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.

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Source Fool.com