DOCU is registering massive net positive volume this past few days /weeks -- with numbers surging exponentially +40% from 6.55M to 9.17M. Buyers are now taking positions of the company's future growth prospect -- buoyed by the last "GREEN" earning calls (EPS beat expectation by almost +29% from 0.56 to 0.72).
On monthly data, higher lows was spotted pricewise -- conveying an upside reversal is in order in the next few months. A significant ascend from the current level is expected.
A bubble up volume (bottom indicator) -- has made its 4th appearance for this year with the latest one this month, -- first one since February 2023. A definite sign of things to come -- a good one.
(USD) Apr 2023 Y/Y Revenue 661.39M 12.35% Net income 539K 101.97% Diluted EPS 0 100% Net profit margin 0.08% 101.72% Operating income 24.55M 227.69% Net change in cash 221.55M 70.5% Cash on hand - - Cost of revenue 135.38M 2.86% Disclaimer
DocuSign Shares Rally on Strong Revenue and Billings By Eric J. SavitzFollow Updated June 8, 2023 6:35 pm ET / Original June 8, 2023 4:51 pm ET
DocuSign’s quarterly revenue was up 12% from a year earlier. Courtesy of DocuSign DocuSign shares were sharply higher in after-hours trading Thursday, after the e-signatures company posted better-than-expected results for the fiscal first quarter ended April 30, and raised its outlook for the fiscal year ended January 2024.
For the April quarter, DocuSign (ticker: DOCU) posted revenue of $661.4 million, up 12% from the year ago quarter, and nicely ahead of both the company’s guidance range of $639 million to $643 million, and Street consensus at $642 million. Billings were $674.8 million, well above the company’s guidance range of $615 million to $625 million. It is an increase of 10%, compared with the company’s original target of 1% to 2%.
The Street is likely to be especially pleased with the strong growth in billings.
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Strong support at 50 levels. A generous bounce is expected based on recent long term metrics - a big shift has been registered on weekly and monthly data.
SEED + HOLD.
Spotted at 52.0
TAYOR.
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Congrats holders. DOCU has finally moved.
Long term reversal has been spoted. Expect more weighty rise from this one.