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DocuSign Stock Rallies As Q3 Earnings Blow Away Estimates

DocuSign (DOCU), which enables electronic signatures, has proven itself to investors in a disruptive market segment. In its Q3 Earnings report, the company posted EPS of 22 cents, a 100% increase from the same quarter a year ago.

Their successful year has been fueled by strong customer growth while improving on the quality and quantity of services. The company provides software for automated contract filings and certification of electronic signatures. DocuSign also values security, putting high emphasis on the use of technological encryption.

Shares rose over 6% in anticipation of earnings and another 3% after hours. In response to the positive results today, DocuSign raised it’s guidance to $406 million for the coming Quarter. That would indicate the company is expecting robust y/y growth of 62%.


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