Doximity Surges on Earnings Beat, Strong Outlook, Stock Buyback Announcement

Key Takeaways Doximity shares jumped Friday morning after the digital medical networking company topped quarterly earnings forecasts, provided a better-than-expected current-quarter outlook, and unveiled a stock buyback program. Subscription revenue in the fiscal fourth quarter was $112.7 million, a 9% increase from a year earlier, helping to boost top-line growth. Monitor the$ 28 level, an area where the stock may find overhead resistance from a horizontal line connecting a series of price action over the ...