Docusign Stock Price, News & Analysis

DocuSign (NASDAQ:DOCU) introduces DocuSign Notary, a remote online notarization solution, enhancing the agreement process for organizations. This service allows notarization via secure audio-visual sessions, increasing speed and cost-efficiency. Announced at the Momentum conference, DocuSign Notary leverages technology from the acquisition of Liveoak Technologies, ensuring secure identity proofing and a detailed audit trail. Available for US customers in supported states, this innovation strengthens DocuSign's position in the electronic signature market.

DocuSign (NASDAQ: DOCU) reported a remarkable fiscal 2021, with total revenue reaching $1.5 billion, a 49% increase year-over-year. The fourth quarter saw revenue of $430.9 million, up 57% year-over-year. Subscription revenue rose 50%, and professional services increased 29%. The company achieved a net retention rate of 123% and strong billings growth of 56%. Despite a GAAP net loss per share of $1.31, non-GAAP net income per diluted share improved significantly to $0.90. Guidance for fiscal 2022 anticipates total revenue between $1.963 and $1.973 billion.

DocuSign (Nasdaq: DOCU) will host its inaugural Analyst Day on March 24, 2021, at 11:00 a.m. PT/2:00 p.m. ET, alongside its customer conference, Momentum. The management team will present on the company's vision, market opportunities, product innovations, and financial outlook, followed by a Q&A session. Interested parties can register for the live webcast at the DocuSign Investor Relations website, with a replay available afterward.

DocuSign serves over 820,000 customers in 180+ countries, enhancing the agreement process through its Agreement Cloud.

DocuSign (Nasdaq: DOCU) announced that CEO Dan Springer will present at the Morgan Stanley Technology, Media & Telecom Conference on March 1, 2021, at 8:45 a.m. PT/11:45 a.m. ET. This fireside chat will be available via live webcast on the DocuSign Investor Relations website. DocuSign simplifies agreement management with its eSignature solution, being a leader in digital signing globally. The company serves over 820,000 customers in 180 countries.

DocuSign (Nasdaq: DOCU) will release its fourth quarter and full year fiscal 2021 results on March 11, 2021, after market close. A conference call is scheduled for 1:30 p.m. PT to discuss the results. Investors can access a live webcast on DocuSign's Investor Relations website. Over 820,000 customers and hundreds of millions of users in more than 180 countries utilize DocuSign's services to simplify business processes and improve efficiency.

DocuSign closed its offering of 0% convertible senior notes due 2024, raising $690.0 million in gross proceeds, including a full $90.0 million option. The notes, which are unsecured and carry no regular interest, mature on January 15, 2024. DocuSign plans to utilize approximately $677.3 million of net proceeds for repurchasing its 2023 convertible notes and general corporate purposes. The initial conversion rate is set at 2.3796 shares per $1,000 principal amount of notes, with a conversion price of approximately $420.24 per share, 60% above the January 12 closing price.

DocuSign has announced the pricing of $600 million of 0% convertible senior notes due 2024, up from an initially planned $500 million. The offering, set to close on January 15, 2021, includes an option for initial purchasers to buy an additional $90 million. The notes will not bear regular interest, maturing on January 15, 2024. DocuSign expects $588.9 million net proceeds, primarily for repaying existing 2023 notes and working capital. The initial conversion price is set at approximately $420.24 per share, reflecting a 60% premium over the January 12 closing price.

DocuSign announces the closing of a new $500 million revolving credit facility that will remain undrawn at closing. This five-year facility includes an accordion feature for an additional $250 million in capacity, subject to customary terms. CFO Cynthia Gaylor stated this move enhances financial flexibility, allowing the company to optimize its capital structure and support its growth agenda. Additionally, DocuSign launched a private offering of senior convertible notes.

DocuSign has proposed a $500 million offering of convertible senior notes due in 2024, subject to market conditions. Qualified institutional buyers will be eligible under Rule 144A. An additional $75 million may also be offered. The notes will be unsecured, with interest paid semi-annually, maturing on January 15, 2024. Proceeds will fund capped call transactions and repurchase a majority of 0.50% Convertible Senior Notes due 2023, alongside general corporate expenses. Foreseeable risks include market conditions impacting final terms and potential COVID-19 implications.