In this article, you'll discover everything you need to know about the Docusign stock and its characteristics, and above all the elements that will be useful to you for your analyses of this stock. We'll be particularly focusing on the activities of the company and its main sources of income. We'll also present you with the direct competitors of the company and its recent partnerships. We'll also be explaining how you can perform a sound fundamental analysis of this stock by studying the right data.
Of course, in view of the activities of the Docusign group, you should keep a close eye on all technological innovations related to confidentiality and data protection. This company needs to remain at the forefront of this technology to maintain its positioning.
The development of new products and services by Docusign should also be closely monitored in order to anticipate possible future variations in its profitability and its stock market share.
You should also keep an eye on the major competitors of this company, particularly on the large groups already present in other segments and with a strong cash flow along with the new, smaller but innovative players.
Repurchase, sale, strategic partnership or other signings of major contracts on the part of Docusign should also be events to watch for this analysis.
Finally, it's important to pay attention to the announcements and communications of the group in terms of strategic objectives in the medium and long term. Ensure the achievements or non-achievements of these objectives by studying the annual and quarterly financial results of the group.
Now let's find out a little more about the Docusign Company. By perfecting your knowledge of the activities carried out by this group and its sources of profit, you'll have an easier time understanding the issues and threats that may present themselves to them in the future. Here is a detailed presentation of the company.
The Docusign Inc. group is an American company specializing in the technology and IT sector. More precisely and as its name suggests, Docusign specializes in the development of electronic signature technologies and digital transaction management.
The group therefore offers authentication services, user identity management and process automation with the aim of facilitating exchanges and electronic validation of contracts and documents.
Regarding the distribution of the income of this group by business area, the sale of subscription generates the major part of the income with 94.3% of the turnover while the sales of professional services represent 5.7% of the turnover.
Finally, from a geographic point of view, more than 82.4% of DocuSign’s turnover is generated in the United States.
In addition to knowing the activities of DocuSign thoroughly, you must also know its adversaries in its market and in its sector of activity. Here are its main current competitors and their activities:
This Company is also a cloud provider of electronic signature technology which is based in the United States. This company allows individuals and businesses to sign and manage documents from any computer through a platform. Its electronic signature product is also available for free on iOS and Android smartphones and devices and allows documents to be uploaded from the phone's email, camera or Dropbox account and simply tap to insert a signature. The signatures offered by SignNow are legally recognized in the same way as traditional wet ink signatures because the company's technology follows the Electronic Signatures in Global and Domestic Commerce Act promulgated by former President Bill Clinton in 2000 along with electronic signatures of the European Union.
This French software publisher also offers electronic signature services in order to digitize contracting processes on the European market. This company was created in 2013 by two engineers graduated from ENSICAEN. The market for this group is therefore mainly French and European.
The Adobe group also has its electronic signature service, called Adobe Sign, formerly known as EchoSign, which is cloud-based and allows, among other things, to send, sign, track and manage processes of signatures through a browser or mobile device. This service is part of the services of the Adobe Document Cloud suite.
DocuSign obviously does not only have enemies but has some strategic partners. It sets up frequent strategic alliances with other groups as in the two examples which you'll find below.
First of all, we're going to talk about a partnership signed in 2020 between Docusign and Apian, a company also listed on the NASDAQ. This technological and strategic partnership aims to broaden the integration between DocuSign and Appian's low-code automation platform. The DocuSign electronic signature, which is part of the DocuSign Agreement Cloud suite, is available as a no-code plug-in and allows leading electronic signature functionalities to be integrated into any business process developed on Appian. The DocuSign connected system for Appian was made available to all customers of this company who had a version 19.4 or later version.
Another important partnership recently set up by the DocuSign group was done so just after the launch of its DocuSign Agreement Cloud software suite aimed at how companies prepare, sign, execute and manage their agreements. DocuSign announced that it has made an investment of up to $ 15 million in the leader in artificial intelligence, Seal Software. In reality, it is not really a new partnership but the strengthening of a partnership established for over a year between DocuSign and Seal Software and which has allowed Seal's artificial intelligence to benefit the navigation, extraction and analysis of contracts in order to make it a pre-integrated extension of the DocuSign electronic signature.
DocuSign has benefited from several financings in the past like in 2004 with 4.6 billion dollars paid by Frazier Technology Ventures. Other fundraising events took place between 2006 and 2009 amounting to $ 30 million. In May 2015, the company announced that it had raised an additional $ 233 million with a new consortium, which valued the company at an estimate of $ 3 billion.
The shares of the DocuSign group are of course listed on the American stock market. Its listing is on the NASDAQ market and more specifically on the Nasdaq Global Select Market which is intended for American technology stocks. But it is of course possible to follow the evolution of its live price from any other country, particularly by means of stock charts provided by a broker or a specialized website.
The two essential analyses before taking any position on the stock market are a technical and a fundamental analysis. Fundamental analysis is based on the study of news and publications that influence its price while technical analysis consists of studying historical and current graphic movements in order to try to detect current trends and futures, market volatility and even possible turning points.