For instance, shares of DocuSign (NASDAQ: DOCU) and Zoom Video Communications (NASDAQ: ZM) have dropped 63% and 78%, respectively, from their highs, as Wall Street continues to weigh the impact of high inflation and potential interest rate hikes on corporate profitability.
Full Answer
Should I buy or sell DocuSign stock?
Dec 03, 2021 · This is why it happened. The stock price of DocuSign Inc (NASDAQ: DOCU) fell by over 30% pre-market today. Investors responded negatively to what was revealed in the company’s fiscal quarter ended October 31, 2021. Q3 Financial Highlights — Total revenue was $545.5 million, an increase of 42% year-over-year.
Why did DocuSign’s growth slump?
Dec 08, 2021 · DocuSign ( DOCU -3.23% ) stock tumbled 11.5% in November as work-from-home stocks took a beating. There wasn't any major company-specific news for DocuSign last month, but it couldn't overcome a ...
What drove DocuSign’s shares down Friday?
Mar 12, 2021 · DocuSign's revenue surged 57% year over year to $430.9 million, while its adjusted earnings per share more than tripled, to $0.37. DocuSign's cash generation was …
How did DocuSign’s Q3 earnings beat analyst expectations?
Dec 03, 2021 · CEO Dan Springer said in an interview on CNBC’s “TechCheck” Friday that the primary reason for the slowed growth was on the company’s execution, rather than macro forces. “The piece that DocuSign...
Why did DocuSign stock drop today?
DocuSign Stock Drops As Traders Focus On Slowing Growth DocuSign reported total revenue of $580.8 million and adjusted earnings of $0.48 per share, beating analyst estimates on revenue and meeting them on earnings. On a GAAP basis, the company reported a loss of $0.15 per share.Mar 11, 2022
Why was DocuSign down?
Shares of DocuSign ( DOCU -2.90% ) plunged on Friday after the e-signature leader warned of slowing growth in the coming year. As of 3 p.m. ET, DocuSign's stock price was down more than 20%.Mar 11, 2022
What is the future of DocuSign stock?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for DocuSign Inc have a median target of 100.00, with a high estimate of 180.00 and a low estimate of 75.00. The median estimate represents a +7.90% increase from the last price of 92.68.
Is docu a buy or sell?
Out of 13 analysts, 1 (7.69%) are recommending DOCU as a Strong Buy, 2 (15.38%) are recommending DOCU as a Buy, 9 (69.23%) are recommending DOCU as a Hold, 0 (0%) are recommending DOCU as a Sell, and 1 (7.69%) are recommending DOCU as a Strong Sell.
Concerns about slowing growth rattled investors
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of DocuSign ( NASDAQ:DOCU) fell 6.6% on Friday, following the release of the e-signature leader's fourth-quarter results.
So what
DocuSign's revenue surged 57% year over year to $430.9 million, while its adjusted earnings per share more than tripled, to $0.37. DocuSign's cash generation was also impressive. Its operating cash flow climbed 37% to $62.2 million, while its free cash flow soared 184% to $44 million.
Now what
The coronavirus, and the social distancing measures enacted to combat its spread, accelerated the trend toward remote work over the past year. That led to greater demand for DocuSign's digital contract management services.