DocuSign is now larger than two-thirds of S&P 500 stocks. Here's where it may head next

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DocuSign is now larger than two-thirds of S&P 500 stocks. Here's where it may head next $DOCU (via TradingNation)

The shares fell 10% on Thursday, a victim of the broader market sell-off, after a more than 200% gain so far in 2020. That surge has pushed its market cap to $45 billion, larger than roughly 70% ofIts quarterly earnings report scheduled to come out after the bell could determine whether its rally can continue.

Analysts surveyed by FactSet expect earnings of 8 cents a share, far higher than profit of 1 cent a share a year earlier. Sales are anticipated to have risen 35%. He said buyers should be looking to the long term given how vulnerable the stock could be to short-term volatility.. Covid just simply accelerated the idea that digital signing contracts is the future. It's a very boring, but a very necessary space. It's dominating that space.

 

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TradingNation Ridiculous. Adobe to be worth 20x more?

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