(NASDAQ: DOCU) posted its latest earnings report on June 8. In the first quarter of fiscal 2024, which ended on April 30, the e-signature services leader's revenue rose 12% year over year to $661 million and surpassed analysts' expectations by $20 million. Its adjusted EPS rose 89% to $0.72 and also cleared the consensus forecast by $0.16.
However, DocuSign's stock still dipped after that earnings beat and remains more than 80% below its all-time high from September 2021. Should investors pick up some shares of this out-of-favor tech stock while the bulls turn the other way?
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Source Fool.com