Why DocuSign Stock Jumped 84.9% in 2019
Shares of DocuSign (NASDAQ: DOCU) soared 84.9% in 2019, according to data from S&P Global Market Intelligence, largely on the heels of the e-signature specialist's latest two strong quarterly reports.
The software-as-a-service stock skyrocketed nearly 33% in the month of September alone after the company posted exceptional fiscal second-quarter results. Revenue soared 41% year over year to $235.6 million -- well above estimates for closer to $221 million -- on a 39% jump in subscription revenue (to $220.8 million) and a 72% increase in professional services/other sales.
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Source Fool.com
