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Stock impact report

Vertical Software Stocks Q4 In Review: Doximity (NYSE:DOCS) Vs Peers [Yahoo! Finance]

Doximity, Inc. Class A (DOCS) 
Company Research Source: Yahoo! Finance
Software is eating the world, and while a large number of solutions such as project management or video conferencing software can be useful to a wide array of industries, some have very specific needs. As a result, vertical software, which addresses industry-specific workflows, is growing and fueled by the pressures to improve productivity, whether it be for a life sciences, education, or banking company. The 14 vertical software stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 3.3% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 16.5% since the latest earnings results. Founded in 2010 and named for a combination of “docs” and “proximity”, Doximity (NYSE: DOCS) is the leading social network for U.S. medical professionals. Doximity reported revenues of $168.6 million, up 24.6% year on year. This print exceeded analysts' ex Show less Read more
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