DocuSign shares fell Friday after Wall Street said an ongoing reorganization of the company will likely cause near-term turbulence.
DocuSign shares fell Friday after Wall Street said an ongoing reorganization of the electronic-signature company will likely cause near-term turbulence, even as it topped expectations for the quarter.
Late Thursday, DocuSign topped Wall Street estimates for the quarter, and announced it was looking for a new chief financial officer as Cynthia Gaylor was stepping down from that position. “However, [the company] guided for 21-23% margins in F24 below investor expectations, as DocuSign plans to reinvest the cost savings from the 2nd RIF on the product side,” Thill said. “We will keep an eye on these investments and where they drive the product strategy.”
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