DocuSign Offers Safe and Secure Electronic Signature Verification
There’s no sugarcoating how painful the last month has been for investors. All the major indices — Dow Jones, S&P 500, Nasdaq and Russell 2000 — have fallen into a bear market.
Worse still? There are very few signs that the coronavirus pandemic will be resolved any time soon.
What’s an investor to do? First off, I recommend finding the companies that are seeing their business improve because of the coronavirus. And doing so may be easier than you think.
One such company is DocuSign, one of the very first stocks I
recommended in my Weiss Crypto Investor service.
DocuSign’s year-to-date performance
DocuSign is the king of digital signature verification. It makes it possible for you to sign documents from the comfort of your own home. During these times of self-quarantines and telecommuting, anything that helps you stay home and avoid possible infection is a very good thing. And a very profitable business.
Just as important is the rapidly growing popularity of digital signatures. This is due to their ability to eliminate signature fraud.
Let me tell you a story.
One of my college friends was an intern with a professional hockey team that had one of the most famous hockey players in history on its roster.
Shortly after he was hired, he and about a half dozen other interns were placed in a room. They were given a ream of paper and instructed to practice forging the famous player’s signature.
They were told that the two interns that most accurately reproduced the superstar’s signature would travel with team for the rest of the season.
My friend was one of the two winners of the forgery contest, and he did indeed get to travel with the hockey team for what he called the funniest three months of his life. However, he did feel pretty guilty for faking the signature on several thousand hockey pucks.
Signatures are important, and not only in the realm of sports memorabilia autographs. People have been using their signatures to legitimize important documents, such as loans, property titles, bill of sales and contracts, for centuries.
Traditional signatures, however, have some serious drawbacks. Beyond being easy to forge, getting a physical signature takes time and costs money.
That is why they are quickly getting replaced by digital signatures.
Digital signatures are the highest standard for signature verification. They are dramatically more secure than traditional signatures. This is because every digital signature has a unique identifying “fingerprint” data and through the use of encryption verification technology, known as Public Key Infrastructure (PKI).
DocuSign just reported its quarterly results and they smashed Wall Street expectations. And DocuSign expects business to get even.
My Weiss Crypto Investor subscribers are sitting on a close to a 100% open gain, but I think that is just the tip of the iceberg. DocuSign has one of the most reliable business models I’ve ever seen and one of the brightest prospects of any tech stock on the planet.
That doesn’t mean you should rush out and buy DocuSign tomorrow morning. In this volatile market, it’s best to wait for pullbacks before jumping onboard.