Despite its rise following the earnings release, DocuSign's stock is not expensive.
DocuSign (DOCU -2.34%) reported fiscal 2023 second-quarter earnings that pleased the market. The electronic signature provider's stock soared following the announcement. In this video, I will highlight the figures that impressed the market.
Stock prices used were the afternoon prices of Sept. 12, 2022. The video was published on Sept. 12, 2022.
Parkev Tatevosian has positions in DocuSign. The Motley Fool has positions in and recommends DocuSign. The Motley Fool recommends the following options: long January 2024 $60 calls on DocuSign. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
