Zoom had seven downgrades today........
Bottom?
Bottom?
Biotech Master Stoney, CTIC? Its $3.05.
12,200 $3 March 22 Calls.
MAKING A BOLD CALL HERE ON A FALLING KNIFE....
I'VE BEEN ITCHING TO BUY DOCCUSIGN SINCE I USED THE PRODUCT SIGNING SOME BANK FORMS.
IT HAS BEEN IN A SKI SLOP PATTERN A WATERFALL DECLINE...
AND NOW IT IS A BUY. Technical Picture Be Dammed! $115.....
DocuSign's massive opportunity
DocuSign is down 60% from its highs following investors' overreaction to its lower billings in Q3 of 2021. Despite that, the company is still healthy and growing. Its main product enables its 1.1 million global business customers to sign and collect signatures electronically, making a previously pen-and-paper process faster and easier. With just $1.5 billion of the $50 billion digital signature and agreement market in its grasp, DocuSign enjoys an enormous, still-growing market opportunity.
As that market expands, so does the company. From Q3 2020 to Q3 2021, its subscription revenue rose 50%. Overall revenue grew 35% in 2019 and 39% in 2020, and management expects 49% growth for 2021.
International revenue currently makes up only 23% of its total revenue, but it's growing very quickly – 68% year over year in the latest quarter. To keep enjoying that growth, DocuSign needs to keep an eye on regulatory risk abroad; some of the countries where it's currently growing fastest are debating whether electronic signatures are too prone to fraud.
DocuSign is trying to lock in its place in the market through its analytics tools, which its primary competitor, Adobe (NASDAQ:ADBE), lacks. Agreements between two parties often require extensive and sometimes expensive reviews. DocuSign Analyzer uses A.I. to determine risk and summarize the main points of the agreement. That exclusive feature's helping DocuSign land and keep customers: Existing clients spent 21% more year over year in Q3 2021, up from 17% in Q3 2020, suggesting that DocuSign's staying healthy despite rising competition.
Even so, the company isn't immune to the pandemic's effects. As businesses rushed to go digital, they pulled demand for DocuSign's services forward; the company grew faster than expected last year but slower than expected this year around, leading to the slower growth and smaller billings in Q3 that dismayed investors. But while the stock has spiraled downward, the company's still firing on all cylinders. As DocuSign gets bigger, growth will naturally slow – but it's clearly not coming to a halt.
You sure you got the right stock lol? You top ticked it alright. 3 days later it was down huge. Whaaatever.Out with a big gain it was three day event.Toptick
(Van if you haven't noticed I have pulled all my longs before earnings and gotten back in if I want to it's just not worth the risk/reward.)
You sure you got the right stock lol? You top ticked it alright. 3 days later it was down huge. Whaaatever.
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Yulia had me send you a PM. That's the little box above next to alerts.Maybe I am... I had an average cost of $88 I don't know why that post has such a high price - I probably had bought in the days just before, sometimes I like to try and drum up the Robin Hood crew. I think I held a week or so I remember making money. I certainly didn't lose any.
