Where Will DocuSign Stock Be in 1 Year?
DocuSign's (NASDAQ: DOCU) stock rallied 12% on Dec. 9 after the e-signature services provider posted its latest earnings report. For the third quarter of fiscal 2023, which ended on Oct. 31, its revenue rose 18% year over year to $645.5 million and beat analysts' estimates by $18.3 million. Its billings increased 17% to $659.4 million. Its adjusted net income dipped 2% to $118.2 million, or $0.57 per share, but still cleared the consensus forecast by $0.15.
For the fourth quarter, DocuSign expects its revenue to rise 10% year over year and for its billings to increase 5%-7%. For the full year, it expects its revenue to grow 19% and for its billings to climb 9%-10%. Both full-year estimates were raised from its previous guidance in September, but they would still represent its slowest growth rates since its IPO four years ago.
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Source Fool.com
