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11 stories mentioning DOCU

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Sectors

Sector Update: Tech Stocks Lower Late Afternoon

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 6.2% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 10.5%.The Philadelphia Semiconductor Index declined 8.9%.In corporate news, Meta Platforms (META) is mulling raising tens of billions of dollars through a share sale to fund surging artificial intelligence capital expenditure, which could reach $145 billion this year and climb further in 2027, the Financial Times reported Friday, citing three people familiar with the matter. Meta shares fell 5.8%.Nvidia (NVDA) CEO Jensen Huang said Friday that robotics will be South Korea's next major growth sector, citing the country's strengths in manufacturing, mechatronics, and artificial intelligence, Reuters reported. Nvidia shares declined 5.5%.Netflix (NFLX) is developing guidelines for the safe use of generative artificial intelligence in content production, with the technology intended to support creators rather than replace them, Nikkei Asia reported Friday, citing comments from co-Chief Executive Greg Peters. Netflix stock was up 0.5%.DocuSign (DOCU) shares were down 6.6% in Friday afternoon trading, a day after the company posted its fiscal Q1 results.

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Wire

Update: DocuSign Shares Fall Following Fiscal Q1 Results

(Updates with latest stock movement in the headline and lede.)DocuSign (DOCU) shares were down 5.7% in Friday afternoon trading, a day after the company posted its fiscal Q1 results.The company reported fiscal Q1 non-GAAP net income late Thursday of $1.09 per diluted share, up from $0.90 a year earlier.Analysts polled by FactSet expected $0.99.Revenue in the three months ended April 30 rose to $830.2 million from $763.7 million a year earlier.Analysts expected $824.7 million.DocuSign expects Q2 revenue of $865 million to $869 million. Analysts project $866.1 million.The company expects full-year revenue of $3.49 billion to $3.502 billion, up from the prior forecast of $3.484 billion to $3.496 billion. Analysts project $3.49 billion.Price: $48.05, Change: $-2.89, Percent Change: -5.67%

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Wire

Update: Wedbush Cuts DocuSign Price Target to $58 From $60 Due to 'Missing' Consistency, Neutral Rating Kept

(Updated to include Wedbush commentary)Wedbush lowered DocuSign's (DOCU) price target to $58 from $60, saying the company's IAM adoption strategy requires more time to reaccelerate growth.Despite the firm's strong quarter with revenue and earnings per share beats and high customer demand for its IAM platform, DocuSign still needs to show consistent ARR reacceleration and stable revenue growth amid macroeconomic uncertainty, analysts led by Dan Ives wrote in a Friday note.DocuSign has an average rating of hold and mean price target of $62.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $47.57, Change: $-3.37, Percent Change: -6.62%

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Wire

DocuSign Beats Fiscal Q1 Estimates, but IAM Traction Remains in Focus, RBC Says

DocuSign (DOCU) remains a "wait-and-see" story despite delivering a Q1 beat across all financial metrics, as investors look for more definitive evidence that its Intelligent Agreement Management platform can drive sustained enterprise growth, RBC Capital Markets said in a report emailed Friday.DocuSign reported fiscal Q1 revenue of $830.2 million, up 9% year-over-year and above consensus estimates, while non-GAAP earnings per share of $1.09 also topped expectations. The report also highlighted improving "retention," with dollar net retention exceeding 102%, and a 12% increase in customers generating more than $300,000 in annual contract value.IAM continued to gain "traction," accounting for 12.6% of total annual recurring revenue, up from 10.8% at the end of fiscal 2026. Management disclosed 40,000 IAM customers and introduced a new credit-based "IAM Platform Plan," while noting that IAM bookings in the North American enterprise segment grew faster than any other business segment during the quarter, according to the report.RBC said DocuSign is making encouraging progress in expanding beyond "e-signatures" into a broader software platform, but it remains cautious until stronger signs emerge that IAM can achieve meaningful enterprise-scale adoption.RBC maintained a sector perform rating on DocuSign, with a price target of $55.Price: $48.08, Change: $-2.86, Percent Change: -5.61%

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Stocks Mostly Down Pre-Bell as Middle East Concerns Persist
US Markets

Stocks Mostly Down Pre-Bell as Middle East Concerns Persist

US equity markets were mostly pointing lower before the opening bell Thursday as Middle East uncertainty continued to weigh on sentiment.The S&P 500 declined 0.5% and the Nasdaq fell 1.2% in premarket activity, while the Dow Jones Industrial Average rose 0.5%. The indexes finished the previous trading session in the red, with the S&P 500 snapping a nine-day winning streak.Iran reportedly launched strikes targeting US bases in Kuwait and Bahrain, as well as a vessel near the Strait of Hormuz, in a significant escalation since a ceasefire took effect in April, several media outlets reported Wednesday. Earlier in the week, the US Central Command said it conducted self-defense strikes on Qeshm Island in response to attempted attacks by Iran across the Middle East.The Republican-led House voted 215-208 Wednesday to limit President Donald Trump's war powers in Iran, CNN reported.Trump suggested on Wednesday that there could be progress in negotiations with Iran as soon as this weekend, CNBC reported. Iranian Foreign Minister Abbas Araghchi said contacts with Washington have not been cut off, but there has been no progress in discussions, according to the report.Israel and Lebanon agreed on Wednesday to implement a ceasefire, subject to Iran-backed Hezbollah ending all fire and evacuating its operatives from the South Litani Sector, the US State Department said in a statement.West Texas Intermediate crude oil decreased 1% to $95.06 a barrel before the open, while Brent moved down 1.3% to $96.60.Treasury yields were down in premarket action, with the two-year rate retreating 3.1 basis points to 4.05% and the 10-year rate off 1.4 basis points to 4.48%.Employers in the US announced 97,006 layoffs in May, up 16% from the month prior and 3% year over year, according to Challenger, Gray & Christmas' latest report. Thursday's economic calendar also has the weekly jobless claims bulletin.On Wednesday, data from payroll processing firm ADP (ADP) showed that employment in the US private sector increased more than expected in May. The government's nonfarm payrolls report for May is scheduled to be released on Friday.Federal Reserve Bank of Richmond President Thomas Barkin is slated to speak at 8:30 am ET, while San Francisco Fed President Mary Daly speaks at 1:10 pm.Most Federal Reserve districts saw slight to moderate growth in economic activity since mid-April, while consumer spending remained mixed, the US central bank said in its latest Beige Book released Wednesday.Space Exploration Technologies, widely known as SpaceX, is aiming to raise about $75 billion in what could be the biggest initial public offering of all time.Broadcom (AVGO) and CrowdStrike (CRWD) dropped 11% each pre-bell after reporting their latest financial results.Ciena (CIEN), Brown Forman (BF.A, BF.B) and Toro (TTC) report their quarterly earnings before the bell, among others. Lululemon Athletica (LULU), Guidewire Software (GWRE) and DocuSign (DOCU) post results after the markets close.Gold gained 0.7% to $4,497 per troy ounce, while bitcoin dropped 4.9% to $62,329.

Dow JonesNasdaq CompositeS&P 500$AVGO$BF.A$BF.B$CIEN$CRWD$DOCU$GWRE$LULU$TTC
Wire

Docusign App Now Available in ChatGPT, Codex

Docusign (DOCU) app is now available in Microsoft (MSFT)-backed OpenAI's ChatGPT and Codex, the company said Tuesday.The integration brings the Docusign Intelligent Agreement Management platform into OpenAI's offerings for clients to create, verify, and manage agreements using natural language prompts, the company said.Price: $54.52, Change: $-2.50, Percent Change: -4.38%

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Wire

DocuSign AI-Backed Platform Increasingly Addressing Enterprise Needs, RBC Says

DocuSign's (DOCU) AI-backed platform IAM, initially targeted at mid-market clients, is increasingly addressing enterprise needs, RBC Capital Markets said in a note emailed Friday after attending DocuSign's Momentum conference.RBC said that "enterprise remains early days" for the platform but value is acrruing as the company's clients "do more with the platform over time, and deeper role-specific use cases (sales, procurement, legal)" are on the rise.The IAM platform is seen as "creating more opportunity for partners to add value relative to the legacy e-signature business," the note said.RBC also highlighted that DocuSign is launching an AI assistant as well as autonomous agents that will be able to automate contract reviews, approval routing, and obligation tracking inside the IAM platform. The new features will integrate with tools from Salesforce (CRM), Microsoft's (MSFT) Copilot, and SAP (SAP) and will be deployed in the US starting in the middle of this year, the note said.RBC kept DocuSign's sector perform rating and $55 price target.Price: $49.02, Change: $+0.05, Percent Change: +0.10%

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Wire

DocuSign, Harvey Partner to Combine Legal, Contract AI Platforms

DocuSign (DOCU) said Friday it has partnered with Harvey, integrating Harvey's legal reasoning platform with DocuSign's intelligent agreement management contract AI platform to help legal teams move from business insights to action across the full agreement lifecycle.Harvey's platform supports legal analysis, cross-jurisdictional research, reviews and AI-driven drafting, while the DocuSign IAM platform connects this to agreement workflows across the organization, the company said.When working in DocuSign, legal professionals can also access Harvey Knowledge directly through the new DocuSign Iris assistant, bringing external reasoning directly into the chat interface, the company added.Shares of DocuSign were down more than 4% in Friday trading.Price: $47.08, Change: $-1.11, Percent Change: -2.30%

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Wire

Nvidia Launches Multimodal AI Model to Combine Vision, Speech and Language

Nvidia (NVDA) said Tuesday it has launched Nemotron 3 Nano Omni, an open multimodal AI model designed to combine vision, speech and language capabilities into a single system.The model can process text, images, audio and video together, eliminating the need for separate models, and it has more accuracy in tasks such as document intelligence, audio-video reasoning and computer-use applications, the company saidNvidia said the model delivers up to nine times higher throughput than comparable models, reducing costs and improve scalability while maintaining responsiveness.Nemotron 3 Nano Omni has been adopted by companies such as Foxconn and Palantir (PLTR), and others such as Dell Technologies (DELL) and DocuSign (DOCU) are evaluating the technology, Nvidia said.Price: $209.59, Change: $-7.02, Percent Change: -3.24%

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Wire

DocuSign Shares Fall After Citigroup Downgrade

DocuSign (DOCU) shares were down nearly 7% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and adjusted its price target to $50 from $99.Trading volume stood at over 3.5 million shares compared with a daily average of about 5.1 million shares.Price: $42.42, Change: $-3.14, Percent Change: -6.88%

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Research

Citigroup Downgrades DocuSign to Neutral From Buy, Adjusts PT to $50 From $99

DocuSign (DOCU) has an average rating of Hold and mean price target of $62.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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