Zeal for Zoom Spreads to DocuSign, Other Stay-at-Home Stocks

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Investing.com —  DocuSign (NASDAQ:DOCU) jumped 17% to a record on the heels of Zoom Video’s tremendous quarterly earnings and its own skyrocketing stock. 

Other work-from-home stocks rose, including Teladoc (NYSE:TDOC), up 3.7%, Slack Technologies Inc (NYSE:WORK), up 3.4% and Chegg (NYSE:CHGG), up 4.6%. Direxion Work From Home ETF (WFH) rose almost 4%, and is also trading at an all-time high.

DocuSign is expected to report earnings per share of 8 cents on sales of $319 million when it publishes results on Friday.

Late Monday, Zoom Video Communications Inc (NASDAQ:ZM) reported earnings per share of 92 cents, more than twice the estimate, on sales of $663.52 million, versus the expected $500.16 million. Shares are up more than 43% Tuesday.

DocuSign is up 236% in 2020.