On Dropbox, no opinion, long term or as a daytrade?
As a daytrade, I doubt its worthwhile today at $22.50
You might get $0.60 if lucky.
EDIT: Reset DOCU stop at $65.73, might sell if not above $70 in 25 minutes.
WINNER WINNER EITHER WAY
feast children!
It seems steady here Van.
DocuSign Stock Tumbles. Its Growth Story Is Over.
Updated June 10, 2022 10:25 am ET / Original June 10, 2022 8:06 am ET
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The company trimmed its billings guidance for the fiscal year ending in January.
Courtesy DocuSign
It seems that another pandemic success story has ended. Shares of
DocuSign DOCU –21.69% sank early Friday after the electronic signature solutions company cut its fiscal-year guidance.
Analysts were less than impressed with the outlook from DocuSign (ticker: DOCU). Wedbush analyst Daniel Ives said he believes the company’s core growth story is essentially over “with the clock striking midnight following a billings guidance drop of ~$200 million pointing to an uncertain future for the remainder of FY23.”
DocuSign trimmed its billings guidance for the fiscal year ending in January to a range of $2.52 billion to $2.54 billion, down from a previous target of $2.71 billion to $2.73 billion.
“The demise of DOCU’s growth story continues as the WFH [work from home] poster child faces new and ongoing complications with the selling environment following Covid’s pull-forward effect on sales over the previous two years,” Ives said in his research note. He maintained his Underperform rating on the stock but lowered his price target to $50 from $60.
I dunno I say Drop Box because people are sniffing to buy...///