Form 4 DOCUSIGN, INC. For: Mar 10 Filed by: OLRICH SCOTT V.
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DocuSign (DOCU) Falls 5% Despite a Massive Beat-and-Raise, Premium Valuation Justified Says Analyst
March 12, 2021 9:43 AM ESTDocuSign (NASDAQ: DOCU) stock is trading about 5% lower in early trading Friday as the Nasdaq index corrects on higher Treasury yields. A pullback in DOCU stock price is taking place despite a massive beat-and-raise the tech company delivered for its fourth-quarter.
DOCU said it earned $0.37 per share to top the $0.22 per share expected from market analysts. This quarters EPS represents an increase of 208% compared to a year ago. Revenue soared 57% to $430.9 million, again beating the $407.6 million expected from the street.
For the current quarter to end-April, DOCU said it... More
