Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Competitive threats have since emerged, but DocuSign's foothold and brand strength have been tough to shake.Stocks: Real-time U.S. On the bright side, DocuSign remains the clear leader in the e-signature space, a market it basically created when it launched in 2003. In sharp contrast to the early COVID-19 days, when businesses were beating down the door to get digital signature solutions, a cautious, more deliberate sales process has taken over. It's also taking longer for DocuSign to attract new customers, amplifying the company's broader macro challenges. Inflation, higher rates and supply chain issues weigh on corporate outlooks and many would-be DocuSign customers have limited IT spending. Unfavorable Macro EnvironmentĪside from the recent disappointing earnings figures, management has made concerning comments about business activity slowdown. Given the anticipated growth over the next 12 months, the PEG ratio isn't exactly compelling compared to its peers. At 28x trailing earnings, the stock is roughly on par with the average tech sector P/E of 25x.

The good news is that DocuSign is nowhere near as expensive as it once was from a valuation standpoint. As interest rates go up, should it need to take on additional leverage, it will have to do so at a higher cost of capital. This places it in the bottom quintile among its technology peers.

As of the end of last quarter, debt comprised 64% of DocuSign's capital structure. Below peer growth and negative net margins have been the market's primary beef, but the balance sheet may be the biggest concern. The incoming CEO will inherit a set of financial statements that look vulnerable. This leaves the company on shaky ground as it forms a new leadership team and a new growth strategy. Fundamentals Have WeakenedĭocuSign's inability to find that next gear of growth prompted the resignation of longtime CEO Dan Springer as well as COO Scott Olrich in June 2022. When this weakens, software budgets also go down and enterprises decide that they can operate with paper-stuffed file cabinets for longer. At the same time, have learned how highly dependent DocuSign is on global business confidence and activity. Instead, a normalization of demand seems to have settled in. Are DocuSign's tools any less relevant than they were during the pandemic? Have we gone back to paper-based document management? Neither are true.

Doc u sign stock