DocuSign’s stock (NASDAQ:DOCU) week got off to a rousing start on Monday, with the company’s shares rising over 5%. The online document security expert was again named a top contract firm in the contracts industry.
Market Evaluation of DocuSign stock
DocuSign stated on Monday that it was recognized as a leader in this year’s Magic Quadrant for Contract Lifestyle Management (CLM), an annual review from respected industry research firm Gartner.
CLM is a formal word for the duration of a contract, from its inception through its completion and (if appropriate) renewal.
Gartner’s designation of DocuSign as the CLM leader is nothing new. The latter firm did not hesitate to remind us that it has received the distinction for the third year in a row. Out of the 18 organizations evaluated in the analysis, the researcher chose five contract management services suppliers as leaders.
Gartner defines industry leaders as organizations that “show a market-defining perspective for how CLM technology may assist companies in accomplishing the business goals of managing compliance and minimizing process bottlenecks.”
“Leaders have shown business outcomes in the form of revenue and profitability and can execute on that goal via goods and services,” the firm noted.
So, What Next for DocuSign Stock?
DocuSign stock (NASDAQ:DOCU) urgently needs excellent news and favorable PR. The company’s stock has taken a beating due to the broad tech market sell-off that has been going on for months. This is unlikely to impact DocuSign stock (NASDAQ:DOCU) significantly in the medium to long run, but it does contribute to the company’s overall positive image.
Featured Image – Megapixl © Mohammedsoliman4
Author Okoro Chinedu 
