Investment Thesis

DocuSign (DOCU) trades for 22x sales its CY2021/FY2022. And while this appears on the surface to be an exorbitant valuation, there are reasons why this valuation is justified.

In fact, this rapidly growing SaaS stock still has more upside potential ahead, despite the recent tech sell-off causing investor trepidation.

DocuSign continues to guide for rapid growth rates, with a Rule of 40 for Q2 2021 above 50%. This stock is worthwhile considering.

DocuSign: Into The Storm

After the tech sell-off that we witnessed last week, many readers may question whether I have not lost my value approach by being bullish DocuSign at this valuation.

There’s no doubt that its valuation doesn’t come cheap (more on this later), but in an environment where many companies are struggling with either visibility or growth or even both, DocuSign still eyes up strong growth rates and impressive visibility.

DocuSign is an

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Here are five things you must know for Friday, Sept. 4:

1. — Stock Futures Push Higher Following Wall Street Rout

Stock futures were attempting a move higher Friday following Wall Street’s worst day since June as investors awaited U.S. jobs data and a three-day holiday weekend.

Contracts linked to the Dow Jones Industrial Average rose 160 points, S&P 500 futures were up 13 points and Nasdaq futures fell 18 points.

Stocks declined the most since early June on Thursday as tech shares such as Apple  (AAPL) – Get Report, Amazon.com  (AMZN) – Get Report and Tesla  (TSLA) – Get Report – the darlings of the recent rally – slumped sharply.

The Dow fell 811 points, or 2.8%, to 28,290, the S&P 500 slid 3.5% and the tech-heavy Nasdaq dropped 5%.

“Putting (Thursday’s) market pullback in context, this takes the S&P 500 all

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