Diamonds and Dogs
6/4/21
DocuSign (DOCU) shows resilience during pandemic. The electronic-signature and document-management specialist is up 17% to a one-month high following strong earnings. Revenue jumped 58% from year-ago levels, accelerating from growth rates in recent quarters. DocuSign's subscription-based business more than pulled its weight during the period, seeing a 61% rise in segment sales. Moreover, DocuSign doesn't see the good times ending anytime soon. The company boosted its guidance for the full year, expecting top-line gains of as much as 40% compared to last year's sales.
Bitcoin taking a hit. The bitcoin ETF (GBTC) is down 4% after Elon Musk tweeted an emoji that he may have broken up or sold his position in bitcoin. This comes after Elon Musk bashed another cryptocurrency on Saturday Night Live and then made the decision to not allow purchases of his Tesla cars in bitcoin. On twitter, Elon Mush has become the most hated person in the crypto world as the industry hosts a conference in Florida this weekend.
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