post on that) I sure enjoyed watching this thing rocket after hours. Happy hunting, and GLTA!
DocuSign Inc has a lot to prove. Price target on any rally should be in the $50-$54 region, NASDAQ:DOCU has much to prove in today's earnings report after somewhat of a lackluster 2019.
If indeed earnings are well received, a short squeeze could ensue.
AVERAGE ANALYSTS PRICE TARGET $60
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/E RATIO
SHORT INTEREST 10%
COMPANY PROFILE
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
selllooks very weak and a consolidation for another downward move, also 50MA is crossing 200MA for a strong bear signal
Entered my first marked "Buy Zone"NASDAQ:DOCU DocuSign entered my first area marked as a "Buy Zone", and where I had set a limit order. I now own some shares at 44.01, and have set my next limit buy in my second Buy Zone at 36.31. Depending on price action, I will either wait to buy there or add more in this area. Between 40 and 37 is my "No Man's Land" where I would be in limbo. This is a buy based almost solely on growth prospects, as I see the Fintech sector as being a strong leader in the future. One day your grandkids grandkids will have a dollar bill framed on the wall explaining to their kids how people used to have to carry around these dirty pieces of paper everywhere and hand them to other people. (Which they will be thoroughly repulsed by) DOCU is not a fintech company; however it stands to benefit greatly by the rise of fintech through the quick, convenient e-signature that will soon be a staple of all credit agencies/banks wordlwide. There are others inthe same line, but I am placing my bet on this recent IPO to be in its earliest stages of growth. Though the street hated last quarters earnings, the growth shown was staggering nonetheless. I like the company, I love the sector and all the various opportunities it presents. Happy hunting and GLTA!
