$DOCS Earnings Report Q2 2022
$DOCS Long
Doximity is an online networking service for medical professionals. In the last quarter, they beat the estimates by 123%, and on average, they delivered an earnings surprise of 83% over the time of the company going public. According to their management, These strong performances are expected to continue for this quarter as well. Their telehealth platform which has recently had a record amount of customers is also expected to continue growing, adding significantly to their revenue. Over the past few months, Doximity has been registering a sizable budget shift to digital and real-time. This has been leading to its clients placing an increased volume of orders. In February, Doximity completed the Amion buyout, which is expected to expand its physician cloud platform. This is also likely to have driven its performance in this quarter. At the same time, 67% of the company's stock is owned by institutional investors and I don't think there is a single chance that the company’s stock is gonna go down due to this.
Key Data Label Value Exchange NYSE Sector Technology Industry Retail: Computer Software & Peripheral Equipment 1 Year Target $70.00 Today's High/Low $33.82/$30.88 Share Volume 3,604,914 Average Volume N/A Previous Close $31.82 52 Week High/Low $107.79/$27.06 Market Cap 6,311,448,827 Ceo: Time: after market close Estimate: +20%