DocuSign Shares Sink on Guidance. Time to Buy the Dip?
Shares of (NASDAQ: DOCU) were sliding after the electronic signature-solutions provider reported its fiscal 2025 first-quarter results. The stock is down over 10% year to date after a late surge in 2023 when the company was close to selling itself to private equity.
Let's take a closer look at the company's most recent quarterly results and determine whether the dip in stock price is a buying opportunity.
For the quarter ended April 30, DocuSign's revenue climbed 7% year over year to $709.6 million. Subscription revenue rose 8% to $691.5 million, while professional-service revenue fell 18% to $18.2 million. Management had previously guided for total Q1 revenue between $704 million and $708 million.
Source Fool.com
DocuSign Inc. Stock
€51.31
0.510%
Our community is currently low on DocuSign Inc. with 4 Buy predictions and 8 Sell predictions.
A slightly negative potential of -12.3% at a current price of 51.31 € for DocuSign Inc. is the result of a target price of 45 €.
