TECH - DocuSign Defies Macroeconomic Pressures And Continues In the Right Direction | Benzinga
On Thursday, the electronic signature company DocuSign Inc (NASDAQ: DOCU) lifted its full year guidance while beating both revenue and adjusted earnings estimates. Unfortunately, shares gave up early gains and slumped on Friday morning due to management warnings of narrower near-term margins. But DocuSign's quarterly report felt somewhat off the radar unlike that its competitor Adobe Systems (NASDAQ: ADBE) whose stock is already at year’s high even before its third quarter report that is due on September 14th. Adobe stock rose 1% during Friday's premarket trading as it received an upgrade from Mizuho Securities, going from ‘Neutral’ to ‘Buy’. But, DocuSign’s online signature offering is merely one part of the unique and versatile product portfolio that Adobe has and which is its main competitive advantage. Moreover, it’s no secret that Adobe is emerging as an AI leader, as it is shoulder to shoulder even to Microsoft Corporation (NASDAQ: MSFT) in this arena.
Second Quarter Highlights
During the quarter that ended in July, the ...