Were DocuSign's Q3 Earnings a Cause for Concern?
The pandemic impacted businesses in many different ways, including the exchange of how agreements were executed. Prior to the pandemic, it was not uncommon to be asked for a wet signature on important documents such as receipts, sales agreements, or leases. However, due to lockdowns and stay-at-home protocols, people were forced to adapt to new ways of performing daily tasks.
This dynamic made DocuSign's (NASDAQ: DOCU) digital e-signature solution a pandemic-era lifeline as well as a household name. From January 2020 to December 2020, DocuSign's stock rose over 200%. However, the stock is down nearly 32% from this January and it has plunged nearly 35% after reporting Q3 earnings on Dec. 2. Let's dig in and find out if this dramatic decline in DocuSign stock was warranted.
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Source Fool.com
