After Crushing Results, Is It Time to Buy This Bargain-Bin Tech Stock?
DocuSign (NASDAQ: DOCU) shares continue to tread water despite the electronic signature-solutions provider recently reporting better-than-expected second-quarter results. The stock is down about 5% year to date.
Let's dive into the company's most recent quarterly results to see if this is a buying opportunity.
For it fiscal second quarter, DocuSign's revenue jumped 7% year over year to $736 million. Subscription revenue also increased by 7% to $717.4 million, while professional-service revenue edged up 2% to $18.7 million. Management previously issued guidance for total Q2 revenue of between $725 million and $729 million, and service revenue of between $705 million to $709 million, so it easily topped that forecast.
Source Fool.com
DocuSign Inc. Stock
€51.12
0.310%
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 6 Sell predictions.
A slightly negative potential of -11.97% at a current price of 51.12 € for DocuSign Inc. is the result of a target price of 45 €.
