Tech Stock under Consideration DocuSign (NASDAQ: DOCU)

Shares of DocuSign, Inc. (NASDAQ: DOCU) closed the trading at a price of $67.87 with the positive change of +2.37%. In the past session approximately 854,338 shares were exchanged against the average daily trading volume of 1,855,000 shares. The stock touched to the maximum level of $68.02, and it reached the lower level of $65.75 in past session. The stock’s market capitalization has now valued at $10.627B. The stock’s low price in its 52 week is $37.00 per share while $68.02 as the 52 week high price. The last bid price was called at $66.31 x 800 and the ask price was stated at $68.30 x 800.

DocuSign (NASDAQ: DOCU) recently reported results for its fiscal quarter ended April 30, 2018.

irst Quarter Financial Highlights

Total revenue was $155.8M, a raise of 37% year-over-year. Subscription revenue was $148.2M, a raise of 39% year-over-year. Professional services and other revenue was $7.6M, a raise of 14% year-over-year.

Contract liabilities were $290.5M, a raise of 43% year-over-year.

Billings were $168.9M, a raise of 33% year-over-year.

GAAP gross margin was 63%, contrast to 76% in the same period last year. GAAP gross margin for the first quarter of fiscal 2019 included a $25.4M stock-based compensation charge related to restricted stock units (“RSUs”) with a liquidity event performance condition. Non-GAAP gross margin was 80% contrast to 78% in the same period last year.

GAAP net loss per basic and diluted share was $7.46 in the first quarter of fiscal 2019 on 36M shares outstanding contrast to GAAP net loss per share of $0.66 in the first quarter of fiscal 2018 on 30M shares outstanding. GAAP net loss for the first quarter of fiscal 2019 included a $262.8M stock-based compensation charge related to RSUs with a liquidity event performance condition.

Non-GAAP earnings per diluted share was $0.01 in the first quarter of fiscal 2019 based on 60M shares outstanding contrast to a non-GAAP net loss per share of $0.30 in the first quarter of fiscal 2018 based on 30M shares outstanding.

Net cash provided by operating activities was $15.0M, contrast to $0.7M used in operating activities in the same period last year.

Free cash flow was $8.8M in the first quarter of fiscal 2019 contrast to negative free cash flow of $7.5M in the same period last year.

Cash, cash equivalents and restricted cash was $269.8M at the end of the quarter.

DocuSign, Inc.’s (DOCU) price volatility for a month noted as 4.74% however its price volatility for a week documented as 4.44%. The corporation holds 152.67 million outstanding shares and its 136.49 million shares were floated in the market. The stock established a positive trend of 9.75% in last week and indicated rise of 25.92% in previous month.

 

Mitchell Howe- Technology

I am Mitchell Howe and I have worked with words mostly, in both my education and my career level. I have graduated in English and I have a Master’s Degree in Communication. I taught business and creative writing at the university for five years and now I work as a corporate teacher and a Technology writer. I adored writing as soon as I discovered it and started to write Tech articles. I am more of an extrovert and like to travel around the world.

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