As the market is affected by the economic impacts of the coronavirus, so-called “stay at home” stock
As the market is affected by the economic impacts of the coronavirus, so-called “stay at home” stocks have been spared. DocuSign (DOCU), which provides individuals and businesses the ability to digitize an agreement process is within the category.
The company is set to report first quarter fiscal 2021 earnings results after the closing bell Thursday. DocuSign has seen its stock price soar 110% over the past six months, including more than 42% in thirty days. But with the stock now up 100% year to date, compared with an 5% decline in the S&P 500 index, investors want to know if there’s more upside left, particularly with stay-at-home restrictions being lifted across various states.
What’s more, the company faces stiff competition from the likes of HelloSign, SignNow as well as Adobe’s (ADBE) Adobe Sign, among others. Top industries such as financial, legal, tech, insurance, and real estate services are among some of the key adopters of the digital…