Buzzer to Observe: DocuSign, Inc. (NASDAQ:DOCU)

DocuSign, Inc. (NASDAQ:DOCU) stock identified change of 41.16% away from 52-week low price and recently located move of -27.59% off 52-week high price. The company has 32.20% of outstanding shares and 8.805B shares were floated in the market.

DocuSign (DOCU) recently reported results for its fiscal quarter ended April 30, 2019.

First Quarter Financial Highlights

  • Total revenue was $214.0M, an raise of 37% year-over-year. Subscription revenue was $201.5M, an raise of 36% year-over-year. Professional services and other revenue was $12.5M, an raise of 64% year-over-year.
  • Billings were $215.0M, an raise of 27% year-over-year.
  • GAAP gross margin was 76%, contrast to 63% in the same period last year. Non-GAAP gross margin was 79% contrast to 80% in the same period last year.
  • GAAP net loss per basic and diluted share was $0.27 on 172M shares outstanding contrast to GAAP net loss per share of $7.46 in the first quarter of fiscal 2019 on 36M shares outstanding.
  • Non-GAAP net income per diluted share was $0.07 on 189M shares outstanding contrast to non-GAAP net income per share of $0.01 in the first quarter of fiscal 2019 on 60M shares outstanding.
  • Net cash provided by operating activities was $45.7M, contrast to $15.0Min the same period last year.
  • Free cash flow was $30.4M in the first quarter of fiscal 2020 contrast to free cash flow of $8.8M in the same period last year.
  • Cash, cash equivalents, restricted cash and investments were $937.0M at the end of the quarter.

Operational and Other Financial Highlights

  • DocuSign Contract Cloud. In March the company reported the DocuSign Contract Cloud—a suite of over a dozen products and 350 integrations for digitally transforming how organizations prepare, sign, act on and manage contracts. By helping to automate and connect the entire contract process, the DocuSign Contract Cloud allows organizations to do business faster, with less risk, and lower costs, and in turn deliver better experiences for consumers, partners, and employees. This comprehensive suite defines a new category of cloud software that we believe has the potential to importantly expand our total addressable market.
  • DocuSign Spring 19 Release. The company released several new products and updates as part of the DocuSign Contract Cloud: DocuSign Gen for Salesforce, which simplifies and accelerates the generation of signature-ready contracts from within Salesforce; DocuSign Click, which allows organizations of any size to capture consent to standard contract terms on websites, such as a privacy policy, with a single click; and DocuSign Identify, which enables companies to automate the verification of government-issued IDs and European eIDs, for transactions that require them.
  • Seal Software Investment. The company reported a $15M investment in Seal Software, a leader in artificial intelligence. Building on the joint venture between DocuSign and Seal Software, this investment in Seal’s artificial intelligence-based contract discovery and analytics solutions builds on DocuSign’s commitment to make the DocuSign Contract Cloud offering smarter and more impactful for consumers.

DocuSign, Inc. (DOCU) moved with change of -0.68% to $49.49 with the total traded volume of 2,086,196 shares in recent session versus to an average volume of 2,397,928. After opening the first trading session at $50.16, it registered a day’s high of $50.65 and touched a day’s low of $49.49.

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