Market watch docusign software#

O n the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article.

But in the near-term, DOCU stock looks be headed much lower, further erasing any profits that shareholders may have had. Whether DocuSign can recover in the long run remains to be seen. DocuSign stock craters after earnings as growth story is now essentially over. Prospects for the company and its stock do not look good following the latest earnings print. Get the latest Docusign Inc (DOCU) real-time quote.

ItвЂ™s a bad day to be a shareholder of DocuSign. ECB Decision, Meta Trades, DocuSign Earnings: 3 Things to Watch. In announcing its earnings, DocuSign said that it now plans to slow its pace of hiring this year вЂњto appropriately balance growth and profitability.вЂќ WhatвЂ™s Next for DOCU Stock Get real-time DocuSign (DOCU) stock price quotes, analyst insights, forecasts, news. Since then, the share price has come down 72% to now trade at less than $90.ДocuSign has said that its business growth has slowed coming out of the pandemic, and that it has been struggling to adjust to the new environment as companies return to working in the office and resume in-person meetings. DOCU stock hit an all-time high of just under $315 a share last summer. ThatвЂ™s inline with the consensus estimate of analysts for Q2 revenue of $601.7 million.В For all of this year, DocuSign sees $2.47 billion to $2.48 billion in revenue, compared to the $2.479 billion expected on the street.ДocuSign experienced strong growth during the pandemic as companies working remotely relied heavily on its electronic signature and contract management software. DocuSign shares plunges 16 on earnings miss. Looking ahead, DocuSign forecast revenue of $600 million to $604 million for the current second quarter. DOCU: Get the latest DocuSign stock price and detailed information including DOCU news, historical charts and realtime prices. Worst of all, DocuSign announced that its net loss widened to $27.4 million from $8.3 million during the year-earlier period. The companyвЂ™s revenue totaled $588.7 million compared to $581.8 million that had been anticipated. What HappenedДocuSign reported earnings per share of 38 cents compared to 46 cents that was expected by analysts, according to Refinitiv data.

Market watch docusign software#

DOCU stock is down 44% year-to-date to $87.36 a share, dropping along with the rest of the software sector. At the same time, DocuSign gave lukewarm forward guidance that has further hurt confidence in the company, putting additional pressures on its already battered share price. The San Francisco-based company, which allows organizations to manage electronic agreements, reported earnings that fell well short of expectations on Wall Street, sending its stock plummeting today. That sticky ecosystem has consistently expanded as more businesses have digitized their operations, eliminated paper-based contracts, and shifted toward remote and hybrid workflows.DocuSign (NASDAQ: DOCU) stock is down more 25% today after the maker of electronic signature software reported disappointing quarterly results. Shares of DocuSign ( DOCU -24.53) jumped higher on Thursday, gaining as much as 4.5 earlier in the session, though the stock ended the trading day up 4.4. It bundles those tools with its contract management services in its subscription-based DocuSign Agreement Cloud. Its platform provides more than 350 prebuilt integrations with popular business apps. Will it go up tomorrowDisclaimer: This is NOT financial advice. It ended the first quarter of fiscal 2023 with 1.24 million customers, representing 25% growth from a year ago, and it already serves most of the Fortune 500's top financial, healthcare, and technology companies. Should investors start accumulating some shares of this fallen growth stock? What does DocuSign do?ДocuSign has conquered about 70% of the e-signature market since its inception in 2003. Those headline numbers were messy, but DocuSign stock now trades nearly 80% below its all-time high from last September. On a generally accepted accounting principles ( GAAP) basis, its net loss more than tripled from $8.4 million to $27.4 million. However, its adjusted net income declined 16% to $77.5 million, or $0.38 per share, falling eight cents short of the analyst consensus. The e-signature and contract management services provider reported revenue growth of 25% year over year to $588.7 million, which beat analysts' expectations by $6.8 million.

DocuSign (NASDAQ: DOCU) stock plunged 23% during the after-hours session on June 9 following the release of its first-quarter earnings report.