Why DocuSign Stock Popped Today

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.  

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