Ronz personal page - To The Moon

Ronz

Ronz

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2022-07-18

$ARK Innovation ETF(ARKK)$looking good hope it can continue the momentum

2022-07-05

$ARK Innovation ETF(ARKK)$up

2022-06-17

$CSI China Internet ETF(KWEB)$lets go

2022-05-13

Hopefully the right move

2022-04-12

Hold all my position and check the progress of the company

2022-04-06

$Tiger Brokers(TIGR)$HODL

2022-03-28

$KraneShares CSI China Internet ETF(KWEB)$Good news ?https://www.cnbc.com/2022/03/25/treasury-secretary-janet-yellen-sees-no-need-for-china-sanctions-over-russia-war.html

2022-03-24

$Tiger Brokers(TIGR)$just a bit pullback tomorrow will be up again [Miser]

2022-03-23

$Tiger Brokers(TIGR)$reach 7

2022-03-23

$Tiger Brokers(TIGR)$🚀🚀

2022-03-18

I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point. [Cool]

2022-03-14

$Tiger Brokers(TIGR)$HODL

2022-03-09

$ARK Innovation ETF(ARKK)$looks good

2022-03-09

$Tiger Brokers(TIGR)$to the moon 🚀🚀🚀

2022-03-08

$Tiger Brokers(TIGR)$Go tiger you can do it

2022-02-28

$ARK Innovation ETF(ARKK)$looks bulish

2022-02-25

$ARK Innovation ETF(ARKK)$nice rebound

2022-01-12

$KraneShares CSI China Internet ETF(KWEB)$Nice

2022-01-01

Yup here to stay

DocuSign: COVID Or Not, E-Signature Is Here To Stay

2022-01-01

Nice

Tesla Has Busy New Year’s Eve Plans in Push to Record Deliveries

Go to Tiger App to see more news

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ETF(KWEB)$lets go","images":[{"img":"https://community-static.tradeup.com/news/cc3dd95f2c18c90f24dfd0bcd7e250a1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057313389","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9067070992,"gmtCreate":1652398406016,"gmtModify":1676535091258,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Hopefully the right move","listText":"Hopefully the right move","text":"Hopefully the right move","images":[{"img":"https://community-static.tradeup.com/news/1723a4773695fd687bf5cae112b7471c","width":"825","height":"1290"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9067070992","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9017269703,"gmtCreate":1649778528944,"gmtModify":1676534573726,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Hold all my position and check the progress of the company","listText":"Hold all my position and check the progress of the company","text":"Hold all my position and check the progress of the company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017269703","isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9012060138,"gmtCreate":1649254320765,"gmtModify":1676534478551,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","text":"$Tiger Brokers(TIGR)$HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012060138","isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010408022,"gmtCreate":1648438203705,"gmtModify":1676534337898,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Good news ?https://www.cnbc.com/2022/03/25/treasury-secretary-janet-yellen-sees-no-need-for-china-sanctions-over-russia-war.html","listText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Good news ?https://www.cnbc.com/2022/03/25/treasury-secretary-janet-yellen-sees-no-need-for-china-sanctions-over-russia-war.html","text":"$KraneShares CSI China Internet ETF(KWEB)$Good news ?https://www.cnbc.com/2022/03/25/treasury-secretary-janet-yellen-sees-no-need-for-china-sanctions-over-russia-war.html","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010408022","isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037867356,"gmtCreate":1648080324945,"gmtModify":1676534301015,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just a bit pullback tomorrow will be up again&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just a bit pullback tomorrow will be up again&nbsp;[Miser]&nbsp;","text":"$Tiger Brokers(TIGR)$just a bit pullback tomorrow will be up again [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037867356","isVote":1,"tweetType":1,"viewCount":1050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037182012,"gmtCreate":1648049770086,"gmtModify":1676534297732,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>reach 7","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>reach 7","text":"$Tiger Brokers(TIGR)$reach 7","images":[{"img":"https://community-static.tradeup.com/news/47164edbd621e29b722f05014403f3b9","width":"1080","height":"3525"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037182012","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9037345346,"gmtCreate":1648042374034,"gmtModify":1676534295881,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀","text":"$Tiger Brokers(TIGR)$🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037345346","isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035112645,"gmtCreate":1647533222159,"gmtModify":1676534241714,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point.&nbsp;[Cool]&nbsp;","listText":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point.&nbsp;[Cool]&nbsp;","text":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point. [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035112645","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000487","authorId":"9000000000000487","name":"MaudNelly","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000487","authorIdStr":"9000000000000487"},"content":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them.","text":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them.","html":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032070272,"gmtCreate":1647247949360,"gmtModify":1676534207564,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","text":"$Tiger Brokers(TIGR)$HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032070272","isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038220912,"gmtCreate":1646841002269,"gmtModify":1676534168977,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks good","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks good","text":"$ARK Innovation ETF(ARKK)$looks good","images":[{"img":"https://static.itradeup.com/news/6e3b48de0b6f1a2e89dcb5058555744d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038220912","isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9038623814,"gmtCreate":1646820638876,"gmtModify":1676534166114,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the moon 🚀🚀🚀","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the moon 🚀🚀🚀","text":"$Tiger Brokers(TIGR)$to the moon 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9038623814","isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038375041,"gmtCreate":1646752656771,"gmtModify":1676534158395,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Go tiger you can do it","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Go tiger you can do it","text":"$Tiger Brokers(TIGR)$Go tiger you can do it","images":[{"img":"https://static.itradeup.com/news/84efe64de8e91e45e1e5306a88f34fc2","width":"1080","height":"3525"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038375041","isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9039503907,"gmtCreate":1646063889044,"gmtModify":1676534087178,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks bulish","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks bulish","text":"$ARK Innovation ETF(ARKK)$looks bulish","images":[{"img":"https://static.itradeup.com/news/910bdec06763822fcddf7cb33a712d2c","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039503907","isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9030594742,"gmtCreate":1645751085818,"gmtModify":1676534060538,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>nice rebound","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>nice rebound","text":"$ARK Innovation ETF(ARKK)$nice rebound","images":[{"img":"https://static.itradeup.com/news/4f6e9e82c37a5a141b382d0e76f597be","width":"1080","height":"3501"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030594742","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9002370443,"gmtCreate":1641940343189,"gmtModify":1676533662968,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Nice","listText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Nice","text":"$KraneShares CSI China Internet ETF(KWEB)$Nice","images":[{"img":"https://static.itradeup.com/news/f3bff1077bae49d2f282bd1396d5e82c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002370443","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9003579135,"gmtCreate":1641022798696,"gmtModify":1676533565991,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Yup here to stay","listText":"Yup here to stay","text":"Yup here to stay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003579135","repostId":"1125606718","repostType":4,"repost":{"id":"1125606718","kind":"news","pubTimestamp":1640954649,"share":"https://ttm.financial/m/news/1125606718?lang=&edition=fundamental","pubTime":"2021-12-31 20:44","market":"us","language":"en","title":"DocuSign: COVID Or Not, E-Signature Is Here To Stay","url":"https://stock-news.laohu8.com/highlight/detail?id=1125606718","media":"Seeking Alpha","summary":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatu","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Management missed billings guidance coming into Q3’22, resulting in market reaction.</li><li>E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.</li><li>The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.</li><li>At current prices, only growth of e-signature revenues in the next 5 years is priced in.</li><li>CEO Dan Springer purchased $5M worth of stock after earnings.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e4aeb6a856c1f9be8d691856077329\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p>This article is contributed by Douglas from our Superstocks Seekers team.</p><p><i>[To receive real-time notifications of our latest updates/articles, click the &#34;Follow&#34; button on the left of your screen.]</i></p><p>We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2&#39;22 results. Following its Q3&#39;22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let&#39;s look into the results to assess whether the drop is warranted.</p><p><b>Q3&#39;22 Financials</b></p><p>We will be looking at only subscription revenue as it is the reflection of the strength of DocuSign&#39;s product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving &amp; selling their products.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d44789450f393554fcd235fd3cfd78d8\" tg-width=\"935\" tg-height=\"446\" width=\"100%\" height=\"auto\"/><span>Source: DOCU&#39;s SEC Filings</span></p><p>DocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50155de13c99d996738c7412a818343d\" tg-width=\"888\" tg-height=\"485\" width=\"100%\" height=\"auto\"/><span>Source: DOCU&#39;s SEC Filings</span></p><p>Billings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters&#39; performance. Due to the variety of contractual terms and customer usage patterns, there&#39;s bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.</p><p>However, by just looking at Q3&#39;22 billing YoY growth, it seems to be one of the negative factors affecting investors&#39; confidence. Q3&#39;21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb&#39;s (NASDAQ:ABNB) Q3&#39;20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.</p><p>For Q3&#39;22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.</p><p>Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their &#34;land &amp; expand&#34; strategy.</p><blockquote>We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that&#39;s the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we&#39;ve been growing at such a rate. And we haven&#39;t done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45d1bcb79a78644507925af0132f1237\" tg-width=\"1280\" tg-height=\"519\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p>Despite the slowdown in revenue &amp; billings growth, Net Dollar Retention (&#34;NDR&#34;) rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).</p><p><b>Management Guidance</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a37d6638669dc240d320586aabd975a\" tg-width=\"1161\" tg-height=\"266\" width=\"100%\" height=\"auto\"/><span>Source: Earnings Calls</span></p><p>Management had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4&#39;21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.</p><p><b>COVID Stock?</b></p><p>A mention of &#34;COVID Stocks&#34; brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom&#39;s revenue growth clearly showed how COVID impacted their business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a702a96d104f06d54230b8cc7ef696\" tg-width=\"752\" tg-height=\"452\" width=\"100%\" height=\"auto\"/><span>Source: Zoom&#39;s SEC Filings</span></p><p>Despite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it&#39;s more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can&#39;t provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (&#34;ROI&#34;) for users that have switched.</p><p>Agreement Cloud Progress</p><p>E-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (&#34;CLM&#34;) require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.</p><p>As per CEO Springer during Q1&#39;22 earnings call:</p><blockquote>&#34;Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.</blockquote><p>Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.</p><p><b>Customers&#39; Reviews</b></p><p>The company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.</p><p>One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever&#39;s Global Supply Chain General Counsel:</p><blockquote>And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.</blockquote><p>This validates the whole Agreement Cloud concept, showing that it&#39;s not just a bold vision from the management team.</p><p>In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company&#39;s &#34;land &amp; expand&#34; strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.</p><p>Looking at the reviews from G2.com&amp;Gartner, DocuSign&#39;s e-signature is at a premium pricing above the rest. Despite that, it&#39;s still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/279430e025777ecf2a913e148ab211dd\" tg-width=\"1280\" tg-height=\"642\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p><b>Valuation</b></p><p>Similar to our Q2&#39;22 article, we will use a 5 year Discounted Cash Flow (&#34;DCF&#34;) valuation method to determine a fair value for DocuSign, and bring it back to its present value.</p><p>We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537c128d1b5c973dfbbe82d15aa29330\" tg-width=\"1085\" tg-height=\"648\" width=\"100%\" height=\"auto\"/><span>Source: Author&#39;s estimates with DOCU&#39;s SEC Filings</span></p><p>We derived an intrinsic per-share value of $219. As of 28th Dec&#39;21 closing price at $152, there&#39;s an implied upside of at least 40%.</p><p>Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ce724df4aaa47bd2a9ce56dc3c385fd\" tg-width=\"1088\" tg-height=\"653\" width=\"100%\" height=\"auto\"/><span>Source: Author&#39;s estimates with DOCU&#39;s SEC Filings</span></p><p>The management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.</p><p><b>Insider Buying</b></p><p>Despite the Q3&#39;22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU&#39;s shares after the drop.</p><p><img src=\"https://static.tigerbbs.com/b74319b1acc664e1ff67fff037599170\" tg-width=\"1280\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4e804a595ee217a4e80ef5637ddcb9c\" tg-width=\"1280\" tg-height=\"317\" width=\"100%\" height=\"auto\"/><span>Source: SEC Form 4 7th Dec &amp; 8th Dec</span></p><p>When asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:</p><blockquote>I&#39;m very confident. I&#39;m making a good investment. And as I&#39;ve said openly, if the stock doesn&#39;t react over the coming days, weeks, months and doesn&#39;t get sort of more in line with where I think it should be, I&#39;ll continue to be a buyer.</blockquote><p>As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign&#39;s prospects.</p><p><b>Closing</b></p><p>The pandemic had made e-signature a mission-critical software for businesses to operate in today&#39;s &#34;Anywhere Economy&#34;. DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.</p><p>Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers&#39; workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DocuSign: COVID Or Not, E-Signature Is Here To Stay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDocuSign: COVID Or Not, E-Signature Is Here To Stay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 20:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCU":"Docusign"},"source_url":"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125606718","content_text":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.At current prices, only growth of e-signature revenues in the next 5 years is priced in.CEO Dan Springer purchased $5M worth of stock after earnings.Michael Vi/iStock Editorial via Getty ImagesThis article is contributed by Douglas from our Superstocks Seekers team.[To receive real-time notifications of our latest updates/articles, click the \"Follow\" button on the left of your screen.]We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.Q3'22 FinancialsWe will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.Source: DOCU's SEC FilingsDocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.Source: DOCU's SEC FilingsBillings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their \"land & expand\" strategy.We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.Source: Winter 2021 Investor PresentationDespite the slowdown in revenue & billings growth, Net Dollar Retention (\"NDR\") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).Management GuidanceSource: Earnings CallsManagement had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.COVID Stock?A mention of \"COVID Stocks\" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.Source: Zoom's SEC FilingsDespite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (\"ROI\") for users that have switched.Agreement Cloud ProgressE-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (\"CLM\") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.As per CEO Springer during Q1'22 earnings call:\"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.Customers' ReviewsThe company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's \"land & expand\" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.Source: Winter 2021 Investor PresentationValuationSimilar to our Q2'22 article, we will use a 5 year Discounted Cash Flow (\"DCF\") valuation method to determine a fair value for DocuSign, and bring it back to its present value.We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.Source: Author's estimates with DOCU's SEC FilingsWe derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.Source: Author's estimates with DOCU's SEC FilingsThe management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.Insider BuyingDespite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.Source: SEC Form 4 7th Dec & 8th DecWhen asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.ClosingThe pandemic had made e-signature a mission-critical software for businesses to operate in today's \"Anywhere Economy\". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003579013,"gmtCreate":1641022770052,"gmtModify":1676533565983,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003579013","repostId":"1147004256","repostType":4,"repost":{"id":"1147004256","kind":"news","pubTimestamp":1640956681,"share":"https://ttm.financial/m/news/1147004256?lang=&edition=fundamental","pubTime":"2021-12-31 21:18","market":"us","language":"en","title":"Tesla Has Busy New Year’s Eve Plans in Push to Record Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=1147004256","media":"Bloomberg","summary":"Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc.and Elon Musk may have e","content":"<html><head></head><body><ul><li>Analysts estimate automaker will top third quarter’s 241,300</li><li>Final quarter caps year after hitting $1 trillion milestone</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3260fa26fdef6e72da454b8111bacfa4\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"/><span>Tesla Model YPhotographer: Qilai Shen/Bloomberg</span></p><p>Tesla Inc. and Elon Musk may have extra to celebrate for New Year’s Eve tonight as workers push toward record quarterly deliveries in the waning hours of 2021, capping a remarkable year in which the electric-car company’s market value zoomed past $1 trillion.</p><p>Deliveries are one of the most closely watched metrics at Tesla: They underpin the company’s financial results and are widely seen as a barometer of consumer demand for electric vehicles amid a global shift away from the internal combustion engine. Being at the forefront of that wave helped make Musk, Tesla’s chief executive officer, the world’s richest person this year, with a fortune of about $273 billion.</p><p>The Austin, Texas-based carmaker typically counts sales until midnight on the last day of a quarter, which in this case means New Year’s Eve. On average, a dozen analysts in a Bloomberg survey estimate Tesla may report about 265,000 deliveries -- and more-recent updates, such as a 290,000 prediction last week from Dan Levy of Credit Suisse, suggest the number may skew higher. That’s up from the record 241,300 set in the third quarter.</p><p>Tesla employees typically go all out in the final days of a quarter, with volunteers from local owners clubs dropping by with donuts or volunteering to help. Musk egged them on in one of his many tweets, thanking staff last week for working during the holidays and noting “lots of Tesla cars to deliver before year end!’</p><p>Tesla makes the Models S, X, 3 and Y at its auto plant in Fremont, California. It also produces the Models 3 and Y at a factory near Shanghai, which makes cars for China and Europe. The output from the Asia factory will be crucial to both the delivery figure and the company’s gross margins.</p><p>In 2022, Tesla will open two additional assembly factories -- one in Austin and one in Berlin -- allowing it to manufacture vehicles on three continents and expand production capacity.</p><p>Joseph Spak, an analyst at RBC Capital Markets, expects Tesla to deliver 285,000 units. If he’s right, that would bring Tesla’s total deliveries for the year to roughly 913,000.</p><p>In 2020, the company delivered just shy of half a million vehicles for the year and Tesla has said repeatedly it expects 50% annual growth in deliveries over a multi-year period.</p><p>A strong quarter would show that Tesla is holding up well amid supply-chain turmoil, the highly contagious omicron variant and snowstorms that have clobbered much of the West Coast.</p><p>Musk has said that shortages of semiconductors are crimping production -- going so far as to call out two of the world’s biggest chip suppliers. But it has fared better than other auto makers due in part to efforts by its engineers to rewrite software to adapt to whatever chips they could find for other purposes.</p><p>It could also give a boost to the company’s stock, which has fallen more than 12% from its Nov. 4 closing high as Musk offloaded a big chunk of his stake in the company.</p><p><img src=\"https://static.tigerbbs.com/93f0a8ac44b0e8577f2b1c5103160a8d\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>After a Nov. 6 Twitter poll, in which the CEO asked his followers if he should sell 10% of his holdings and they voted yes, Musk has sold approximately 15.6 million shares. That’s nearly 10% of his stake including exercisable options.</p><p>Even with the recent decline, the stock is still up 52% in 2021.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Has Busy New Year’s Eve Plans in Push to Record Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Has Busy New Year’s Eve Plans in Push to Record Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc. and Elon Musk may have ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147004256","content_text":"Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc. and Elon Musk may have extra to celebrate for New Year’s Eve tonight as workers push toward record quarterly deliveries in the waning hours of 2021, capping a remarkable year in which the electric-car company’s market value zoomed past $1 trillion.Deliveries are one of the most closely watched metrics at Tesla: They underpin the company’s financial results and are widely seen as a barometer of consumer demand for electric vehicles amid a global shift away from the internal combustion engine. Being at the forefront of that wave helped make Musk, Tesla’s chief executive officer, the world’s richest person this year, with a fortune of about $273 billion.The Austin, Texas-based carmaker typically counts sales until midnight on the last day of a quarter, which in this case means New Year’s Eve. On average, a dozen analysts in a Bloomberg survey estimate Tesla may report about 265,000 deliveries -- and more-recent updates, such as a 290,000 prediction last week from Dan Levy of Credit Suisse, suggest the number may skew higher. That’s up from the record 241,300 set in the third quarter.Tesla employees typically go all out in the final days of a quarter, with volunteers from local owners clubs dropping by with donuts or volunteering to help. Musk egged them on in one of his many tweets, thanking staff last week for working during the holidays and noting “lots of Tesla cars to deliver before year end!’Tesla makes the Models S, X, 3 and Y at its auto plant in Fremont, California. It also produces the Models 3 and Y at a factory near Shanghai, which makes cars for China and Europe. The output from the Asia factory will be crucial to both the delivery figure and the company’s gross margins.In 2022, Tesla will open two additional assembly factories -- one in Austin and one in Berlin -- allowing it to manufacture vehicles on three continents and expand production capacity.Joseph Spak, an analyst at RBC Capital Markets, expects Tesla to deliver 285,000 units. If he’s right, that would bring Tesla’s total deliveries for the year to roughly 913,000.In 2020, the company delivered just shy of half a million vehicles for the year and Tesla has said repeatedly it expects 50% annual growth in deliveries over a multi-year period.A strong quarter would show that Tesla is holding up well amid supply-chain turmoil, the highly contagious omicron variant and snowstorms that have clobbered much of the West Coast.Musk has said that shortages of semiconductors are crimping production -- going so far as to call out two of the world’s biggest chip suppliers. But it has fared better than other auto makers due in part to efforts by its engineers to rewrite software to adapt to whatever chips they could find for other purposes.It could also give a boost to the company’s stock, which has fallen more than 12% from its Nov. 4 closing high as Musk offloaded a big chunk of his stake in the company.After a Nov. 6 Twitter poll, in which the CEO asked his followers if he should sell 10% of his holdings and they voted yes, Musk has sold approximately 15.6 million shares. That’s nearly 10% of his stake including exercisable options.Even with the recent decline, the stock is still up 52% in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9038375041,"gmtCreate":1646752656771,"gmtModify":1676534158395,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Go tiger you can do it","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Go tiger you can do it","text":"$Tiger Brokers(TIGR)$Go tiger you can do it","images":[{"img":"https://static.itradeup.com/news/84efe64de8e91e45e1e5306a88f34fc2","width":"1080","height":"3525"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038375041","isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9037867356,"gmtCreate":1648080324945,"gmtModify":1676534301015,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just a bit pullback tomorrow will be up again&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just a bit pullback tomorrow will be up again&nbsp;[Miser]&nbsp;","text":"$Tiger Brokers(TIGR)$just a bit pullback tomorrow will be up again [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037867356","isVote":1,"tweetType":1,"viewCount":1050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037345346,"gmtCreate":1648042374034,"gmtModify":1676534295881,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀","text":"$Tiger Brokers(TIGR)$🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037345346","isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037182012,"gmtCreate":1648049770086,"gmtModify":1676534297732,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>reach 7","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>reach 7","text":"$Tiger Brokers(TIGR)$reach 7","images":[{"img":"https://community-static.tradeup.com/news/47164edbd621e29b722f05014403f3b9","width":"1080","height":"3525"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037182012","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9035112645,"gmtCreate":1647533222159,"gmtModify":1676534241714,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point.&nbsp;[Cool]&nbsp;","listText":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point.&nbsp;[Cool]&nbsp;","text":"I think the chinese stocks currently might have already bottomed.I think it might be volatile in the next few weeks or months. It is important to do not use leverage if we want to buy these stocks.However with China continue to grow with this cheap price, i am still pretty bullish with long term prospect.I will continue to hoLd if it is come back to the lowest point. [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035112645","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000487","authorId":"9000000000000487","name":"MaudNelly","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000487","authorIdStr":"9000000000000487"},"content":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them.","text":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them.","html":"Same with you. I will go on holding chinese stocks even there are full of factors which could not make sure on them."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038623814,"gmtCreate":1646820638876,"gmtModify":1676534166114,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the moon 🚀🚀🚀","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the moon 🚀🚀🚀","text":"$Tiger Brokers(TIGR)$to the moon 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9038623814","isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9012060138,"gmtCreate":1649254320765,"gmtModify":1676534478551,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","text":"$Tiger Brokers(TIGR)$HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012060138","isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032070272,"gmtCreate":1647247949360,"gmtModify":1676534207564,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>HODL","text":"$Tiger Brokers(TIGR)$HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032070272","isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038220912,"gmtCreate":1646841002269,"gmtModify":1676534168977,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks good","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks good","text":"$ARK Innovation ETF(ARKK)$looks good","images":[{"img":"https://static.itradeup.com/news/6e3b48de0b6f1a2e89dcb5058555744d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038220912","isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9030594742,"gmtCreate":1645751085818,"gmtModify":1676534060538,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>nice rebound","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>nice rebound","text":"$ARK Innovation ETF(ARKK)$nice rebound","images":[{"img":"https://static.itradeup.com/news/4f6e9e82c37a5a141b382d0e76f597be","width":"1080","height":"3501"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030594742","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9039503907,"gmtCreate":1646063889044,"gmtModify":1676534087178,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks bulish","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looks bulish","text":"$ARK Innovation ETF(ARKK)$looks bulish","images":[{"img":"https://static.itradeup.com/news/910bdec06763822fcddf7cb33a712d2c","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039503907","isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9002370443,"gmtCreate":1641940343189,"gmtModify":1676533662968,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Nice","listText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Nice","text":"$KraneShares CSI China Internet ETF(KWEB)$Nice","images":[{"img":"https://static.itradeup.com/news/f3bff1077bae49d2f282bd1396d5e82c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002370443","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9003579135,"gmtCreate":1641022798696,"gmtModify":1676533565991,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Yup here to stay","listText":"Yup here to stay","text":"Yup here to stay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003579135","repostId":"1125606718","repostType":4,"repost":{"id":"1125606718","kind":"news","pubTimestamp":1640954649,"share":"https://ttm.financial/m/news/1125606718?lang=&edition=fundamental","pubTime":"2021-12-31 20:44","market":"us","language":"en","title":"DocuSign: COVID Or Not, E-Signature Is Here To Stay","url":"https://stock-news.laohu8.com/highlight/detail?id=1125606718","media":"Seeking Alpha","summary":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatu","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Management missed billings guidance coming into Q3’22, resulting in market reaction.</li><li>E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.</li><li>The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.</li><li>At current prices, only growth of e-signature revenues in the next 5 years is priced in.</li><li>CEO Dan Springer purchased $5M worth of stock after earnings.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e4aeb6a856c1f9be8d691856077329\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p>This article is contributed by Douglas from our Superstocks Seekers team.</p><p><i>[To receive real-time notifications of our latest updates/articles, click the &#34;Follow&#34; button on the left of your screen.]</i></p><p>We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2&#39;22 results. Following its Q3&#39;22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let&#39;s look into the results to assess whether the drop is warranted.</p><p><b>Q3&#39;22 Financials</b></p><p>We will be looking at only subscription revenue as it is the reflection of the strength of DocuSign&#39;s product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving &amp; selling their products.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d44789450f393554fcd235fd3cfd78d8\" tg-width=\"935\" tg-height=\"446\" width=\"100%\" height=\"auto\"/><span>Source: DOCU&#39;s SEC Filings</span></p><p>DocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50155de13c99d996738c7412a818343d\" tg-width=\"888\" tg-height=\"485\" width=\"100%\" height=\"auto\"/><span>Source: DOCU&#39;s SEC Filings</span></p><p>Billings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters&#39; performance. Due to the variety of contractual terms and customer usage patterns, there&#39;s bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.</p><p>However, by just looking at Q3&#39;22 billing YoY growth, it seems to be one of the negative factors affecting investors&#39; confidence. Q3&#39;21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb&#39;s (NASDAQ:ABNB) Q3&#39;20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.</p><p>For Q3&#39;22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.</p><p>Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their &#34;land &amp; expand&#34; strategy.</p><blockquote>We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that&#39;s the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we&#39;ve been growing at such a rate. And we haven&#39;t done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45d1bcb79a78644507925af0132f1237\" tg-width=\"1280\" tg-height=\"519\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p>Despite the slowdown in revenue &amp; billings growth, Net Dollar Retention (&#34;NDR&#34;) rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).</p><p><b>Management Guidance</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a37d6638669dc240d320586aabd975a\" tg-width=\"1161\" tg-height=\"266\" width=\"100%\" height=\"auto\"/><span>Source: Earnings Calls</span></p><p>Management had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4&#39;21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.</p><p><b>COVID Stock?</b></p><p>A mention of &#34;COVID Stocks&#34; brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom&#39;s revenue growth clearly showed how COVID impacted their business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a702a96d104f06d54230b8cc7ef696\" tg-width=\"752\" tg-height=\"452\" width=\"100%\" height=\"auto\"/><span>Source: Zoom&#39;s SEC Filings</span></p><p>Despite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it&#39;s more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can&#39;t provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (&#34;ROI&#34;) for users that have switched.</p><p>Agreement Cloud Progress</p><p>E-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (&#34;CLM&#34;) require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.</p><p>As per CEO Springer during Q1&#39;22 earnings call:</p><blockquote>&#34;Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.</blockquote><p>Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.</p><p><b>Customers&#39; Reviews</b></p><p>The company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.</p><p>One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever&#39;s Global Supply Chain General Counsel:</p><blockquote>And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.</blockquote><p>This validates the whole Agreement Cloud concept, showing that it&#39;s not just a bold vision from the management team.</p><p>In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company&#39;s &#34;land &amp; expand&#34; strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.</p><p>Looking at the reviews from G2.com&amp;Gartner, DocuSign&#39;s e-signature is at a premium pricing above the rest. Despite that, it&#39;s still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/279430e025777ecf2a913e148ab211dd\" tg-width=\"1280\" tg-height=\"642\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p><b>Valuation</b></p><p>Similar to our Q2&#39;22 article, we will use a 5 year Discounted Cash Flow (&#34;DCF&#34;) valuation method to determine a fair value for DocuSign, and bring it back to its present value.</p><p>We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537c128d1b5c973dfbbe82d15aa29330\" tg-width=\"1085\" tg-height=\"648\" width=\"100%\" height=\"auto\"/><span>Source: Author&#39;s estimates with DOCU&#39;s SEC Filings</span></p><p>We derived an intrinsic per-share value of $219. As of 28th Dec&#39;21 closing price at $152, there&#39;s an implied upside of at least 40%.</p><p>Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ce724df4aaa47bd2a9ce56dc3c385fd\" tg-width=\"1088\" tg-height=\"653\" width=\"100%\" height=\"auto\"/><span>Source: Author&#39;s estimates with DOCU&#39;s SEC Filings</span></p><p>The management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.</p><p><b>Insider Buying</b></p><p>Despite the Q3&#39;22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU&#39;s shares after the drop.</p><p><img src=\"https://static.tigerbbs.com/b74319b1acc664e1ff67fff037599170\" tg-width=\"1280\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4e804a595ee217a4e80ef5637ddcb9c\" tg-width=\"1280\" tg-height=\"317\" width=\"100%\" height=\"auto\"/><span>Source: SEC Form 4 7th Dec &amp; 8th Dec</span></p><p>When asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:</p><blockquote>I&#39;m very confident. I&#39;m making a good investment. And as I&#39;ve said openly, if the stock doesn&#39;t react over the coming days, weeks, months and doesn&#39;t get sort of more in line with where I think it should be, I&#39;ll continue to be a buyer.</blockquote><p>As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign&#39;s prospects.</p><p><b>Closing</b></p><p>The pandemic had made e-signature a mission-critical software for businesses to operate in today&#39;s &#34;Anywhere Economy&#34;. DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.</p><p>Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers&#39; workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DocuSign: COVID Or Not, E-Signature Is Here To Stay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDocuSign: COVID Or Not, E-Signature Is Here To Stay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 20:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCU":"Docusign"},"source_url":"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125606718","content_text":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.At current prices, only growth of e-signature revenues in the next 5 years is priced in.CEO Dan Springer purchased $5M worth of stock after earnings.Michael Vi/iStock Editorial via Getty ImagesThis article is contributed by Douglas from our Superstocks Seekers team.[To receive real-time notifications of our latest updates/articles, click the \"Follow\" button on the left of your screen.]We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.Q3'22 FinancialsWe will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.Source: DOCU's SEC FilingsDocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.Source: DOCU's SEC FilingsBillings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their \"land & expand\" strategy.We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.Source: Winter 2021 Investor PresentationDespite the slowdown in revenue & billings growth, Net Dollar Retention (\"NDR\") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).Management GuidanceSource: Earnings CallsManagement had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.COVID Stock?A mention of \"COVID Stocks\" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.Source: Zoom's SEC FilingsDespite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (\"ROI\") for users that have switched.Agreement Cloud ProgressE-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (\"CLM\") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.As per CEO Springer during Q1'22 earnings call:\"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.Customers' ReviewsThe company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's \"land & expand\" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.Source: Winter 2021 Investor PresentationValuationSimilar to our Q2'22 article, we will use a 5 year Discounted Cash Flow (\"DCF\") valuation method to determine a fair value for DocuSign, and bring it back to its present value.We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.Source: Author's estimates with DOCU's SEC FilingsWe derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.Source: Author's estimates with DOCU's SEC FilingsThe management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.Insider BuyingDespite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.Source: SEC Form 4 7th Dec & 8th DecWhen asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.ClosingThe pandemic had made e-signature a mission-critical software for businesses to operate in today's \"Anywhere Economy\". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075136995,"gmtCreate":1658159033618,"gmtModify":1676536114404,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looking good hope it can continue the momentum","listText":"<a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>looking good hope it can continue the momentum","text":"$ARK Innovation ETF(ARKK)$looking good hope it can continue the 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ETF(KWEB)$lets go","images":[{"img":"https://community-static.tradeup.com/news/cc3dd95f2c18c90f24dfd0bcd7e250a1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057313389","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9010408022,"gmtCreate":1648438203705,"gmtModify":1676534337898,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Good news 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ETF(ARKK)$up","images":[{"img":"https://community-static.tradeup.com/news/4b80a641c9a7e21a55d90fe52a57dd95","width":"1080","height":"1741"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070160179","isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9067070992,"gmtCreate":1652398406016,"gmtModify":1676535091258,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Hopefully the right move","listText":"Hopefully the right move","text":"Hopefully the right 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company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017269703","isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003579013,"gmtCreate":1641022770052,"gmtModify":1676533565983,"author":{"id":"3586468247865675","authorId":"3586468247865675","name":"Ronz","avatar":"https://static.tigerbbs.com/3e4fa3c1bb04704b753ae45fa2d4616c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586468247865675","authorIdStr":"3586468247865675"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003579013","repostId":"1147004256","repostType":4,"repost":{"id":"1147004256","kind":"news","pubTimestamp":1640956681,"share":"https://ttm.financial/m/news/1147004256?lang=&edition=fundamental","pubTime":"2021-12-31 21:18","market":"us","language":"en","title":"Tesla Has Busy New Year’s Eve Plans in Push to Record Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=1147004256","media":"Bloomberg","summary":"Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc.and Elon Musk may have e","content":"<html><head></head><body><ul><li>Analysts estimate automaker will top third quarter’s 241,300</li><li>Final quarter caps year after hitting $1 trillion milestone</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3260fa26fdef6e72da454b8111bacfa4\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"/><span>Tesla Model YPhotographer: Qilai Shen/Bloomberg</span></p><p>Tesla Inc. and Elon Musk may have extra to celebrate for New Year’s Eve tonight as workers push toward record quarterly deliveries in the waning hours of 2021, capping a remarkable year in which the electric-car company’s market value zoomed past $1 trillion.</p><p>Deliveries are one of the most closely watched metrics at Tesla: They underpin the company’s financial results and are widely seen as a barometer of consumer demand for electric vehicles amid a global shift away from the internal combustion engine. Being at the forefront of that wave helped make Musk, Tesla’s chief executive officer, the world’s richest person this year, with a fortune of about $273 billion.</p><p>The Austin, Texas-based carmaker typically counts sales until midnight on the last day of a quarter, which in this case means New Year’s Eve. On average, a dozen analysts in a Bloomberg survey estimate Tesla may report about 265,000 deliveries -- and more-recent updates, such as a 290,000 prediction last week from Dan Levy of Credit Suisse, suggest the number may skew higher. That’s up from the record 241,300 set in the third quarter.</p><p>Tesla employees typically go all out in the final days of a quarter, with volunteers from local owners clubs dropping by with donuts or volunteering to help. Musk egged them on in one of his many tweets, thanking staff last week for working during the holidays and noting “lots of Tesla cars to deliver before year end!’</p><p>Tesla makes the Models S, X, 3 and Y at its auto plant in Fremont, California. It also produces the Models 3 and Y at a factory near Shanghai, which makes cars for China and Europe. The output from the Asia factory will be crucial to both the delivery figure and the company’s gross margins.</p><p>In 2022, Tesla will open two additional assembly factories -- one in Austin and one in Berlin -- allowing it to manufacture vehicles on three continents and expand production capacity.</p><p>Joseph Spak, an analyst at RBC Capital Markets, expects Tesla to deliver 285,000 units. If he’s right, that would bring Tesla’s total deliveries for the year to roughly 913,000.</p><p>In 2020, the company delivered just shy of half a million vehicles for the year and Tesla has said repeatedly it expects 50% annual growth in deliveries over a multi-year period.</p><p>A strong quarter would show that Tesla is holding up well amid supply-chain turmoil, the highly contagious omicron variant and snowstorms that have clobbered much of the West Coast.</p><p>Musk has said that shortages of semiconductors are crimping production -- going so far as to call out two of the world’s biggest chip suppliers. But it has fared better than other auto makers due in part to efforts by its engineers to rewrite software to adapt to whatever chips they could find for other purposes.</p><p>It could also give a boost to the company’s stock, which has fallen more than 12% from its Nov. 4 closing high as Musk offloaded a big chunk of his stake in the company.</p><p><img src=\"https://static.tigerbbs.com/93f0a8ac44b0e8577f2b1c5103160a8d\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>After a Nov. 6 Twitter poll, in which the CEO asked his followers if he should sell 10% of his holdings and they voted yes, Musk has sold approximately 15.6 million shares. That’s nearly 10% of his stake including exercisable options.</p><p>Even with the recent decline, the stock is still up 52% in 2021.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Has Busy New Year’s Eve Plans in Push to Record Deliveries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Has Busy New Year’s Eve Plans in Push to Record Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc. and Elon Musk may have ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-31/tesla-has-busy-new-year-s-eve-plans-in-push-to-record-deliveries?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147004256","content_text":"Analysts estimate automaker will top third quarter’s 241,300Final quarter caps year after hitting $1 trillion milestoneTesla Model YPhotographer: Qilai Shen/BloombergTesla Inc. and Elon Musk may have extra to celebrate for New Year’s Eve tonight as workers push toward record quarterly deliveries in the waning hours of 2021, capping a remarkable year in which the electric-car company’s market value zoomed past $1 trillion.Deliveries are one of the most closely watched metrics at Tesla: They underpin the company’s financial results and are widely seen as a barometer of consumer demand for electric vehicles amid a global shift away from the internal combustion engine. Being at the forefront of that wave helped make Musk, Tesla’s chief executive officer, the world’s richest person this year, with a fortune of about $273 billion.The Austin, Texas-based carmaker typically counts sales until midnight on the last day of a quarter, which in this case means New Year’s Eve. On average, a dozen analysts in a Bloomberg survey estimate Tesla may report about 265,000 deliveries -- and more-recent updates, such as a 290,000 prediction last week from Dan Levy of Credit Suisse, suggest the number may skew higher. That’s up from the record 241,300 set in the third quarter.Tesla employees typically go all out in the final days of a quarter, with volunteers from local owners clubs dropping by with donuts or volunteering to help. Musk egged them on in one of his many tweets, thanking staff last week for working during the holidays and noting “lots of Tesla cars to deliver before year end!’Tesla makes the Models S, X, 3 and Y at its auto plant in Fremont, California. It also produces the Models 3 and Y at a factory near Shanghai, which makes cars for China and Europe. The output from the Asia factory will be crucial to both the delivery figure and the company’s gross margins.In 2022, Tesla will open two additional assembly factories -- one in Austin and one in Berlin -- allowing it to manufacture vehicles on three continents and expand production capacity.Joseph Spak, an analyst at RBC Capital Markets, expects Tesla to deliver 285,000 units. If he’s right, that would bring Tesla’s total deliveries for the year to roughly 913,000.In 2020, the company delivered just shy of half a million vehicles for the year and Tesla has said repeatedly it expects 50% annual growth in deliveries over a multi-year period.A strong quarter would show that Tesla is holding up well amid supply-chain turmoil, the highly contagious omicron variant and snowstorms that have clobbered much of the West Coast.Musk has said that shortages of semiconductors are crimping production -- going so far as to call out two of the world’s biggest chip suppliers. But it has fared better than other auto makers due in part to efforts by its engineers to rewrite software to adapt to whatever chips they could find for other purposes.It could also give a boost to the company’s stock, which has fallen more than 12% from its Nov. 4 closing high as Musk offloaded a big chunk of his stake in the company.After a Nov. 6 Twitter poll, in which the CEO asked his followers if he should sell 10% of his holdings and they voted yes, Musk has sold approximately 15.6 million shares. That’s nearly 10% of his stake including exercisable options.Even with the recent decline, the stock is still up 52% in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}