BUZZ-Docusign rises on upbeat FY27 revenue forecast, increased share buyback

Reuters
Yesterday
BUZZ-<a href="https://laohu8.com/S/DOCU">Docusign</a> rises on upbeat FY27 revenue forecast, increased share buyback

** Virtual document signing platform Docusign's DOCU.O shares rise 2% to $48.50 premarket

** Co expects FY27 revenue between $3.48 billion and $3.50 billion, above analyst consensus of $3.42 billion, according to data compiled by LSEG

** Co also tops analysts' estimates for Q4 revenue and profit

** Co states FY growth was driven by continued evolution of its Intelligent Agreement Management platform, while subscription revenue rose y/y

** Co also announced $2 bln increase to its share repurchase program

** Six of 23 brokerages rate the stock "buy" or higher, 17 "hold"; their median PT is $69- LSEG data

** Up to last close DOCU was down 30.5% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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