DocuSign Shares Surge 7% on Strong Q2 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/DOCU'>DocuSign Inc. (NASDAQ:DOCU)</a> shares soared more than 7% Friday afternoon following the company’s reported Q2 results, with EPS coming in at $0.44, better than the Street estimate of $0.42.</p>
<p>Revenue was up 22% year-over-year to $622.2 million, better than the Street estimate of $602 million. Subscription revenue increased 23% year-over-year to $605.2 million, and professional services and other revenue dropped 11% year-over-year to $17.0 million.</p>
<p>The company anticipates Q3 revenue in the range of $624-628 million, compared to the Street estimate of $625 million. Full-year revenue is expected in the range of $2.470-2.482 billion, compared to the Street estimate of $2.47 billion.</p>
<p>Despite strong quarterly results, analysts at Wedbush said they continue to be skeptical based on their checks that the momentum continues at the company and thus maintain their Underperform rating given the risk/reward in shares at current levels. The analysts raised their price target to $55 from $50 to reflect the stronger performance this quarter.</p>

NASDAQ:DOCU