DocuSign (DOCU.US) gained roughly 6% during today’s US trading session after the company delivered strong quarterly results. Second-quarter earnings came in at $0.47 per share, above expectations of $0.39 per share (according to Zacks Consensus Estimate). Revenues amounted to $511.84 million (+50% YoY) and surpassed the consensus estimate by 6.09%. DocuSign also raised its full-year guidance for total revenue, subscription revenue and billings.
Taking a look at the daily chart, DocuSign’s shares are currently testing recent highs near $311. One might spot a double top pattern, which was painted in July and August, but it was followed by a recovery move. Should any deeper pullback occur, the $283 area may be seen as a support level (a local low from mid-August and highs from September 2020). Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
