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DocuSign shares flourish on results beat
DocuSign (DOCU) announced last Thursday better-than-expected earnings and revenue in the second quarter of fiscal year 2022.
By Rony Abboud
0
- Technology
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DocuSign (DOCU), an American company that allows organizations to manage electronic agreements, announced last Thursday better-than-expected earnings and revenue in the second quarter of fiscal year 2022 and raised its full-year revenue guidance.
Investors rushed to buy DOCU shares the next day pushing the price by +5.26% on Friday's session. Overall, the stock had an incredible run since its market debut in 2018, turning an $10,000 investment on the initial public offering day (April 27, 2018) to $81,500 by Friday September 3rd, 2021. With one million paying customers and over one billion users, DocuSign has certainly caught the attention of institutional and individual investors.
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For investors interested in holding DocuSign through ETFs for diversification, iShares Cybersecurity and Tech ETF (IHAK) offers 5.11% exposure. It is one of the top five largest Cybersecurity ETFs in the market with $690m in assets.
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