DocuSign's Quest for Profitability Is Coming at a Significant Cost
DocuSign (NASDAQ: DOCU) is the leader in e-signature technology, and its Agreement Cloud platform is transforming the way businesses draft contracts and negotiate deals. But the company is coming off a pandemic-driven sugar high. It aggressively invested in growth to serve the stay-at-home economy, while sustaining heavy net losses.
But the economy has shifted, and so the company has now been focusing on delivering profitability. The good news is that it succeeded in the fiscal 2024 first quarter (ended April 30); however, that came with a rather concerning consequence. Here's what investors need to know before buying DocuSign stock.
The Agreement Cloud is a collection of more than 15 different applications designed to manage every step of the contract life cycle. It also integrates with more than 400 different software systems like Salesforce, for example, and customers have built a further 1,000 integrations through the DocuSign application programming interface.
Source Fool.com
DocuSign Inc. Stock
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 8 Sell predictions.
A slightly negative potential of -10.25% at a current price of 49.03 € for DocuSign Inc. is the result of a target price of 44 €.
