Has DocuSign (DOCU) Outpaced Other Business Services Stocks This Year?

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Investors focused on the Business Services space have likely heard of DocuSign (DOCU), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.

DocuSign is a member of the Business Services sector. This group includes 194 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DOCU is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for DOCU’s full-year earnings has moved

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Deloitte Launches US Legal Business Services

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NEW YORK, July 13, 2020 /PRNewswire/ — Deloitte today announced the launch of its Legal Business Services practice in the U.S., a comprehensive suite of legal management consulting and technologically-enabled legal managed services for corporate legal departments designed to accelerate the transformation of the business of law.

The U.S. launch is the latest step in Deloitte’s global expansion as one of the world’s largest providers of legal business services. Chief legal officers (CLOs) can apply Deloitte’s deep industry knowledge and its breadth of technical capabilities to meet a variety of strategic needs, including the use of data to drive faster, more informed, and holistic decision-making. Operating from more than 80 countries, Deloitte’s global footprint means that legal business needs can be met in the context of local and regional business practices as well as legal and regulatory frameworks.

“Legal departments are under pressure to transform as CLOs contend with

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McConnell Dowell Chooses Orange Business Services to Deliver Smart IoT solution for Construction Sites

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MELBOURNE, Australia & PARIS–(BUSINESS WIRE)–McConnell Dowell, a leading infrastructure construction company has selected Orange Business Services to design a customized, smart and scalable IoT solution. It will enable construction sites to collect and report on real-time information, such as heavy machinery utilization and asset tracking, to enable smarter decision making for operational efficiency, time saving and cost reductions.

The construction industry faces significant business and technology challenges. These include equipment and skilled labor shortages, increasingly short project schedules and rising costs of infrastructure delivery. IoT will allow construction sites to leverage real-time data feeds to tackle these issues head on.

Co-innovation led Orange and McConnell Dowell to co-create use case applications from innovation and ideation to platform deployment. Orange created a flexible, scalable IoT platform to collect, report and visualize real-time information over a private IoT network, focusing on digitizing manual and paper-centric processes and removing manual tasks

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Deloitte opens legal business services practice in U.S.

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Deloitte has opened a legal business services practice in the U.S., expanding a line of business it has offered abroad.

The new practice will offer legal management consulting and managed services to help legal departments, but Deloitte won’t be turning into a law firm. The firm emphasized that it won’t be practicing law or offering legal advice to clients.

The U.S. launch is part of Deloitte’s effort to expand legal services internationally. Other Big Four firms such as PwC, KPMG and EY have also been expanding their legal services abroad and to some extent in the U.S. Deloitte is also facing competition from Andersen Global, the revived Arthur Andersen network, which has expanded from tax services into legal services, striking deals with both tax and law firms around the world. Deloitte is targeting corporate legal departments, however, specifically chief legal officers, who can leverage Deloitte’s industry expertise, technology and presence

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Business services in region jump in July, but still below year-ago levels, KC Fed survey says | Business

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Business services in a seven-state region that includes Oklahoma grew steadily in July, according to a survey released by the Federal Reserve Bank of Kansas City.

“In July, services activity rose solidly compared to previous months, but remained below year-ago levels,” Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. “Meanwhile, over a third of businesses reported higher business costs over the past six months, and expectations for future activity fell slightly.”

The Kansas City Fed’s monthly survey of Tenth District Services provides information on several indicators, including sales, revenue, employment and capital spending while identifying changes in prices of input materials and selling prices.

Survey participants represent a variety of industries, including retail and wholesale trade, automobile dealers, transportation, information, high-tech and professional services, real estate, education, restaurants, health services, tourism and other services firms.

The Federal Reserve Bank of Kansas City serves the

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Is Cintas Stock a Buy?

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If fast-growing stocks are your thing, uniform renter and business services provider Cintas (NASDAQ:CTAS) may have shown up on your radar. Between 2015 and 2020, the company’s stock soared 243%, briefly topping $300 per share. That outperformance crushed the overall stock market: The S&P 500 only rose 56.9% during that time. 

Then, of course, 2020 happened. Cintas’ shares plummeted in March (like everyone else’s) and have crept back up since (like everyone else’s). They’re still more than 10% off their highs, though. That could be an opportunity to buy this proven growth machine…or is too high a price to pay for a business services specialist during a troubled time for businesses?

Let’s look closer to see if Cintas is a buy. 

A group of people in matching blue polo shirts and baseball caps

Image source: Getty Images.

Boom and bust without the bust

Because Cintas’ primary business is uniform rental, you’d expect it to outperform during periods of low or declining unemployment,

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Orange Business Services Delivers Collaboration and Contact Center Services for ZIM to Improve Customer Experience in Cargo Shipping

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PARIS–(BUSINESS WIRE)–ZIM Integrated Shipping has extended its contract with Orange Business Services for cloud-based contact center and collaboration services, including network connectivity and audio and web conferencing. This solution will continue to boost collaboration and productivity across 20 contact centers globally, resulting in an enhanced experience for ZIM’s customers.

ZIM is one of the largest carriers in the global container shipping industry, and Orange has a long-standing relationship with the shipping giant as its trusted partner to provide its worldwide corporate IT infrastructure. ZIM remains at the forefront of the carrier industry due to its ability to rapidly adapt to the shipping industry’s commercially changing models and emerging market needs. The contact center and collaboration services help ZIM differentiate itself in a market where high-quality customer experience is one of the main drivers for retention and satisfaction.

Leveraging cloud to transform the customer experience

Orange deployed Managed Contact

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Should Value Investors Pick Newtek Business Services (NEWT)?

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Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Newtek Business Services Corp. NEWT stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in

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SLASSCOM launches Global Technology and Business Services Council

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The Sri Lanka Association for Software and Service Companies (SLASSCOM) was one of 12 global industry players that came together to launch The Global Technology & Business Services Council (GTBSC). The Council hopes to represent the industry globally. Chairman SLASSCOM Channa Manoharan participated in a webinar on July 16 to signal the launch.

The GTBSC will work to improve the Global Sourcing Standard which will set industry norms for the sector. The GTBSC shall also work on a standard contract that will be concise and can be used as a template for business to contract with.

The organization will set out an Industry Code of Conduct.

Manoharan said, “the current impact is only temporary. The Business Outlook is positive for us beyond 2021. We see companies seeing the need for increased digital adoption.”

Manoharan highlighted that Sri Lanka was already impacted by the economic fallout due to the Easter

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Small business services, resources available at Chipola College | Local

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Small business services, resources available

Chipola College and the SBDC will continue working together to provide small business services and resources to business owners and constituents throughout adjacent counties in the Florida Panhandle. Pictured from left, are: Dr. Pam Rentz, Vice President of Instructional Affairs, Chipola College; Dr. Lynn Eichler, SBDC; Kelly Massey, Regional Director, SBDC; Adam McCloskey, SBDC; and Dr. David Bouvin, Dean, School of Business & Technology, Chipola College.

Chipola College and the Small Business Development Center (SBDC) continue working together to provide small business services and resources to business owners and constituents throughout adjacent counties in the Florida Panhandle.

The SBDC and small business assistance is available 10 a.m. to 3 p.m. every Wednesday. Beginning July 10, the Florida SBDC at University of West Florida (UWF) resumed their outreach hours with Chipola College each week through virtual consulting hours specifically for current or prospective business owners in the area.

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