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DocuSign shares tumbled 31% in premarket trading

Tiger Newspress2021-12-03

DocuSign shares tumbled 31% in premarket trading after the e-signature company’s quarterly revenue forecast missed analysts’ estimates, stoking concerns about slowing growth after the Covid-19 pandemic fueled a surge in demand in 2020.

If the drop holds through Friday’s close, it would be DocuSign’s worst one-day, post-earnings decline ever, according to data compiled by Bloomberg.

“After six quarters of accelerated growth, we saw customers return to more normalized buying patterns,” Chief Executive Officer Dan Springer said in a statement.

The company also reported billings for the fiscal third quarter that fell short of analysts’ projections. Quarterly adjusted profit and revenue came in stronger than expected.

DocuSign was up just 5.2% this year through Thursday’s close, valuing the company at $46 billion, after tripling in 2020.

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评论8

  • nctony
    ·2021-12-03
    Back to price[喷血] 
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  • JoelLee
    ·2021-12-03
    Need meh
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    收起
    • JoelLee
      Ya lor
      2021-12-03
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  • ekyong
    ·2021-12-03
    Wow..  
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  • XIN90
    ·2021-12-03
    Wow so extreme :(
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  • BearishBull
    ·2021-12-03
    I guess the novelty of e-signatures are wearing off and people are getting used to this being the normal. I do think that e-signatures are here to stay but the growth seen over the past year or so is not going to be sustainable. I, personally feel that companies like Docusign will still be a sound investment choice considering the fact that this business also is in line with ESG and waste reduction. 
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  • HH浩
    ·2021-12-03
    31% wow
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  • krng
    ·2021-12-03
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  • skylander
    ·2021-12-03
    Like pls
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    收起
    • JeremyKok
      hi. please like and comment back. thank you.
      2021-12-04
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