DocuSign Shares Slide 23% as Margins Face Scrutiny

E-signature company reinvests savings from workforce reduction into product development

DocuSign plans to reinvest savings in areas of product development with an eye on growth.  Photo: Tiffany Hagler-Geard/Bloomberg News

DocuSign Inc. shares lost more than a fifth of their value Friday after the company warned of a worsening macroeconomic backdrop and analysts raised concerns about stepped-up competition for e-signature options.

Shares of the e-signature company closed 23% lower to $49.69. The stock is down about 47% over the last 12 months. 

What's News

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a member? Sign In

Sponsored Offers
  • TurboTax:
    TurboTax service code 2023 - $15 off
  • Michael Kors:
    Michael Kors promo code First Order: sign up for KORSVIP + Get 10% off
  • JCPenney:
    JCPenney Coupon Code: 30% Off Sitewide
  • Target:
    Target Promo Code: 20% off Entire Order
  • T.J. Maxx:
    10% Off TJ Maxx Coupon - Rewards Credit Card
  • Best Buy:
    Deal of the Day! Claim as much as 50% OFF - Best Buy Coupon