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Why DocuSign Stock Popped Today

TheMotleyFool

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Why DocuSign Stock Popped TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Shares of cloud-based e-signature company DocuSign (NASDAQ: DOCU) are up 5.5% as of 3:30 p.m. EDT Friday, after reporting a sizable earnings beat last night.

Heading into earnings, analysts had forecast DocuSign would earn $0.40 per share (pro forma) on sales of $487.5 million in the second quarter of 2021. As it turned out, DocuSign actually earned $0.47 per share, and on sales of $511.8 million.

Image source: Getty Images.

Source Fool.com

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