1 Green Flag for DocuSign in 2022, and 1 Red Flag
DocuSign's (NASDAQ: DOCU) stock price has been cut in half over the past two months. Most of that decline occurred in early December when the e-signature-services leader followed up a solid third-quarter earnings report with mixed guidance for the fourth quarter.
DocuSign expects its revenue to rise 29%-31% year over year in the fourth quarter of fiscal 2022, which represents a slowdown from its 49% growth in the first nine months of the year. Analysts had expected 34% growth.
Image source: Getty Images.
Source Fool.com
