The San-Francisco-based electronic-signature software company posted better-than-expected results, yet shares dropped with fears of DocuSign Inc (NASDAQ: DOCU) facing deteriorating demand trends, competition from no other than Microsoft Corporation (NASDAQ:
Gainers
Barnes & Noble Education, Inc. (NYSE: BNED) rose 25% to $2.15 in pre-market trading after the company posted better-than-expected quarterly sales.
Wells Fargo cut the price target for SVB Financial Group (NASDAQ: SIVB) from $350 to $300. Wells Fargo analyst Steven Shaw maintained an Overweight rating. SVB Financial shares fell 29.1% to $190.02 in pre-market trading.