This market is savage. DocuSign was down 70% going into earnings. And on Friday, the stock fell 20%. The company had a market cap of $60 billion in August and is now $15 billion today.
The top line is still growing at an impressive clip (35%), but guidance came in worse than expected. In this market, there is no margin for error. Give investors an inch and they’ll take 20% in an instant. 42x sales to 7x. Ouch.
The top line is still growing at an impressive clip (35%), but guidance came in worse than expected. In this market, there is no margin for error. Give investors an inch and they’ll take 20% in an instant. 42x sales to 7x. Ouch.
Docu…
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