Stock News Spotlight: DocuSign (NASDAQ:DOCU) Responds negatively  -12.02% to earnings results

DocuSign (NASDAQ:DOCU) stock observed trading -29.54% off 52-week high price. On the other end, the stock has been noted 37.36% away from low price over the last 52-weeks. The stock disclosed a move of -11.16% away from 50 day moving average and -3.67% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.27% off 20-day moving average. It has market cap of $8208.87M .

DocuSign (NASDAQ:DOCU), which offers the world’s #1 eSignature solution as part of the DocuSign Agreement Cloud for digitally transforming how organizations prepare, sign, act on, and manage agreements, reported results for its fiscal quarter ended April 30, 2019.

First Quarter Financial Highlights

Total revenue was $214.0 million, an increase of 37% year-over-year. Subscription revenue was $201.5 million, an increase of 36% year-over-year. Professional services and other revenue was $12.5 million, an increase of 64% year-over-year.

Billings were $215.0 million, an increase of 27% year-over-year.

GAAP gross margin was 76%, compared to 63% in the same period last year. Non-GAAP gross margin was 79% compared to 80% in the same period last year.

GAAP net loss per basic and diluted share was $0.27 on 172 million shares outstanding compared to GAAP net loss per share of $7.46 in the first quarter of fiscal 2019 on 36 million shares outstanding.

Non-GAAP net income per diluted share was $0.07 on 189 million shares outstanding compared to non-GAAP net income per share of $0.01 in the first quarter of fiscal 2019 on 60 million shares outstanding.

Net cash provided by operating activities was $45.7 million, compared to $15.0 million in the same period last year.

Free cash flow was $30.4 million in the first quarter of fiscal 2020 compared to free cash flow of $8.8 million in the same period last year.

Cash, cash equivalents, restricted cash and investments were $937.0 million at the end of the quarter.

Dan Springer, CEO of DocuSign said “Overall, we posted a solid first quarter for Fiscal 2020—revenues grew 37% year-over-year, we were again profitable on a non-GAAP basis, and we now have over half a million paying customers around the world. What’s more, we are seeing strong results from the work we’ve done to optimize our go-to-market sales motion, bringing in net new customers and expanding use cases within our installed base. And with the announcement of the DocuSign Agreement Cloud this quarter—our suite of products and integrations for automating the entire agreement process—we can now deliver a much broader set of solutions to market, positioning us as the next ‘must-have’ cloud.”

The USA based company DocuSign moved with change of -12.02% to $48.16 with the total traded volume of 20923455 shares in recent session versus to an average volume of 2147.67K. The stock was observed in the 5 days activity at -14.09%. The one month performance of stock was -10.13%. DOCU’s shares are at -13.98% for the quarter and driving a -16.04% return over the course of the past year and is now at 20.16% since this point in 2018.  The average volatility for the week and month was at 6.39% and 4.03% respectively. There are 170.45M shares outstanding and 156.04M shares are floated in market.

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