Shares of Docusign (NASDAQ: DOCU) surged 4.8% on Friday after reporting strong Q2 earnings, beating estimates with adjusted EPS of $0.92 and $800.6 million in sales, up 9% YoY. Customer growth continued, with over 1.7 million customers. CEO Allan Thygesen praised AI innovation and go-to-market changes for the solid performance. The company repurchased $200 million of stock and holds over $1 billion in cash. Docusign’s stock has a PEG ratio of 0.4 and is expanding beyond e-signatures with AI-powered contract analysis. The Motley Fool’s Stock Advisor did not list Docusign in its top 10 stocks.
Read more at Yahoo Finance: Why Did Docusign Stock Jump Today?
