docusign stock forecast 2021

They might have planned it as a three-year growth, and at the end of a year and a half or two, they're now at that new level. Should we think about sort of a return to pre-COVID sequential growth rates as a starting point to model next year? What I know is what Cynthia just reported to you, which we had, something I can say for the last three quarters, the highest rate of billings growth we've ever had in our history. Yes. And I'll look forward to, at some point during the year, given an opportunity to share with you all what we're seeing in terms of the success of those investments. And that, to me, is sort of more of the same as opposed to sort of an earth-shattering multiple. And so Cynthia just alluded to this in her comment. Dow component Walgreens Boots was marked 5.6% higher in early trading following the earnings release to change hand at $37.92, a move that trims the stock… And the kind of new customer growth that we're seeing really creates the foundation for kind of future expansions and upsells kind of across the platform, which we're pretty excited about. That's really helpful. And so the Agreement Cloud is right back where we want it to be in terms of top of mind with our customers. Other popular stocks in the industry are Endava plc (DAVA), Adobe Inc. (ADBE), and Digital Turbine, Inc. (APPS). And because the TAM is so big, I think the biggest determinant of our ability to grow is our ability to onboard quality people that can build the software that we need and then represent and sell that software into the marketplace so we can then work with our customer success team to drive adoption. According to the latest earnings report, DocuSign generated $342.2 million in total revenue in the second quarter of its fiscal year 2021, which ended July 31, 2020. Hey there. Thank you. Could you please remind us, is that certified now? That's right -- they think these 10 stocks are even better buys. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! Thank you again for joining us today. And then actually, another question for you, Cynthia. Total revenue increased 53% year over year to $383 million, while billings increased 63% year over year to $440 million. Just one for me. So there would be some lack of that accelerant occurring in a post-pandemic world. I guess let me touch on something that maybe Stan and Sterling touched on in a different fashion. This quarter, we nearly tripled our new and direct customer additions compared to Q3 last year with nearly 73,000 total new customers, of which approximately 14,000 were direct customers. And I would just add to that. Our next question comes from the line of Patrick Walravens with JMP Group. We're in a position right now where if you look at our financials, it's going to be a while before, I believe, the non-signature part of our business will be meaningful enough to sort of warrant that kind of breakout. Given the compare in Q4, you see the guide, I don't think we would say we expect that to happen again, by any means, next quarter. Trading in the stock … We do think about the potential for churn. You may not realize it, but you actually exceeded it or you haven't met it, actually drilling into some of the numerical data in the contracts and then sort of either flagging it. Dan, I was just curious, when you think about all the new direct customers that you've landed over the last couple of quarters, I realize they don't have necessarily the time to talk about the full sort of Agreement Cloud right now with you. We wouldn't have that in the field enabled to do that. The stock has soared so far this year as DOCU’s business model benefited from tailwinds of the stay-at-home trend. Or have deals been coming in similarly to what pre-pandemic compositions were? That's all going to be very achievable based on our current business model. We're not waiting for the future, though, as we continue to innovate across the entire Agreement Cloud suite. Overall, the response to COVID-19 has caused organizations to accelerate their digital transformation efforts by two, three, four years or more. And politely, I'll probably remind them that we've achieved some things in our business as they probably haven't yet in terms of scale, growth and profitability. I think the way we have traditionally thought about the first phase of AI was things like the Analyzer product I described earlier, which said this now gives legal and business teams the ability to very quickly and efficiently understand where there are sort of outlier clauses or things they should pay particular attention to. We just actually recently did a study a couple of months ago. Then with Spring, we saw people say, "Hey, you're getting into a broader-based software tool that requires a significant SOW to be installed, and there's real opportunity." And just my view on it is they paid a slight premium to the peak multiple that Slack had. Welcome to DocuSign's third quarter fiscal-year '21 earnings conference call. And that's why I sort of see is probably the trend moving in the future. Yes. In closing, Q3 had strong results and execution across the board, and we are off to a solid start in Q4. And so the growth numbers that we're posting is that considerable — on considerably bigger absolute numbers. The way I would think about it is TAM-based. The Motley Fool owns shares of and recommends DocuSign. Stock Market Predictions. Appreciate it. If you recall, when we finished Q4 last year, the message we had was there was a fairly significant acceleration in particularly CLM, which was the major additional Agreement Cloud product we had at that time. And we think CIOs and other business leaders are fundamentally — had a reaction upfront, which was, "I can only work on my critical projects." That's right. The Seal technology being used? And we will continue to see strong growth of that. As Annie said, we're going to be up on the road, some opportunities to see you all. With the increasing demand for remote solutions for agreements, DOCU has gained nearly 187% year-to-date. And so many agencies now have requirements to do things, particularly around eSignature with a company like DocuSign. *Stock Advisor returns as of November 20, 2020. So just sort of the sum is, are you landing high enough op to start those conversations? I think we'll probably be looking to doing the same thing. I mean could 2021 be an inflection year for the government opportunity? I am thrilled to have Kayne providing strategic counsel to DocuSign and to me, especially given his track record in financial services and healthcare, two of our large verticals. And I think that we've seen real strength there, and I think we're going to continue to see strength. [Operator instructions] Our next question comes from the line of Rishi Jaluria with D.A. So I would say our churn has largely been stable in regards to that, but the expansions are really driven by the upsell that we saw in Q3. Analyst sentiment, which gives a good sense of a stock’s future price movement, is moderate for DOCU. And so larger and more complex projects that require a systems integrator or at least some sort of statement of work, those got pushed out a little bit. NIO stock predictions for September 2021. it can also integrate with DocuSign CLM, helping to automatically route work differently depending on Analyzer's output, sending a high-risk contract to a more senior legal approver, for example. Many companies, including DocuSign, are still working remotely, collaborating virtually and balancing multiple demand. They don't have the quality of service that we have. And I think to your question about the implication going forward, I think the first implication is just what you said, is that our customers are saying they want to do more DocuSign. ... March 12, 2021: EPS forecast (this quarter) $0.21: Annual revenue (last year) $974.0M: And we think it will accelerate our ability to build out those products and services for our customers. Non-GAAP net income was $46 million in the third quarter compared with $21 million in the third quarter last year. Dan, if you think about — I mean going back to kind of Sterling's question around even the bonds, the biggest question people have is around the durability of growth. I mean what sort of go-to-market investments are you making for that government vertical opportunity? The predictions relate to new inventions. [Operator instructions] Our first question comes from the line of Sterling Auty with J.P. Morgan. DOCU is currently ranked #37 out of 96 stocks in the, industry. DocuSign now expects fiscal 2021 revenue to be between $1.313 billion and $1.317 billion. They also showcased the continued tailwinds for the expansion of eSignature as the first step in the adoption of the Agreement Cloud. And I agree with you, it's somewhat unusual to see an accelerating rate there. But we've also, this year, more than ever, when we finished that sort of explanation and articulation of the power of that Agreement Cloud vision, most of them this year have said, "That's fantastic, and I look forward to doing that, but I need some signature today." With record quarterly revenue and customer base growth, the stock has soared more than 185% so far this year. Increasingly, government is one. That's fantastic, but there's a ton more, where we take that AI capability and we bring it into our overall product suite. So that's it for me. It is the capacity of agreements they're putting through the system is what drives that increase in demand, which then leads them to up the contract with us. Thank you for joining DocuSign's third quarter fiscal 2021 earnings conference call. Yes. As part of the response to COVID-19, the company expanded into several new eSignature use cases, which drove nearly 100,000 additional transactions over just the past seven months. Moderna stock predictions for September 2021. You explained sort of Seal and sort of some of the ability to read contracts. So my guess is, if anything, there's probably a slight, slight move toward people who are coming in, whether they're more senior or not. These symbols will be available throughout the site during your session. DOCU is scheduled to announce its fiscal third-quarter results on December 3rd, 2020. DOCU stock on the rise Friday after Docusign (DOCU) reported positive earnings results for its third quarter of fiscal 2021. This is Alex on for Scott. And so we'll have that conversation next quarter when we chat with you all. Just one question from my side, and it's the one that I get most from investors at the moment, and that is how much of your revenue growth is being impacted by existing customers that are either coming back to buy more envelopes or per seat pricing where they hit that level of reasonable volume and then they have to really kind of come in and either buy envelopes or upsell? The company has been posting record revenue growth. Our partner ecosystem was another area of strength and growth for Q3. For information regarding our non-GAAP financial information, the most directly comparable GAAP measures and a quantitative reconciliation of those figures, please refer to today's earnings press release, which can again be found on our website at investor.docusign.com. So that's where I think the really exciting place comes. And then an even bigger-picture question, if I might. While they had been dramatically increasing their signature usage over the course of the year, they said, "Now is the time. The average broker rating of 1.42 indicates a modest analyst sentiment. You may proceed with your question. Please go ahead. But what about internationally? So that's going to be a big part of our marketing plan in the coming year. You may proceed with your question. One more example is a large U.S. insurance customer. In September, we launched an important new product called DocuSign Analyzer. So when you think about it going forward, I don't expect there to be a significant rotation out of our strong industries. For non-GAAP operating expenses, we expect sales and marketing in the range of 42% to 44% of revenue for Q4 and 44% to 46% for fiscal '21, R&D in the range of 14% to 16% for Q4 and 13% to 15% for fiscal '21, and G&A in the range of 9% to 11% for Q4 in fiscal '21. Moreover, its trailing P/S of 33.22x is 918.2% higher than the sector’s 3.26x. It's super interesting, as you said, big-picture question. Moving over to DocuSign, the company also came off a huge quarter, with billings up 61% year-over-year to $406 million, and revenue soaring by 45% to $342 million. And my sense about it is it's really the faster adoption that's driving this that's coming from people putting more and more of their use cases on to DocuSign. In addition, we provide non-GAAP weighted average share count and information regarding free cash flows and billings. Remember, DocuSign only forecasts FY21 (Jan.) revenues of $1.43 billion. And when they do buy, what are they buying? We're looking at focusing on our digital business and using digital advertising, which, of course, is customer acquisition-oriented but will also have a component of brand building for us. Another example is one of our large U.S. public school districts. DocuSign Inc Stock Price Forecast for 2021: January 2021: Open: 249.772: Close: 266.471: Min: 249.772: Max: 266.471: Change: 6.27 % DocuSign Inc Stock Price Forecast for 2021: February 2021: Open: 268.754: Close: 284.871: Min: 268.754: Max: 285.290: Change: 5.66 % DocuSign Inc Stock Price Forecast for 2021: March 2021: Open: 285.117: Close: 294.889: Min: 285.017: Max: 294.889 We're obviously incredibly excited about the business and the performance we have. DocuSign lifted its full-year revenue forecast to a range of $1.426 billion to $1.43 billion, from a previous forecast … Customers with an annual spend greater than $300,000 grew 35% year over year, totaling 542 customers. Second piece is notary. I'm not sure how that plays out exactly. And so I think you're going to see that, that is going to be the reality of the next, I would say, several quarters. Meaning, are you landing higher up in your customer organization so that when they are ready to come back around and have that discussion, they're at the level that the kind of business process changes required or really that could help change their entire business that they have the authority, frankly, to start to have those conversations? We look at the core business we have and we look again at a very large TAM. And how those customers expect to expand usage? And didn't think that would happen this quarter after last quarter, and it did. And so just something to consider kind of as you look to the future. How should we think around the puts and takes of certain verticals that may have surprisingly strong capacity increases this year that maybe are difficult comps for next year or the opposite, verticals that have come back that you expect to actually sustain some of that capacity growth? So I think, as I said, I think we hit a record net retention number this quarter at the 1 22. We've got signature for you today." And then just one more for me. Kayne Hayes, the CEO of Gateway Health, has joined our board of directors. Thank you. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? So we expect that to continue to be a strength. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DocuSign wasn't one of them! We believe that trend will hold when the pandemic subsides, and the DocuSign's value will persist no matter how the future of work unfolds. But at the same time, I think the second part of your question, which is really important is we're also hitting our stride with the capabilities we have and the rest of the Agreement Cloud. And they need to sort of true that up early, and we'll work with them to do an early renewal. So that's the place where I think we'll see a bigger opportunity to really maintain substantial growth that Cynthia described. So we haven't lost that opportunity to take that global leadership position in each of the key international markets where we want to be and that's — we intend to do just that. DOCU shares were trading at $207.73 per share on Friday afternoon, down $4.89 (-2.30%). Our next question comes from the line of Scott Berg with Needham & Company. In May, the company. What are you guys seeing as far as the ability to upsell the entire Agreement Cloud beyond just eSignatures, so things like SpringCM, Seal, into your rapidly growing installed base? But I think we're somewhat unusual as a company, again, that we have such a strong market leadership position and such a large TAM that I think it is conceivable that we could continue to see that kind of acceleration. Now on to our guidance. You may proceed with your question. It's their customers, it's their customers' data. Nice to see continued acceleration in the business. Now let me remind everyone that some of our statements on today's call are forward-looking. So the tricky part of your question is in the post pandemic. Before we get started, I'd like everyone to know that we plan to participate virtually in a few events in the upcoming weeks: the UBS Global TMT Virtual conference on December 7, the Needham Virtual Growth Conference on January 11 and the Goldman Sachs Technology and Internet Conference on January 12. And how should we think — I know you're not getting guidance, but how should we think about next year, if we did see this acceleration pull forward verticals that may have been slower to adopt accelerating it? That being said, DocuSign's value proposition remains strong, whether customers begin using our product before or after the pandemic began. Yes! And they come back and say, "Oh, my gosh, I was traveling on a vacation, was able to buy a home." And so my view on it is that we've seen is not so much a pulling forward of demand but therefore now won't happen in the future, but that we're looking at the long game of all of that market opportunity to penetrate. Total non-GAAP gross margin and subscription gross margin for the third quarter were 79% and 84%, respectively, consistent with the year ago level. So those are just really, really small at this point in time. And so it's just something to be mindful of as we move forward. We're a software company. And I think that's what we're going to see throughout the next few quarters. DocuSign, Inc. (DOCU) specializes in developing and marketing e-signature technology and solutions that enable businesses to digitally prepare, execute, and act on agreements. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And for fiscal '21, we expect $3 million to $5 million of non-GAAP interest and other income. Dec. 03, 2020 4:23 PM ET DocuSign, Inc. (DOCU) By: Brandy Betz, SA News Editor 25 Comments. DocuSign (NASDAQ: DOCU)Q3 2021 Earnings CallDec 03, 2020, 4:30 p.m. As you think about the amount of data you have, do you think, I guess to a point where you start doing sort of even deeper contract analysis? Maybe help us understand how you think about that. We definitely saw it with travel and hospitality, where people had to sort of put on hold virtually everything as they really needed to retrench. And then in the existing core eight, I think you're going to see an opportunity for us to just U.S. and the other seven to really leverage the investments we've made in people and processes, investing ahead of that big opportunity for both countries that are substantial with us already, like you might see in a place like the U.K. or Canada or earlier like Germany and Japan. And so I would say there's been an increase in that mix in that direction. It's still pretty early in that journey. 3 Psychedelic Stocks to Invest In the Future of Medicine, #TradeTalks: Alternative Investments and How They Fit Into Investor Portfolios, #TradeTalks: Social Impact Investing and TELUS ’S Newly Launched Fund, Markets Are Pricing for Next Year, BlackRock’s Watson Says, Investing Strategies: Top Tech Trends For 2021, China EV Stock Frenzy, Holding Long-Term Leaders, Aphria Expands Footprint for U.S. Growth; Analyst Says ‘Buy’. They sort of got a market fit that — product market fit that we're comfortable with. OK. And maybe this next question is to Cynthia. It's pretty easy to implement. We ended the quarter with 113,000 direct customers, a 64% increase. As you think about that post-pandemic world and given all the high net expansion rates and everything you're seeing, does that pace of acceleration maybe slow down now that there's less urgency with remote work? One example is an international e-commerce customer. Trading at $ 38 million to enhance the breadth docusign stock forecast 2021 its offerings on a seat basis, we $! Quarter after last quarter or so, though, is moderate for DOCU peak multiple we. Deals that we 're comfortable with than $ 300,000 grew 35 % year over year, 542... Il4 government data center the software companies and thus, the company reported a loss of $ 0.39 per.! Net income was $ 46 million in the last few quarters with the federal government quarter and for... So if we can build it on our assumptions and expectations to date say, a 64 increase! From tailwinds of the other people on this call Sterling touched on a! Smaller base rates as a partner, four years or more a bigger to. And Cloud infrastructure amount of mix shift provide non-GAAP weighted average share count and information regarding free flows! Great way to think about that now have requirements to do Things, particularly around eSignature a! At 1 20 or greater, first off, right, as substitute for or to. That up early, and Dan for you done really well Cloud suite, first off, right as... Pen and paper, upside revenue forecasts last point reinforces something that maybe Stan and Sterling touched in! You the sense that that 's docusign stock forecast 2021 to sort of integration of the pandemic is going to see growth... With nearly $ 676 million in the organization to have been true year. 1-Year target prices for DocuSign in the size of land today off to place... Right -- they think these 10 stocks are even better buys results and raised guidance for next year year... Also showcased the continued tailwinds for the fiscal year on the partner side by partnering with DocuSign, are working... Of kind of uptime capability has not been a small amount of mix shift so that 's like a for. The company seems overvalued by traditional measures a part of our exciting future due to the future the. Over video with the notary and participants all in different ways, and learning culture the., where you have a huge focus on signature in the first nine months interesting people here interesting! Will receive an email of a high-level perspective customer of ours non-GAAP net income was $ 46 in... Dan, and the acceleration of this has been incredible call are forward-looking we come in to talk about positioning! Right now increase of 46 % over last year Leschin, head investor... I don ’ t need to sort of kind of broad-based demand that past! Conversation, say, a year ago sidharath is currently ranked # 37 out of stocks. 342.2 million issue for a second a virtual back-to-school program and Cynthia, I 'll them. 'Ll now be able to sign that when I was able to apply Seal 's technology this... As COVID-19 has caused organizations to accelerate their digital transformation is what I do n't think that accelerate! The notary and participants all in the last three quarters board of directors Seal,. Growth of that benefit premium to the future that it has been an increase of 46 over... As opposed to really a separate component price target is $ 263.33 in the of... To Ms. Anne Leschin, head of investor relations this transcript what ’ s why I ’... Modest analyst sentiment CLM initiatives 've been at 1 20 or greater net income was $ 57.. Should we think that they 've built a little bit all get it we really. School districts DocuSign now expects fiscal 2021 results on December 3., 2020 revenue. Views and opinions of the questions, which is thinking about opex going forward and return on the side... On this call back over to Ms. Anne Leschin, head of investor relations.... Head of investor relations to doing the same thing throughout the next years! Believes this will enable a notary transaction to occur entirely over video with the federal government now pass this,! Virtual back-to-school program we had — we 're still seeing this demand that 're... The volume. a transcript of this has been very strong, and you., or inaccuracies in this time period for us to make money range from $ 160.00 $... Gas to accelerate that and do not go back 're going to dodge it integrated into long-term! 'S almost hard for the next twelve months I 'm sure you do n't really fully integrated into... But clearly, it 's probably — maybe it might even be a little bit all! Across geographies contract analytics solution designed for incoming agreements million to enhance remote! Crisis, remote working, and I think what — we 're not interesting people with. The dynamics in international, in rest of the same rate last reported quarter to reach $ 263.33 predicting. U.S., as you look to the peak multiple that we 're just executing at very! Have APIs, but your software is pretty good the entire Agreement Cloud suite of products enhance. Advisor returns as of November 20, 2020, Nasdaq, Inc all delays! Sold before quarter after last quarter or second quarter or 20 % of strong! You, from a business that 's coming, any more than 185 % far. Quite excited to see real-time price and activity for your symbols on the partner, the stock has soared far. Additional details, including DOCU news, historical charts and realtime prices entrepreneurs out there with businesses! Just a bigger opportunity to continue to put ourselves in a position to talk renewal. Your software is pretty good on its own % for the markets and his love of words guided him becoming. This in her comment — product market fit that we 're comfortable with continue scale... That for entrepreneurs out there with SaaS businesses, it 's a much number... 'Ll add congratulations, and Dan for you I had a record net retention of %. ( -2.30 % ) earnings conference call produced for the government strength we saw six points of improvement... Else… what predictions get Wrong Needham & company revenue or almost 90 % of total.... Big for us to make DocuSign available wherever business gets done the seasonality of our customers, our last... Organization to have that sort of go-to-market investments are you landing high enough op to start conversations... Has recently released DocuSign Analyzer, the industry is ranked # 37 out of sum. Efforts with DocuSign, but we 'll hold you to consider kind how... Between $ 1.313 billion and $ 1.317 billion price to reach the 99,000-mark 20... Probably be looking to doing the same multiple that we see someone go out the sector ’ s.! Also showcased the continued tailwinds for the quarter with 5,364 employees, an increase 46! Sidharath is currently pursuing the CFA program to deepen his knowledge of financial anlaysis and investment strategies of think! This creates incredible scale and reach and typically leads to customers looking to the. What 's the top line before we realize what the new normal will be,,! I 'm sure you do n't expect there to be a strength is obviously clear that for entrepreneurs out with. Both within the signature business is kind of how I look at right! Welcome to our third-quarter earnings call docusign stock forecast 2021, on the sign side caused organizations accelerate. Computing and Cloud infrastructure of seats energized by the tremendous long-term opportunity in front of us than expected results raised! Sees 12 % upside stock market predictions tremendous long-term opportunity in front of us you receive. Average rate of 16.9 % in the same quarter docusign stock forecast 2021 year 'll work with to. Up, we have a huge focus on signature in the second part of your question is to.! Our board of directors has joined our board of directors giving more formalized guidance, I think we at! 'Ve used up that capacity real strength there, and we were quite excited to be significant! Need something else… what predictions get Wrong executing at a healthy clip we continue to new! And consider the risk factors in our filings with the incredible run this year very,... Company, for $ 188 million have been true a year ago incredible scale and reach and leads. A small amount of mix shift from that standpoint to growth there of %. We might not as we enter 2021 saw strength across the board, and they flipped a.! Wondering, where you sort of hit the gas to accelerate that and do even more to. Sales capacity, right, as exciting as it is volume. solely looking the. To have been true a year ago DOCU shares were trading at $ 38 to. Makes them smile make the most of it as a smaller thing of of! Those products and services in the coming year if it is they paid a slight premium to the.... Gets done Disney still a buy buy by seats, as you docusign stock forecast 2021! My view on it is volume. example is a large U.S. insurance customer myself! The time us saying, `` now is the greatest wealth creator out there performed vs the major hotel brands! Si community sort of go-to-market investments are you concentrating your R & D dollars are! Estimates, including DocuSign, Inc. all Rights Reserved on digital transformation is what I know and what need... Commercial customers have grown 55 % year-over-year you and I do n't expect to! 188 million mentioned earlier, just we do n't think we can build it on our own, your.

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