DocuSign Rises on Q3 Earnings Beat

Shares of DocuSign  (DOCU) – Get Report were rising Thursday afternoon after the cloud-based electronic signature solutions firm reported quarterly results that handily beat consensus analyst estimates.

For its fiscal third quarter ending in October, DocuSign earned non-GAAP net income of $0.22 per share, compared to expectations of $0.13 per share and results of $0.11 in the same period last year.

Shares were rising 7.1% to $247.13 in after-hours trading, after having risen 6.1% during the day’s trading.

Total quarterly revenue was $382.9 million, an increase of 53% year over year, compared to expectations for $361.2 million. Subscription revenue grew 54% year over year to $366.6 million, and professional services and other revenue increased 43% to $16.3 million.

“As companies accelerate the digital transformation of their business and agreement processes, DocuSign’s role as an essential cloud platform continues to grow,” said Dan Springer, DocuSign CEO. “Our Q3 results

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China’s Joyy Rises 17% After Contesting Muddy Waters Report

(Bloomberg) — The stock of Joyy Inc. surged after the Chinese livestreaming video giant disputed allegations of fraud by short seller Muddy Waters, saying its analysis showed a fundamental misunderstanding about the fledgling industry.

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Shares rose 17% in U.S. trading Thursday, the largest gain in three years. They recovered some of the 26% selloff in the previous session that marked its biggest single-day decline.

Joyy said Muddy Waters’s 71-page report contained “numerous errors, unsubstantiated statements, and misleading conclusions” and showed its “lack of a basic understanding of the live streaming industry,” which the company helped turn into one of the fastest-growing segments of the world’s largest internet market. Joyy also pointed to a $300 million dividend program it announced in August as evidence that it is able to generate — and distribute to shareholders — real cash, including $25 million paid out in the third quarter.

“To conclusively

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16 Best Stocks in the Stock Market Thursday: Roku Rises

Stocks are mixed in trading on Thursday as Covid-19 infection rates rise across the U.S. and families prepare for what Thanksgiving will look like as cities and states



16 Best Stocks in the Stock Market Thursday: Roku Rises


© TheStreet
16 Best Stocks in the Stock Market Thursday: Roku Rises

Here are the best stocks in the stock market Thursday by their performance in percentage change at the close of trading on Nov. 19. The stocks selected must be a greater than $20 share price.

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1. Sonos INC SONO | Increased +29.84%

Sonos shares jumped on Thursday after the maker of smart speakers and other audio equipment reported strong fiscal-fourth-quarter earnings that beat analyst estimates.

2. Bilibili Inc BILI | Increased +22.17%

Bilibili reported earnings Thursday with a third-quarter loss that beat analyst estimates. Shares of the Chinese video-sharing company have been rising throughout 2020.

3. Jumia Technologies JMIA | Increased +18.37%

Jumia Technologies JMIA recently reported weak

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ServiceNow Rises on Upgrade to Equal Weight by Morgan Stanley

ServiceNow  (NOW) – Get Report rose Thursday after Morgan Stanley analyst Keith Weiss upgraded it shares to overweight from equal weight, citing the workflow software company’s growth potential.

Weiss lifted his share-price target to $652, the highest estimate on Wall Street, according to Bloomberg, from $559. ServiceNow shares recently traded at $513.92, up 2.15%, and have soared 83% year to date.

“A rising priority for workflow automation post-Covid well positions NOW to sustain 25%-plus revenue growth,” and sustainable free-cash-flow growth above 30%, Weiss wrote in a commentary, Bloomberg reports. That rate of FCF through 2023“ should prove the current valuation still attractive,” he said.

ServiceNow’s billings growth “sustained much better than peers throughout the downturn,” Weiss said. And new billings growth should rise in 2021, in line with demand, he said.

Morningstar analyst Dan Romanoff gave the company a healthy prognosis after its earnings report last month. “Sales

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