5 Stocks Making Noise After Posting Their Financial Results

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1. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 51

DocuSign, Inc. (NASDAQ:DOCU) recently delivered solid financial results for its fiscal third quarter. However, its sales outlook for the current quarter disappointed investors. The weak guidance sent its shares down more than 30 percent in the pre-market trading session on Friday, 3 December 2021.

The San Francisco-based developer of e-signature software reported earnings of 58 cents per share, beating the consensus forecast of 46 cents per share. In addition, DocuSign, Inc. (NASDAQ:DOCU) posted revenue of $545.5 million, up 42 percent versus last year and above analysts’ average estimate of $532.6 million.

Follow Docusign Inc. (NASDAQ:DOCU)

On the downside, DocuSign, Inc. (NASDAQ:DOCU) projected revenue in the range of $557 million – $563 million for its fiscal fourth quarter, below the consensus forecast of $573.8 million.

Speaking on the results, CEO of DocuSign, Inc. (NASDAQ:DOCU), Dan Springer, said:

“Third quarter revenue growth of 42% year-over-year and operating margin of 22% exceeded our expectations. After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth.”

You can also take a peek at 10 Reddit Stocks that Tripled in 2021 and 10 Meme Stocks that More than Doubled in 2021.

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