Skip to Content

DocuSign Inc DOCU Stock Quote

| Rating as of

Morningstar‘s Stock Analysis DOCU

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Showing (Docu)Signs of Life With an Increase in Billings Outlook for the Year; FVE Steady at $88

Dan Romanoff, CPA Senior Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

DocuSign reported second-quarter results that exceeded the high end of guidance for revenue and were at the high end for non-GAAP operating margin. More importantly, the company increased its billings growth outlook for the year by about 100 basis points based on improvement in sales execution issues with bolstered leadership. Management maintained revenue and non-GAAP operating margin guidance for the year, is close to naming a new CEO, and repurchased $25 million worth of shares in the quarter. Based on these factors, we see light at the end of the tunnel, although we do not think the company is out of the woods yet. Macro conditions are deteriorating and DocuSign saw some lengthening deal cycles and smaller deals in real estate and financial services. Based on these factors, we are maintaining our fair value estimate of $88 per share, and see upside to shares, but advise investors to proceed with caution given recent missteps.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics DOCU

Company Profile DOCU

Business Description

DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.

Contact
221 Main Street, Suite 1550
San Francisco, CA, 94105
T +1 415 489-4940
Industry Software - Application
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 31, 2023
Employees 7,461

Related News DOCU