DOCU Stock Analysis - DOCU Earnings - CRASH! Docusign Stock Analysis? What's Next for DOCU?
Hello and Welcome to Stock Market Fever!
Today is Thursday, June 9th, and in the spotlight is Docusign (DOCU)!
We will provide you in this video complete DOCU Stock Analysis -- Including WHY Industry Analysts were so WRONG about Docusign Stock, and also our complete DOCU Stock Analysis and Forecast.
Docusign shares absolutely tanked after the close, and in this video we’ll review where Docusign has been, why it crashed, and where it may be going after the dust settles.
And you’ll absolutely want to stay tuned to the end, as we at Stock Market Fever wrap things up and offer our own opinion of where Docusign may be headed going forward!
Let’s begin by looking at Docusign before the COVID pandemic. For the last 3 fiscal years, in the face of people doing more and more business from home or online, Docusign revenue had been growing in leaps and bounds! Revenue had, in fact, more than doubled through the fiscal year 2020 through 2022, soaring from $1 Billion to just over $2 Billion!
And with that Revenue growth, came great earnings growth! Docusign Non-GAAP earnings grew exponentially from $0.31 per share, all the way to $1.98 in 2022!
And with that earnings growth, came massive share price growth! From the end of 2019 when Docusign was trading just above the $50 range, Docusign’s share price exploded, hitting a high of over $300 per share in the middle of last year!
But then the stock started a steep decline, dropping to about $157 as the market opened this year in 2022.
And Yesterday, June 10th, after Docusign reported 1st quarter Non-GAAP earnings of 38 cents per share, adjusted, vs. 46 cents per share as expected by analysts the stock dropped significantly in post market trading, and in fact is now trading down from Thursday’s close by a whopping $18 per share, at $69 per share, for an astounding 20% loss of share value overnight!
The market has been brutal to stocks that miss their earnings mark or provide low guidance this year. Witness the huge drops in formerly stalwart high flyers such as Netflix, Facebook (now Meta), PayPal, and many many more!
And thus, Docusign plunged downward. How low will it go?
Watch this video and be sure to stay to the end to find out -- you'll be shocked!
Where do you think Docusign is heading in the short run and long run?
Would you recommend buying, selling or holding? And why?
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