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The company has seen a big uptick in business with COVID-19. Remember all the interactions that used to be mandatory in person, like signing mortgage, brokerage, and banking documents? Docusign can handle all of those tasks remotely.
The stock has not moved substantially on virus fears, trading just under $90, where it was in mid-February. In its latest quarter the company reported a 38% year-over-year revenue increase to $275 million.