Why DocuSign Stock Got Shredded on Friday

·2 min read
Why DocuSign Stock Got Shredded on Friday

Shares of DocuSign (NASDAQ: DOCU) were crushed in early trading Friday, plunging as much as 41.4%. While DocuSign's revenue and earnings beat estimates, several factors suggest rapidly decelerating revenue growth. For its fiscal 2022 third quarter (ended Oct. 31), DocuSign delivered revenue of $545.5 million, up 42% year over year, driven by subscription revenue of $528.6 million, up 44%.

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