DocuSign Q1 Beats, ContraFect Conference Buzz, Bullish Sentiment Towards Uber and Lufax
- June 08th, 2023
- 381 views
DocuSign, Inc. (Nasdaq: DOCU), a renowned provider of electronic signature technology and digital transaction management services, reported its first-quarter fiscal 2024 financial results. The company exceeded expectations with adjusted earnings per share (EPS) of $0.72, beating the consensus estimate of $0.56.
DocuSign also provided its revenue guidance for the second quarter, expecting it to be in the range of $675 million to $679 million, surpassing the consensus estimate of $670.37 million.
$DOCU is trading at $61.01 in after-hours, reflecting a notable increase of $2.53 (+4.33%)
ContraFect Corporation (Nasdaq: CFRX), a company dedicated to combating drug-resistant infections, has also made significant strides. The company announced its participation in the upcoming ASM Microbe Conference to be held in Houston, Texas from June 15-19, 2023.
At the conference, ContraFect will present four posters showcasing the efficacy of CF-370, their innovative product, in a neutropenic rabbit pneumonia model against an extensively drug-resistant (XDR) strain of Klebsiella pneumoniae (K. pneumoniae).
The anticipation surrounding ContraFect's presentations has resulted in a substantial market response. In after-hours, $CFRX is currently trading at $2.39, representing a remarkable increase of $0.95 (+65.97%).
Uber Technologies, Inc. (NYSE: UBER), a prominent ride-hailing and food delivery company, has been initiated with an Overweight rating and a price target of $50 by Wells Fargo.
$UBER closed at $40.26 on Thursday, indicating a potential upside of $9.74 or 24.17% based on Wells Fargo's analysis.
Lufax Holding Ltd. (NYSE: LU), a prominent technology-driven personal financial services platform, has received an Outperform rating and a price target of $2.50 from Bernstein.
With $LU closing at $1.59 on Thursday, the price target implies a potential upside of $0.91 or 57.23%, as per Bernstein's evaluation.
These price targets and potential upsides are derived from the analysis and projections of Wells Fargo and Bernstein, respectively, and serve as a reflection of their outlook on the companies. Investors and market participants should carefully consider these opinions and conduct their own research before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026




Member Login