https://www.entrepreneur.com/article/374319
After delivering a stellar earnings report on June 2, 2021, DocuSign (NASDAQ:DOCU) stock was gapping up like a meme stock. DOCU stock jumped 20% in after-market and pre-market trading. However, in the next five trading days, the stock has only managed a 3% gain.
This seems fair, Investors may be out ahead of themselves a little bit. But with DocuSign there’s a reason for investors to be exuberant. Yet, DOCU stock is sitting on a gain of less than 10% in 2021. That means it’s underperforming the S&P 500 not to mention many of the meme stocks that are the darlings of retail day traders.
In the next few minutes let’s look at why that may be and why it’s likely to create a very profitable opportunity for investors.
Meme Stocks Are The Opposite of Analysis Paralysis
The meme stock mania that is overtaking the market will be studied for years to come. As a conservative investor, it can be easy for me to dismiss what’s happening as “irrational exuberance.” And that may turn out to be correct.
One concern that I would have is that many of these stocks are being bid up because they meet one or two extremely specific criteria. And while I agree that it can be helpful to focus your investment strategy to avoid analysis paralysis, the realistic prospects for the company’s business model must matter.
Relying on cost-cutting efforts and accounting maneuvers to boost earnings is not a sustainable path. Nor is cutting debt from the proceeds of issuing new shares. Investors should look for a company that is likely to generate revenue.
That’s one problem DocuSign does not have.
DocuSign Has An Emerging Story
DocuSign is an investment in the shift from traditional to digital solutions. In other words, it’s not just “skating to where the puck is moving,” it’s already there.
As 2021 began some analysts were concerned that the company’s revenue would lose steam as more in-person transactions began to remove the need for electronic signatures.
Instead, DocuSign posted sequential revenue for the thirteenth consecutive quarter. That means that the company’s revenue has gone up every single quarter since it went public in 2018. And that revenue is not just coming from the United States. DocuSign just recorded $100 million in international revenue for the first time. That was an 84% year-over-year gain.
As the company pointed out on its most recent earnings call, DocuSign has become an indispensable part of their customers’ business processes. And once a company invests in making this transformation to digital processes, they’re not going to abandon it. Especially when their customers prefer it.
To emphasize that point further, DocuSign recently signed its one-millionth customer.
This brings me to my second point. In addition to growing revenue, DocuSign has profitable earnings and is rapidly growing both its operating cash flow and free cash flow.
More to Come
MarketBeat’s Sean Sechler recently referred to an overlooked aspect of DocuSign’s business: cybersecurity. The company is not a pure-play on cybersecurity, but it does provide customers with a global enterprise information security program and a proprietary URL classification system that helps protect customers from threats and phishing attacks.
DocuSign Is a Tech Stock You Can Believe In
If you’re looking to trade DOCU stock, now is not the time. With the recent gap up, DOCU stock does not present an attractive setup at the time of this writing. But you should keep your finger hovering over the Buy button when the stock falls back.
On the other hand, if you’re committed to a long position, there’s no time like the present to get in on DOCU stock. Analysts are projecting the stock has a consensus price target of $270.86. While that does not show that impressive of a gain from its current level, many analysts have a much higher price target. That’s a bet I’m willing to make.
在 2021 年 6 月 2 日發佈出色的收益報告後， DocuSign（納斯達克股票代碼：DOCU）的 股票像模因股票一樣跳空。DOCU 股票在盤後和盤前交易中上漲了 20%。然而，在接下來的五個交易日中，該股僅上漲了 3%。
這似乎很公平，投資者可能會有點超前。但是有了DocuSign，投資者就有理由興高采烈。然而，DOCU 股票在 2021 年的漲幅不到 10%。這意味著它的表現不及標準普爾 500 指數，更不用說許多成為零售日間交易員寵兒的模因股票。
在接下來的幾分鐘裡，讓我們看看為什麼會這樣，以及為什麼它可能為投資者創造一個非常有利可圖的機會。
Meme 股票是分析癱瘓的對立面
未來幾年將研究正在超越市場的模因股票狂熱。作為一個保守的投資者，我很容易將正在發生的事情視為“非理性繁榮”。這可能是正確的。
我擔心的一個問題是，這些股票中的許多股票之所以被抬高，是因為它們符合一兩個極其具體的標準。雖然我同意集中投資策略以避免分析癱瘓是有幫助的，但公司商業模式的現實前景必須很重要。
依靠削減成本的努力和會計操作來提高收益不是一條可持續的道路。從發行新股的收益中削減債務也不是。投資者應該尋找一家可能產生收入的公司。
這是 DocuSign 沒有的一個問題。
DocuSign 有一個新興的故事
DocuSign 是對從傳統解決方案向數字解決方案轉變的投資。換句話說，這不僅僅是“滑到冰球移動的地方”，它已經在那裡了。
隨著 2021 年的開始，一些分析師擔心，隨著越來越多的面對面交易開始消除對電子簽名的需求，該公司的收入將失去動力。
相反，DocuSign 連續第十三個季度公佈了連續收入。這意味著自 2018 年上市以來，該公司的收入每個季度都在增長。而且收入不僅僅來自美國。DocuSign 剛剛首次錄得 1 億美元的國際收入。這是84%的同比增長。
正如該公司在最近的財報電話會議上指出的那樣 ，DocuSign 已成為其客戶業務流程中不可或缺的一部分。一旦一家公司投資於向數字流程轉型，他們就不會放棄它。尤其是當他們的客戶喜歡它時。
為了進一步強調這一點，DocuSign 最近簽署了其百萬分之一的客戶。
這讓我想到我的第二點。除了不斷增長的收入外，DocuSign 還實現了盈利，並且其經營現金流和自由現金流都在快速增長。
更多內容
MarketBeat 的 Sean Sechler 最近提到了 DocuSign 業務中被 忽視的一個方面：網絡安全。該公司並非只專注於網絡安全，但確實為客戶提供全球企業信息安全計劃和專有 URL 分類系統，幫助保護客戶免受威脅和網絡釣魚攻擊。
DocuSign 是您可以信賴的科技股
如果您想交易 DOCU 股票，現在不是時候。隨著最近的差距擴大，在撰寫本文時，DOCU 股票並未呈現出有吸引力的設置。但是，當股票回落時，您應該將手指懸停在“買入”按鈕上。
另一方面，如果您致力於多頭頭寸，那麼現在沒有時間買入 DOCU 股票。分析師預計該股的共識目標價為 270.86 美元。雖然這並沒有顯示出從當前水平上獲得的令人印象深刻的收益，但許多分析師的目標價要高得多。這是我願意下的賭注。
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