DocuSign Forecasts a Slowdown. Time to Sell?
Shares of DocuSign (NASDAQ: DOCU) fell around 17% the morning after the company reported earnings from its fiscal fourth quarter ended Jan. 31, 2023. The growth it just reported was relatively impressive, but management is predicting a slowdown in the quarters ahead.
Investment bank analysts have downgraded DocuSign in response to its soft outlook. Is now the right time to sell the stock? Before making any knee-jerk decisions that you could live to regret, let's weigh the bad news against the good.
Pandemic-related lockdowns accelerated growth a couple of years ago. Despite the difficult comparison, total revenue rose 14% year over year during DocuSign's fiscal fourth quarter.
Source Fool.com
