DocuSign or Slack: Which Work-From-Home Stock Is A Better Pick?

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DocuSign or Slack: Which Work-From-Home Stock Is A Better Pick?

The pandemic has disrupted normal life and has pushed people around the globe to work from home. With continued uncertainty related to the COVID-19 crisis, many companies, including Facebook and Google, have extended remote working mandates to mid next year. Amid the new normal, several tech companies are seeing robust demand for their products and services.In fact, in June, Direxion launched its Direxion Work From Home ETF, which provides investors exposure to companies that enable work-from-home through their products and services in remote communications, cybersecurity, project and document management, and cloud technologies.We will analyze how DocuSign and Slack Technologies have gained from the work-from-home trend and use the TipRanks Stock Comparison Tool to see which stock offers a more compelling investment opportunity.DocuSign (DOCU)DocuSign is a global leader in the e-signature space. As per Datanyze, the company has a 70.4% market share in the e-signature market, with its closest rivals SignNow, RightSignature and Adobe Sign having a much lower market share of 5.6%, 5.5%, and 5.3%, respectively. But, the company is now growing beyond its e-Signature product by automating the entire agreement process through the applications offered under its DocuSign Agreement Cloud.The company added over 88,000 new customers in 2Q FY21 (ended Jul. 31) alone, bringing its total customer base to about 749,000. Strong sales led by the company’s e-signature solutions drove a 61% rise

2020/10/22 finance.yahoo.com/news