Reported about 13 hours ago
DocuSign, Inc. experienced a significant drop in share prices of 18.97% on Friday, closing at $75.28 after the company revised its full-year billing outlook downward, now expecting between $3.285 billion and $3.339 billion. This forecast change follows a transition to an AI-driven agreement platform, which impacted early renewals more severely than anticipated, as noted by CEO Allan Thygesen. Despite a notable increase in net income and revenue growth during the first quarter, DocuSign ranks as one of the worst-performing stocks from that day.
Source: YAHOO