DocuSign Inc (DOCU) Stock Drops On Tempered Outlook

The Smart Contract Company Loses 35% On Market Open

DocuSign Inc (DOCU) Stock Drops On Tempered Outlook The CEO of Docusign said that he does not see accelerated growth anymore. This remark on yesterday’s earnings calls spooked investors. Moreover, with a drop of more than 1/3 clearly investors have decided to use the exits.

Docu Drops 36% at 9:36am

However, some funds are coming out and defending the stock. Furthermore, now it has become a “technology value” to many players vs previously being a growth stock.

In addition, DocuSign now has a value of $28 billion. A huge discount from yesterday’s $45 billion.

Docu is seeing annualized revenue however of well north of $2 billion, so at 14x annualized revenue with significant double digit growth and margin expansion capability. Investors will wonder, if the stock is a buy now? Or rather will it go to 10x revenue.

In conclusion, there will surely be much tax selling now to pressure the stock. As a result of many investors being underwater in their positions and wanting to take their loss.

Will investors come into gobble up the shares or will we see continued selling?

DocuSign Inc (DOCU) Stock Drops On Tempered Outlook

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