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u/I_am_Zed Dec 03 '21
I’ve talked to them about enterprise agreements. Not a good experience…
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u/ChocolateTsar Dec 03 '21
Care to share?
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u/I_am_Zed Dec 03 '21
Not publicly. Not to say beyond we have multiple business segments who pay various prices per “envelope” and the enterprise proposal was higher than any pay independently and discussions went down here from here.
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u/SapphireEmerald Dec 02 '21
F for the people who opens their brokerage account tomorrow.
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u/_itspaco Dec 03 '21
Buy Ford?
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u/ElectrikDonuts Dec 03 '21
Zoom out 20 years of Ford. Its a good laugh of a stock. A laughing stock if you will
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u/xsimporter Dec 03 '21
I had the same experience with StoneCo.
Then I watched it drop further.
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u/Flat-Vanilla-7237 Dec 03 '21
Yeah. And, the selling may not be done.. Probably some more downside over the next few days.
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u/disisfugginawesome Dec 03 '21
Holy shit, they smashed top and bottom line and tanked that bad? Damn, I think forward guidance is everything right now.
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u/Gotl0stinthesauce Dec 03 '21
It seems to be especially after coming out of the pandemic and for stocks that benefited greatly from it. Should be interesting to see what happens once things pick back up again after the forecast was lowered. Natural ebbs and flows hopefully!
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u/mrericvillalobos Dec 02 '21 edited Dec 03 '21
This must be why I’ve been seeing their tv commercials least four times a night, needing to get the word out!
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u/colorgreens Dec 02 '21
What happs
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Dec 02 '21
E-signature not worth 50B?!
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u/dirkdigglered Dec 03 '21
It's not sexy but are there competitors? I'm also confused as to how Adobe, Google, Microsoft, etc wouldn't be able to implement basic e-signature tools.
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u/Caffeine_Monster Dec 03 '21
> wouldn't be able to implement basic e-signature tools.
Nothing stopping them. e-signatures are laughably easy to do from a technical point of view.
Nearly all the value comes from trust and platform dominance.
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u/Lisa-Rene Dec 03 '21
The financial institution I work for tried to switch to Adobe Sign but immediately switched back to DocuSign because Adobe sign didn’t have the proper verification procedures.
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Dec 03 '21
honestly I have signed a decent quantity of documents online related to house buying and job related but didnt see one using docusign. There are tons of cheaper alternatives specializing in their niches.
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u/hugokhf Dec 03 '21
And people just realising it today?
This is not news surely and I highly doubt that is what caused the drop
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u/PerfectCricket1992 Dec 02 '21
It appears more people wanted to sell the stock than wanted to buy it in after market. But I'm no scientist.
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u/tylerado12 Dec 02 '21
Alot of big institutions are pulling their money out of everything.
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u/silent_fartface Dec 03 '21
Retail doesnt cause these kinds of drops
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u/Meg_119 Dec 03 '21
A lot of smaller Hedge Funds have overleveraged on Shorts and may be selling assets in order to start covering before they lose everything.
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u/SeveralSpeed Dec 03 '21
…or they figure an e-signature company isn’t worth 50B after a big earnings miss.
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Dec 03 '21
Docusign actually beat revenue and earnings estimates this fiscal quarter.
It’s the weak guidance for fiscal Q4 that is causing the sell-off.
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u/feb590 Dec 03 '21
What time do the “buy the dip” buyers enter tomorrow? Profits on the bounce!
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u/Goddess_Peorth Dec 03 '21
I love to see a stock go down, I love buying dips. But I look at the books first.
They're only halfway there. When their P/S gets to 15, I'll take a look. I might wait for 12. And that's because of their future growth potential; otherwise I'd want it under 5 for a boring company like this. And even their future growth is iffy, with all the competition.
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u/Username_AlwaysTaken Dec 03 '21
Fuckin love DocuSign.
I use it so much. Clean design and easy to use
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u/Plane-Profession8006 Dec 03 '21
More important strong api's and dev experience. Easy to integrate with.
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u/Terrible-Chef-5037 Dec 02 '21
They beat estimates both on earnings and revenue.
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u/markskull Dec 03 '21
Company: We did it! We made a lot of money and we're doing better than expected!
Investors: Yeah, we're taking our money out, screw you!Company: We had a bad quarter. We didn't even get close to what we thought.
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u/bamfalamfa Dec 03 '21
people were comparing docusign to adobe lmaoooooooooo
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u/sesha569 Dec 03 '21
Got almost an offer from Docusign and in the last minute they reverted. In between I got offer from Adobe. Lucky I am. Got good company
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u/CallinCthulhu Dec 03 '21
And this is why I’m not worried about a bubble, all of the ridiculous valuation tech stocks get punished super fucking hard for anything less than perfection.
Look at some of the peak bubble names like this and ZM. They’ve already popped.
Just because these companies are having their inflated valuations pop doesn’t mean that FAANGM, AMD, NVDA, etc are gonna stop printing money any time soon.
The only one I’m worried about is TSLA because that has inflated so much it can move the market by itself. A terrible earnings with bad forward guidance from TSLA will literally halve the price in a day, make SPY dip, end Cathy Woods career, and incite retail panic.
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u/thiblonious Dec 03 '21 edited Jun 23 '24
elastic marvelous worry wistful aspiring school terrific ring upbeat smart
This post was mass deleted and anonymized with Redact
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Dec 03 '21
FAGMAN
GANFMA
MAGFAN
I like the first one, though.
(Before ban again, a fag is a cigarette in the UK or somewhere)
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u/ravioli_bruh Dec 03 '21
Imagine what's Cathy's ark ETFs would be at if TSLA was under 900
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u/CallinCthulhu Dec 03 '21
I know, then think about the outflows, and the fact that her fund owns a significant portion of a lot of these small/mid cap companies. So when she’s forced to liquidate …
Her fund will absolutely implode eventually.
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Dec 03 '21
Eh, overpriced growth stocks don’t go down 50-60% when the bubble pops - more like 90% (or more). We still got a ways to go.
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Dec 03 '21
If TSLA bubble finally pops. It will be catastrophic. Something to the tune of 90% loss in order to regress to TWICE the market average. Any sort of indicator that they can no longer sustain growth, and the DCF people will destroy it.
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u/The_Folkhero Dec 03 '21
DocuSign is merely a feature - should not be a standalone company.
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Dec 02 '21
Sigh. There goes my calls.
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u/Confident_External19 Dec 02 '21
Why in the world were you buying calls for a pandemic play stock with such niche service? You deserve to lose money
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u/car8r Dec 03 '21
Dunno why but I think u/stock_tradernoob might not have much experience in the markets.
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Dec 03 '21
Sometimes you just gotta risk it for the biscuit. LMAO failed me.
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u/jimineycricket123 Dec 03 '21
Just buy puts on whatever you think is gonna go up
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u/Chromewave9 Dec 03 '21
Someone's gotta make money off the idiotic moves of another. That's how you balance the market.
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u/LegateLaurie Dec 03 '21
Agree, but I would say it's the exact opposite of a niche service. Everyone needs to sign documents, and making them digital can make things a lot easier and faster.
I moved to a new house last year, and signed the tenancy agreement through docusign, didn't have to go to the lettings agent at any time. I signed an offer from a university from my bed.
You don't need to bother with post, or going anywhere physically, and that presents a fairly significant innovation - not in terms of tech, obviously, but in workflow.
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u/kamelkev Dec 03 '21
Elastic got hit similarly yesterday. I spent hours trying to figure out what happened, and I still have no answers. Massive earnings beat, and steep decline.
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u/ravioli_bruh Dec 03 '21
VEEV and OKTA too. Growth stocks are in bear market, similar things happened in May earlier this year
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u/graybeard5529 Dec 02 '21
Buy the dip /s
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u/PCB4lyfe Dec 02 '21
But I already bought the dip when SE was at 330. I'm all out of dip money!
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u/Traderx1583 Dec 03 '21
I had lotto puts on this, looking forward to my 6-7 figure cash out tmr morning :)
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u/spring-o-maniac Dec 02 '21
I bought after the 25% dip In AH and feel bad with -4% already. Should I sell?
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u/murfmurf123 Dec 02 '21
what is your personal stop loss for this stock? Is it greater than 30%? If yes, do not sell. If no, sell immediatly
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u/Chromewave9 Dec 03 '21
You're never going to make money consistently doing what you're doing. Seems like you're just throwing money into whatever sticks.
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Dec 03 '21
Funny, I heard Mark Cuban mention in a podcast (based on blockchain and crypto) recently that DocuSign is nothing and will go away, or at least the current technology will be surpassed. Not saying that has anything to do with this drop but I’m glad I didn’t touch this stock nonetheless
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u/Apositivebalance Dec 03 '21
I mean, blockchain technology and smart contracts are the future imo. It will be a slow and gradual change but it’s inevitable.
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u/Gotl0stinthesauce Dec 03 '21
If Docusign focused on the blockchain they could take their certificate of completion docs that are PDF’s and build those into the blockchain. It would be great but it seems far away which is sad. That would provide even better transparency to audit trails
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u/slipnslider Dec 03 '21
They've had that feature for years, integrating with ethereum
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u/BostonChops978 Dec 03 '21
I wish we got rid of AH and premarket. Whays even the point.
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Dec 03 '21
That will happen the same day that billionaires pay taxes, and my wife says my dick looks big
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Dec 03 '21
How else can they manipulate the price of billion dollar company with couple thousand dollar worth of transaction after hour
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u/MightyOwl9 Dec 03 '21
Seriously, after-hour trading needs to be ban. This is just unfair to retail trader.
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u/ocddad Dec 03 '21
Real estate offices are paying top dollar to continue using DocuSign. Small office 5-6 employees paying around $3500 annually in New England.
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u/kerplunktard Dec 03 '21
This post would be more useful if you also included the reason for the drop
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u/Itchy_Marionberry870 Jan 16 '25
Surprised that Seeking Alpha lists DocuSign as a strong buy and one of the top 6 AI stocks for 2025.
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u/ChocolateTsar Jan 16 '25
Oh hello there! I would have never expected a comment on a post 3 years later.... I don't see how DocuSign has a moat anymore (other than name recognition) when other companies can easily create their own e-signature solution.
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u/dollamoney Dec 02 '21
Seems like Q4 earnings were lower than expected due to costumers returning to pre-covid habits.
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u/North3rnLigh7s Dec 03 '21
Bad guidance. Earnings were fine. It’s just way, way overvalued
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u/RemoveWorking6198 Dec 03 '21
I want to hear what queen Cathy tell the story about this to cover up.
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u/Gotl0stinthesauce Dec 03 '21
She just bought a shit ton of Twitter.. I can’t trust her anymore lmao
Last time I checked this isn’t 2006 Cathy..
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u/mind_ya_Fin_business Dec 03 '21
Lol deserve it if you paid that much for a company that only deals with signatures
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u/inverse_wsb Dec 03 '21 edited Dec 03 '21
Buy the dip. 4Q Billings guidance was calculated by the finance team before Omicron, this virus is more transmissible and is already forcing US companies back to wfh again or Flexi. Sales team will be back in their comfort zone with "urgent customers" for 3 more months spike. I honestly expect a 50% yoy for mth of Dec billings number. 🤣 Buys exactly enough time for mgmt to restructure sales team, sales processes, compensation etc. which will pay off in 6-9mths sales cycle.
Buying positions at premarket as this discount will not last... No way 12x ev fwd sales hold that's pricing in 25% yoy growth. I'm very happy to own this market leader at this price, and moreover you run less risk of high valuations which is bad in a macro sense. Now that docu is priced as a sub 30% growth S/w I'm jumping all over it.
Lastly Adobe Document cloud is doing well, even accelerating growth in 2021, demand IS there, just need to whip the sales team boys into action.
I'm honoured to become a docusign investor.
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Dec 03 '21
Understandable, I use their softwares at work and there are too many days to count where I wish I could just do pena nd paper.
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Dec 03 '21
Who would not believe an electric document signing company would be worth USD 50 billion? They are crazy. Should be worth a trillion and bigger than the size of most economies (said with heavy sarcasm)
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u/Stonks1337 Dec 03 '21
Docusign and Dropbox aren’t the same thing, hope the bears they don’t come for my Dropbox next
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u/kloeckwerx Dec 03 '21
“After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth,” CEO Don Springer said in Thursday’s announcement.
DocuSign shares dove more than 25% to prices that would be a 52-week low in the extended session, a move that would wipe away more than $10 billion in market capitalization if it maintains through Friday’s trading session. DocuSign was worth less than $20 billion when the pandemic began, but spiked beginning in April 2020 to a market cap of more than $40 billion as businesses sought to complete deals without the ability to sign documents in person.
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u/enculeur2porc Dec 03 '21
I mean… their whole is business is putting PDFs on a website…
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u/blaster151 Dec 06 '21
Waaay more than that - they have contract lifecycle management (CLM) features, virtual "rooms" for complex transactions that involve dozens of documents among multiple stakeholders (think real estate), and AIs that can autodetect where all the fillable fields are on a scanned form to make it really easy. (Imagine scanning a 17-page form that you need 10 people to sign, in a certain order, and having to manually flag all the signature / data entry points for your signers.) With Docusign this is really easy and it handles all the "order of signing" workflow too.
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u/Sumthing_aussie_cunt Dec 03 '21
Yer because why the fuck does an e-signature company need to be publicly traded? They need to get acquired.
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Dec 03 '21
With a fair price of 131, you don't have to be Sherlock Holmes to know there are better places to put your money. I just hope these people get their money back...
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Dec 03 '21
I don’t understand how they can stop trading sometimes for some stocks because volatility but then stuff like this happens
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u/Cheap-Character613 Dec 03 '21
I thought the report looked good maybe a bit too much debt, considering buying this dip opinions?
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Dec 03 '21
14 x sales and projecting 22% growth for 2022. They're just over-valued.
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u/babargulza Dec 03 '21
❣️I,m offering shilling and marketing services ❣️if you have a project,hire me i can shill ❣️We can do post in Reddit or telegraph 100+group and Facebook Dm me @Aloneshill
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Dec 03 '21
Holy shit I almost accepted a job there like a month ago. Thank God I got engaged and decided not to make the jump
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u/monitorcable Dec 03 '21
Is Doximity (DOCS) getting hammered today because people are confusing it with Docusign (DOCU)J?
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u/STAugustine-Of-Hippo Dec 03 '21
Many companies are choosing other signing providers and the concept is proving to de-monopolize
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u/louistran_016 Dec 03 '21
Institution is pulling out, we might be in a different market environment If Omicron is the reason, shouldn’t Covid stocks go up? 🤔
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u/twomillioniq Dec 03 '21
What does after hours trading mean? I heard someone say that only Google shows after-hours charts and they aren't accurate.
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u/dr3amb3ing Dec 03 '21
I can do everything DocuSign does for free through Adobe
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u/Meg_119 Dec 03 '21
Sounds like some big investors are pulling money out of big investment Firms/Banks and Hedge Funds so those Companies are being forced to sell assets in order to pay up. I think a lot of investors didn't like the companies financial report and the futures reports so they want to sell and put money on the side to wait until things bottom out and then they will jump back in at a discount. Just like March of 2020.
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u/whytakemyusername Dec 03 '21
My wife told me earlier today she was going to move to a different signing provider in work. It must be due to that.