By Anil K. Ambastha and Kuldip K. Ambastha
This past week, the e-signature and electronic document company DocuSign (DOCU) impressed the market with its strong fiscal second-quarter results, improved outlook for the rest of the fiscal year, and addition of 29,000 new customers during the quarter. In return, DocuSign’s stock gained 21.7% on Friday, September 6, nearing its 52-week high price on a volume that was 10-times larger than its typical daily average volume.
Keywords – Second-quarter, Outlook, Customers, Volume, E-Signature, Electronic document, 52-week high.
Disclosure – The principals of Ambastha Financial LLC have no position in DOCU.
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