5 Reasons This E-Signature Specialist Is Just Getting Started
If you've bought a house, leased an apartment, or signed a legal agreement recently, it's likely you didn't use a pen and paper. With the world adopting social distancing practices, signing documents in person is quickly becoming a thing of the past, and DocuSign's (NASDAQ: DOCU) leading e-signature product is picking up the slack. On the back of solid growth prospects, its stock has tripled this year, leaving some investors wondering if they've missed out, but that's not the case at all. Let's look at five reasons why.
DocuSign's flagship product is its e-signature service. Its 749,000 customers use the e-signature as a stand-alone service, and it can also be integrated into existing business workflows.
Over the past year, the company has attracted 212,000 subscription-paying customers, representing a 39% year-over-year gain from the second quarter last year. But this is just the beginning. Management estimates its current customer base is less than 2% of what it could be in its target markets globally.
Source Fool.com
