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Why DocuSign Stock Soared Friday

TheMotleyFool

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Shares of DocuSign (NASDAQ: DOCU) jumped on Friday, rising as much as 23.9%. As of 10:30 a.m. EDT, the stock was up about 20%. The stock's gain follows the e-signature and electronic-document specialist's second-quarter results of fiscal 2020.

Bullishness for the stock is likely related to the company's better-than-expected quarterly revenue and its strong guidance.

Image source: Getty Images.

Source Fool.com

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