These 5 Stocks Are Trending After Releasing Their Earnings Reports

4. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 49

Shares of DocuSign, Inc. (NASDAQ:DOCU) crashed in the pre-market trading session on Friday, March 11, 2022, following its disappointing sales outlook for the current quarter and full year.

DocuSign, Inc. (NASDAQ:DOCU) expects revenue in the range of $579 – $583 million for its fiscal first quarter and between $2.47 – $2.48 billion for the full year. The outlook missed the consensus of $596 million for Q1 and $2.61 billion for fiscal 2022.

The weak outlook also overshadowed the better-than-expected performance of DocuSign, Inc. (NASDAQ:DOCU) for its fiscal fourth quarter. The company reported adjusted earnings of 48 cents per share for the quarter, compared to 37 cents per share in the same period last year.

Revenue for the quarter jumped 35 percent on a year-over-year basis to $580.8 million. Analysts were expecting DocuSign, Inc. (NASDAQ:DOCU) to earn 47 cents per share on revenue of $561.4 million.