Docusign Inc. (DOCU) PT Lowered to $70 at FBN Securities

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Go back to Docusign Inc. (DOCU) PT Lowered to $70 at FBN Securities

DocuSign (DOCU) stable quarter prompts upgrade, analyst praise

December 9, 2022 9:05 AM EST

Shares of DocuSign Inc. (NASDAQ: DOCU) rose 10% in pre-open trading after posting a solid beat in its third quarter and issuing revenue guidance that was in-line with the Wall Street consensus.

Revenue for the e-signature company rose 18% in the quarter for $645.5 million, beating the consensus of $627 million.

Non-GAAP net income per diluted share was $0.57, beating the consensus of $0.42.

For the current quarter,... More