What happened Shares of digital document-signing specialist DocuSign (NASDAQ: DOCU) rose 7.1% in March, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned negative-12.4%. Last month's market plunge was a continuation of the sell-off that began in mid-February that's being driven by investors' concerns about the economic fallout from the novel coronavirus pandemic. (So far this month, though Monday, April 6, DocuSign stock is up 2.2%, versus the broader market 1.5% return.) Image source: Getty Images. So what We can attribute DocuSign's solid performance last month to two factors: the technology company's March 12 release of a strong fourth-quarter earnings report and investor optimism that its business won't be negatively affected by the COVID-19 pandemic. In fact, there's reason to believe that its business could get a boost from the crisis. Its services enable people to conduct transactions remotely that may otherwise need to be done in-= person. In the fourth quarter, DocuSign's revenue rose 38% year over year to $274.9 million and its adjusted earnings per share (EPS) doubled to $0.12. Both results easily beat the Wall Street consensus estimates, which were for EPS of $0.05 on revenue of nearly $266 million. Now what DocuSign management guided for first-quarter 2020 revenue of about $282 million. That projection pleased the market, as analysts had been modeling for $276 million. 10 stocks we like better than DocuSignWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DocuSign wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends DocuSign. The Motley Fool has a disclosure policy.Source