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Technology Stocks In 2022, they took a shellacking.
Meta platforms (Meta 1.43%) And Document marking (DOCU 5.24%) It was no different. Stock prices have fallen sharply. However, sales have gone a long way, making Meta Platforms and DocuSign ready for bull run.
Meta platforms describe almost half of humanity as beneficiaries.
Meta Platform decreased by 56 percent. The company is facing a number of major windbreaks, including changes to its privacy policy. Apple And a short form video TikTok contest. Those headlines saw Meta growth slow to 7% in the last quarter, a significant increase from 41.3% year-on-year growth.
Considering those challenges, it is easy to forget that Meta Platform relies on 2.9 billion active users every day on its social media apps (Facebook, Instagram, WhatsApp and Messenger). True, the pages are free to join and use, but that should not detract from the thrill of reaching nearly 3 billion active users every day. At this time, consumers have many options for free entertainment; Meta’s large scale shows that people are highly valued in the company’s applications.
META PE ratio data by YCharts
It may be challenging in the near future, but the meta-collection has overreacted to the bad news. The cost-to-income ratio is 12.7 and the cost-to-free cash flow is 11.9. According to those standards, meta-stocks are as cheap as they have been over the past five years.
DocuSign provides benefits to signatories and organizations
DocuSign is another bullfighting technology company. Like Meta, the company will soon be experiencing a head wind, but for a variety of reasons. At the beginning of the epidemic, the e-signature service provider grew to see that many businesses were out of touch. Unsurprisingly, that has increased revenue for DocuSign. As economies reopen and workers return to the office, that tail wind is fading for DocuSign.
The company was still growing even before the outbreak. From 2016 to 2019, sales increased from $ 250 million to $ 701 million. Signing documents electronically is more convenient than in person. People no longer need to drive to the office to put pen to paper. It saves the cost of printing, storing, and staffing documents to support document signatures. Moreover, electronic records can be searched more efficiently. These benefits may support Doxsign’s income growth even after the epidemic.
DOCU Price to Free Cash Information by YCharts
Like Meta, Doxing has been selling at the lowest price point in the last five years. Investors’ concerns appear to be overwhelming in the near future, making DocuSign a technology stock ready for bull run.
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