On June 2, Docusign fell 5.5% in regular trading, trading at approximately $53.855/share, with trading volume of $94.05 million.
On the news front, the broader application software sector experienced widespread weakness, with Salesforce down 6.5%, Palantir down 6.36%, Datadog down 4.6%, and Strategy down 8.62%, creating significant sector-wide drag on Docusign. The stock had previously rallied ahead of its upcoming earnings report scheduled for June 4 after market close, gaining 5.02% on May 29 and 5.12% on June 1. The current pullback reflects profit-taking by investors who had positioned ahead of the earnings event, as the sector rotation removed support for further upside.
Market consensus expects Docusign to report quarterly revenue of $825 million, representing 10.24% year-over-year growth, with adjusted EPS of $0.99, up 22.24% year-over-year. Last quarter, the company posted revenue of $837 million with a gross margin of 79.82% and adjusted EPS of $1.01.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)