Will DocuSign Be a Trillion-Dollar Stock by 2040? [Yahoo! Finance]
DocuSign, Inc. (DOCU)
Last docusign, inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
Its shares eventually soared to an all-time high of $310.05 on Sept. 3, 2021, which boosted its market cap to $61 billion. But today, DocuSign's stock trades at about $59, with a market cap of $12 billion. The bulls retreated as the company's growth slowed and rising interest rates compressed its valuation. The abrupt departure of CEO Dan Springer in June 2022 raised even more red flags. DocuSign certainly disappointed a lot of its investors over the past six years, but could it expand and evolve into a trillion-dollar company by 2040? Let's review its valuation and long-term challenges to decide. Why did the bulls give up on DocuSign? When DocuSign went public, many investors were impressed by its growth rates. Company revenue rose 52% in fiscal 2017 (which ended in January 2017) and 36% in fiscal 2018. From fiscal 2019 to fiscal 2022, its billings climbed at a compound annual growth rate (CAGR) of 43% as its revenue increased at a CAGR of 44%. Its expansion accelerated sig
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News
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- Worker Engagement Hits 11-Year Low, Plus How Bilingual Workers Are Saved By AI [Forbes]Forbes
- DOCUSIGN ONTHULT NIEUW AI-AANGEDREVEN "INTELLIGENT AGREEMENT MANAGEMENT" PLATFORM VOOR NIEUWE SAAS-CATEGORIEPR Newswire
DOCU
Earnings
- 3/7/24 - Beat
DOCU
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- 4/10/24 - Form 4
- DOCU's page on the SEC website