Watch DocuSign, Broadcom, and Robinhood
DocuSign (DOCU) gave up gains achieved in the last month when shares dropped by 18.97%. DOCU stock dropped when the company cut its full-year guidance.In the first quarter, the software firm earned $0.90 a share. Revenue increased by 8% Y/Y to $763.7 million. In Q2, however, DocuSign is expecting revenue of $777 million to $781 million. The board authorized another $1 billion in share buyback, increasing the total to $1.4 billion.DOCU stock could fall further as investors question the lack of a moat. Customers have plenty of alternative document signing options.Broadcom (AVGO) might break from an uptrend that started in April. Shares traded below $150 back then and above $250 before the earnings report. The company posted revenue of $15 billion. It is guiding $15.8 billion in revenue for Q3. Guidance may potentially rise, once the firm wins business from two or three major customers. Apple (AAPL) is a possible client by the end of this year.Robinhood (HOOD), a trading platform, has a strong customer base. At an investor conference, the company grew equity notional trading volumes by 10% month-over-month. This is an all-time high. Option contract trade volumes increased by 5%. In addition, crypto trading volume grew by 30% from last month.
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