呢篇寫得好詳細,超過2500字
唔知平時大家多唔多用電子簽名(electronic signature)? 🧐 我自己就經常用到。
舉個例子,平時大家簽電話/上網合約時都是已經用e sign居多,好小再見到實體合約簽署,加上經歷完疫情後e sign未來的趨勢會變得越來越普遍化。
今篇的主角就是全球電子簽名市場(約250億美元市場規模)的龍頭 – #DocuSign
DocuSign在2018年上市,約佔有全球電子簽名市場70%的份額,而其競爭對手,Adobe (ADBE)、HelloSign和PandaDoc等公司僅佔據剩餘市場的一小部分。
📌DocuSign有咩競爭優勢?
若單是電子簽名,其實其他公司有可能對DocuSign構成威脅,所以核心在於怎麼為顧客提升價值,而CLM(Contract lifecycle management)就是關鍵一役。預計CLM將成為許多工作中間不可或缺的一部分,雖然它才剛剛起步,但DocuSign已經發力並具備綜合、創新和信任的優勢。
根據IT研究公司Gartner(IT.US),DocuSign是CLM中僅有的四家領導者之一,而其競爭對手(Icertis、Agiloft 和Conga)都是規模較小的私營公司,其客戶群要小得多。
📌DocuSign客戶群基數雖大但增速作很快
DocuSign客戶群基數大且增速快。21年客戶群達到89.2萬個,11年複合增長率達到42%。未通過DocuSign自有管道獲得的客戶,增長速度更加快,11年複合增長率達到54%,意味著DocuSign的客戶群來源擴大並將保持量的增長。
✅詳細全文分析如Q2業績表現、估值及技術分析在Patreon, 歡迎訂閱觀看:
https://www.patreon.com/posts/56618531
同時也有1479部Youtube影片,追蹤數超過18萬的網紅TeTae Rock You,也在其Youtube影片中提到,Shark TR - 1 Tetae Rock You Signature . ** Specification *** . - Head: Shark Fin Great - Machin Head : Gotoh Japan - Nut : Bone Hand sanding - Neck :...
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electronic signature 在 貓的成長美股異想世界 Facebook 的最佳解答
🌻Docusign(DOCU), Crowdstrike(CRWD)財報結果
上週這兩家公司發表財報了.
這兩天看了一下他們的財報結果. Again, 兩家的表現都很好, 但發現分析師給DOCU的調價(往上)幅度比較多, 就好奇研究了一下SaaS公司是怎麼被估值的. 有興趣的話可以看看(從中學習到很多. 非常推薦一讀):
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post.html
(By the way, 分析師對CRWD的價格調幅沒那麼大, 主因是成長趨緩了. 而DOCU的free cash flow佔營收比, 以及顧客黏著力在這季創了新高, 是讓分析師按讚的幾個原因).
關於CRWD: "The Street is already modeling revenue growth deceleration in 2022 to 36%, down from 60% expected in 2021, which on its own might prove a hurdle for a stock already trading at a high multiple," said Bank of America analyst Tal Liani in a report.
分析師對於DOCU的評價:
• 11位buy; 給的價格分別是: $310, $320 (x2), $330 (x2), $340 (x2), $345, $350, $350, $389
• 給Buy的分析師的評語:
o Baird: The analyst continues to view them as a best in class way to play digital transformation trends with strong growth, cash flow and profitability, and a strong competitive position. Power said DocuSign remains one of his top long-term compounding growth ideas.
o Citi: While slightly shy of the double-digit billings beat in recent quarters, DocuSign still delivered a solid 8% beat to Q2 billings, which grew 47% year-over-year, Radke tells investors in a research note.
o Evercore ISI: he calls "another strong quarter." While some may have wanted to see more aggressive Q3 billings guidance, he believes estimates "continue to leave room for upside," Materne said.
o JMP Securities: While revenue growth decelerated to 50% from 58% in Q1, the company is the clear leader in electronic signature and the broader system of agreement having crossed over 1M customers with a $2B run rate this quarter, the analyst tells investors in a research note, adding that he sees lots of room for growth as DocuSign targets a $50B total addressable market.
o Needham: The analyst commented, "Docusign reported another strong quarter in 2QF22 with typical DOCU upside to revenue and profitability. Sales metrics and growth decelerated Q/Q, as we expected against a massive pandemic quarter, but at a much slower rate than we believe much of the Street was anticipating. 65k net new customers was lower than the 70k - 90 range of CY20 but was still more than 2x greater than any pre-pandemic quarter, highlighting a strong end-market driving 47% billings growth against a strong comp. Commentary on incremental Agreement Cloud demand was positive, suggesting an additional growth tailwind combined with solid international can further aid 2HF22. Although DOCU shares could be lower near-term due to weak 2H OpMg guidance, we think this guidance is conservative, as the recent OM was greater than the pre-pandemic level even with tough comps."
o RBC Capital: The quarter highlighted the sustainability of the company's tailwinds post-pandemic as most of its underlying metrics such as billings and net revenue retention were solid, the analyst tells investors in a research note, adding that the traction with CLM and Notary was also "impressive".
分析師對於CRWD的評價:
• 12位buy; 給的價格分別是: $300, $310 (x2), $313, $315 (x2) , $305, $320, $325, $330 (x2), $340
• 1位給hold: $280 (from $220 by J.P. Morgan(same))
• 給Buy的分析師的評語:
o Baird: The analyst believes the company has significant room for growth with core modules, opportunities with Humio and in cloud workload security, among others, should help drive a continuation of strong growth over a long time horizon.
o BTIG: The company's "strong" Q2 results "cleared every hurdle", even though the buy-side benchmarks may have been slightly higher, the analyst tells investors in a research note. Powell adds that Crowdstrike is clearly gaining share in its core endpoint security target market at a rapid pace and gaining traction with new products across multiple categories.
o Canaccord: The analyst said the stock is down from its recent highs, and he thinks the re-rating creates a more favorable entry point for longer-oriented investors for a foundational security name. He views Crowdstrike as a long-term secular winner in security due to its native cloud platform advantage versus closely held peers in endpoint security combined with platform expansion into tangential segments to capture greater share of security budgets.
o Goldman Sachs: CrowdStrike last night delivered "another beat and raise quarter as the company benefited from another quarter of elevated demand," Essex said. But it traded lower following net new annual recurring revenue growth guidance that was slightly less than investors had hoped for. Essex, nonetheless, said the quarter demonstrated CrowdStrike's "ability to continue to go down market efficiently."
o JMP Securities: The analyst notes the company's Q2 annualized recurring revenue of $1.34B topping his estimate of $1.30B, with "sustained" 70% ARR and revenue growth along with margin upside seen as key highlights for the quarter. Suppiger adds that the metrics reflect Crowdstrike's "strong execution and robust demand environment".
o Mizuho: "very good" fiscal Q2 results. The annual recurring revenue growth of 70% year-over-year "was strong and still nicely surpassed" the Street's 65%-66% estimate, Moskowitz tells investors in a research note. He believes "strong execution can propel" Crowdstrike's stock higher.
o Piper Sandler: The company's metrics "outperformed across the board" in Q2 with 70% annual recurring revenue and revenue growth and record net new customer adds in the quarter, Owens tells investors in a research note.
o RBC Capital: Hedberg adds that CrowdStrike's record pipeline entering Q3 should continue to fuel the company's "land-and-expand" momentum.
o Stifel: Q2 results that he said "exceeded consensus estimates across all major financial metrics." He continues to believe that Crowdstrike's growth opportunity "remains in the early days" despite the company's scale given continued share capture within its core endpoint security market and incremental module adoption on the Falcon Platform, Reback tells investors.
o UBS: the company reported "pretty good" Q2 results against high expectations.
🌻趨勢: 跨境電商 Cross-border commerce
Morgan Stanley:
From our perspective, we think many are underestimating what the cross-border eCommerce demand could ultimately be, once key friction points like FX rates, tax and duties, shipping, language, etc are smoothed—all issues that Global-E directly addresses.
Cross-border ecommerce brings new, high-yield volume: We think elevated levels of cross-border ecommerce (ex-travel) is a structural shift thathas yet to be fully contemplated in MA (and V)'s long-term forecasts. MA's cross-border CNP ex-travel volume was 69% above 2019's level in 2Q and 63% higher in 1Q. Strength reflects both broader ecommerce adoption plus globalization of commerce, as marketplaces and services that reduce cross-border friction (such as those from GLBE) make international online ordering more readily adopted. Early data at V suggests greater cross-border ecommerce spend is persisting even in areas with pre-pandemic levels of international travel. Cross-border transactions also come at a higher yield, making us more optimistic that the trend can bring incremental long-term growth to the networks.
產業的潮流是有連貫性的. 疫情讓電商更發達後, 接下來應該就是加速電商跨境了. 跨境的話, 有很多問題需要解決(稅率, 語言, etc.) 這就需要有公司來做整合的動作. 這種跨境, 也可以想像是omnichannel的一種呈現.
Harley Finkelstein (President of Shopify): "I mean I think commerce in 2021 is cross-border."
🌻SPAC熱潮退卻,初創市值蒸發750億美元
"SPAC熱潮已經退卻。分析顯示,在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%,市值回落幅度上個月一度超過1,000億美元。"
"像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金,以及許多對沖基金、養老金管理公司和其他一些投資者,都在SPAC的回落中遭受了衝擊,他們在去年年底開始的熱潮中競相投資SPAC。其中許多基金由於在價格還很低的時候就早早入場,所以現在仍坐擁可觀收益。事實上,SPAC市值仍有約2,500億美元,高於一年前的約1,000億美元,反映出這期間股價上漲和新公司上市的影響。
但即便如此,今年年初令人炫目的回報還是讓許多後來者做了接盤俠,扎堆投資所謂穩賺不賠的領域,其永恆的風險可見一斑。在過去的幾個月裡,一些投資者眼睜睜看著帳面財富縮水。"
"股價下跌會在SPAC領域形成惡性循環,因為投資者有權在併購交易前從空白支票公司撤資。一旦SPAC跌破發行價,投資者就更有可能這樣做,而許多SPAC的股價現在正處於這樣的水平。目前,在尚未宣布併購交易的空白支票公司中,超過95%的公司股價低於發行價。
投資者的大規模撤資會讓已經上市的空白支票公司手上的現金大幅減少,讓其更難實現業務目標,並可能加劇股價跌勢。"
https://on.wsj.com/3n6JznC
🌻BNPL (buy now pay later)
But most BNPL providers including Affirm, Klarna and Afterpay have been losing money despite breakneck revenue growth as they invest heavily in marketing to win share. Sweden-based Klarna’s credit losses more than doubled in the second quarter. Affirm has projected adjusted operating losses of $50m-$55m for the fiscal year that ended June 30.
The path to profitability for many of these companies was to achieve massive scale, analysts said.
https://www.ft.com/content/ca201a37-a16d-4223-b123-04d38350a972
Pictures: 一葉知秋; from EarningsWhispers
electronic signature 在 TeTae Rock You Facebook 的精選貼文
Shark TR-1 Tetae Rock You Signature
สร้างปรากฎการณ์จองเต็มในวันเดียว กับคลิปเปิดตัวสินค้า EP.1
.
** Specification ***
- Head: Shark Fin Great
- Machin Head : Gotoh Japan
- Nut : Bone Hand sanding
- Neck : Maple ย้อมสีเหลือง vintage classic เคลือบเงาด้านบน,ล่าง ตรงกลางหลังคอเคลือบด้านพร้อมปรับแต่งผิวให้เล่นง่ายแม้มีเหงื่อที่มือ
- Finger board : Maple สีธรรมชาติ เคลือบบาง
- Fret : 22 fret , Dunlop USA. Nickle Jumbo
- Radius Finger board : 12 "
- Body : Alder
- Color : Cherry Sunburst,/Black,/Sunburst
- Bridge : WilkinSun Chome
* Electronic
- Pickup : S-S-H
Neck PU: Shark custom wire
Middle PU: Shark Custom wire
Bridge PU: Shark Custom wire
- Switch : 5 way Fender USA.
- Control : Volume 1
Tone 1 for neck pu.
Tone 2 for mid/bridge pu.
- Mini Sw : Short Wave bottom
Sun bright bottom
Mix
- Spilt Coil push/pull (Tone2)
.................................................
** การประกัน หลังการขาย Shark **
- คืนตัวกีตาร์ได้ภายใน 5 วัน(สภาพเดิม)หากไม่ประทับใจในงานและเสียง
- ประกัน 2 ปี วงจรในห้องเครื่อง
- ประกัน 1 ปี pot/selecter/all switch
- setup free ใน 1 ปี ไม่เกิน2ครั้ง
** ปล.หากสติกเกอร์วอยโปรเทคถูกแกะออกไปการประกันทุกอย่างจะสิ้นสุดทันที
.
* Shark Guitar : TR-1 : 16,800 บาท
โดย ตุ๋ย มิวสิค Shark Thailand
0869040022 call/Line id
electronic signature 在 TeTae Rock You Youtube 的最佳解答
Shark TR - 1 Tetae Rock You Signature
.
** Specification ***
.
- Head: Shark Fin Great
- Machin Head : Gotoh Japan
- Nut : Bone Hand sanding
- Neck : Maple ย้อมสีเหลืองvintage classic เคลือบเงาด้านบน,ล่าง ตรงกลางหลังคอเคลือบด้านพร้อมปรับแต่งผิวให้เล่นง่ายแม้มีเหงื่อที่มือ
- Finger board : Maple สีธรรมชาติ เคลือบบาง
- Fret : 22 fret , Dunlop USA. Nickle Jumbo
- Radius Finger board : 12 "
- Body : Alder
- Color : Cherry Sunburst,/Black,/Sunburst
- Bridge : WilkinSun Chome
* Electronic
- Pickup : S-S-H
Neck PU: Shark custom wire
Middle PU: Shark Custom wire
Bridge PU: Shark Custom wire
- Switch : 5 way Fender USA.
- Control : Volume 1
Tone 1 for neck pu.
Tone 2 for mid/bridge pu.
- Mini Sw : Short Wave bottom
Sun bright bottom
Mix
- Spilt Coil push/pull (Tone2)
.................................................
** การประกัน หลังการขาย Shark **
- คืนตัวกีตาร์ได้ภายใน 5 วัน(สภาพเดิม)หากไม่ประทับใจในงานและเสียง
- ประกัน 2 ปี วงจรในห้องเครื่อง
- ประกัน 1 ปี pot/selecter/all switch
- setup free ใน 1 ปี ไม่เกิน2ครั้ง
** ปล.หากสติกเกอร์วอยโปรเทคถูกแกะออกไปการประกันทุกอย่างจะสิ้นสุดทันที
.
Face Page https://web.facebook.com/TeTaeRockYou
Facebook https://www.facebook.com/tetaeteerawat
IG https://www.instagram.com/tetaerockyou/
ติดต่องานแสดง line ID : tetaerock
For work please contact
tetaerockyou@gmail.com
You can support me
ช่องทางการสนับสนุน
ธนาคาร ไทยพาณิช [ SCB ]
นายธีรวัฒน์ ปุณยประยูร
4057577280
^^ ฝาก Subscribe เพื่อติดตามคลิปใหม่ๆนะครับ ^^
#ทำกีต้าร์
electronic signature 在 TeTae Rock You Youtube 的最讚貼文
* Shark Guitar : TR-1 : 16,800 บาท
โดย ตุ๋ย มิวสิค Shark Thailand
0869040022 call/Line id
** Specification ***
- Head: Shark Fin Great
- Machin Head : Gotoh Japan
- Nut : Bone Hand sanding
- Neck : Maple ย้อมสีเหลืองvintage classic เคลือบเงาด้านบน,ล่าง ตรงกลางหลังคอเคลือบด้านพร้อมปรับแต่งผิวให้เล่นง่ายแม้มีเหงื่อที่มือ
- Finger board : Maple สีธรรมชาติ เคลือบบาง
- Fret : 22 fret , Dunlop USA. Nickle Jumbo
- Radius Finger board : 12 "
- Body : Alder
- Color : Cherry Sunburst,/Black,/Sunburst
- Bridge : WilkinSun Chome
* Electronic
- Pickup : S-S-H
Neck PU: Shark custom wire
Middle PU: Shark Custom wire
Bridge PU: Shark Custom wire
- Switch : 5 way Fender USA.
- Control : Volume 1
Tone 1 for neck pu.
Tone 2 for mid/bridge pu.
- Mini Sw : Short Wave bottom
Sun bright bottom
Mix
- Spilt Coil push/pull (Tone2)
.................................................
** การประกัน หลังการขาย Shark **
- คืนตัวกีตาร์ได้ภายใน 5 วัน(สภาพเดิม)หากไม่ประทับใจในงานและเสียง
- ประกัน 2 ปี วงจรในห้องเครื่อง
- ประกัน 1 ปี pot/selecter/all switch
- setup free ใน 1 ปี ไม่เกิน2ครั้ง
** ปล.หากสติกเกอร์วอยโปรเทคถูกแกะออกไปการประกันทุกอย่างจะสิ้นสุดทันที
...............................................
** สินค้า ไม่มีกล่อง/กระเป๋า แถมให้ หากต้องการให้สั่งเพิ่มเติมได้
** บางท่านต้องการลูกบิดแบบล็อคสาย Gotoh ให้สั่งเปลี่ยนแล้วเพิ่มเงิน โดยหักลูกบิดเดิมออกไป
ถ้ามาเปลี่ยนหลังจากสินค้าออกไปแล้วขอคิดราคาเต็มไม่รับคืนลูกบิดเดิมครับ
......................................
อีก 9 ตัวที่เหลือ ทุกท่านจะได้รับไม่เกิน 20/2/2021 หากมีข้อสงสัย ติดต่อ
ตุ๋ย มิวสิค SharkThailand
0869040022 call/LineiD
.....ขอบพระคุณทุกๆท่านที่สนับสนุนผลงานครับ..
Face Page https://web.facebook.com/TeTaeRockYou
Facebook https://www.facebook.com/tetaeteerawat
IG https://www.instagram.com/tetaerockyou/
ติดต่องานแสดง line ID : tetaerock
For work please contact
tetaerockyou@gmail.com
You can support me
ช่องทางการสนับสนุน
ธนาคาร ไทยพาณิช [ SCB ]
นายธีรวัฒน์ ปุณยประยูร
4057577280
^^ ฝาก Subscribe เพื่อติดตามคลิปใหม่ๆนะครับ ^^
#ทำกีต้าร์ #วงจรกีต้าร์
electronic signature 在 Adrian Lo Dejavu Youtube 的精選貼文
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electronic signature 在 Electronic Signatures made faster & easier - DocuSign 的相關結果
The US Federal ESIGN Act defines an "electronic signature" as an electronic sound, symbol, or process, attached to or logically associated with a contract or ... ... <看更多>
electronic signature 在 Electronic signature - Wikipedia 的相關結果
An electronic signature, or e-signature, is data that is logically associated with other data and which is used by the signatory to sign the associated data ... ... <看更多>
electronic signature 在 E-signature signing | What is an electronic signature - Adobe 的相關結果
An electronic signature, or e-signature, is a legal way to get consent or approval on electronic documents or forms. ... Examples include contracts, application ... ... <看更多>