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Is It Too Late to Buy DocuSign Stock?

TheMotleyFool

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DocuSign's (NASDAQ: DOCU) stock plunged 20% on March 11 after the e-signature and contract management services provider posted its fourth-quarter earnings report.

Revenue rose 35% year over year to $580.8 million, which beat analysts' expectations by $19 million. Adjusted net income grew 28% to $99.9 million, or $0.48 per share, which matched the consensus forecast.

DocuSign's headline numbers were decent, but it also expects a significant slowdown in fiscal 2023. So is it too late to buy this stock, which has lost roughly three-quarters of its value after hitting an all-time high last August?

Source Fool.com

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