原文標題：DocuSign shares plunge 42% after the company gave weak guidance
原文連結：https://reurl.cc/pxEDNa
發布時間：DEC 3 20219:00 AM
原文內容：
Shares of e-signature software maker DocuSign fell 42.2% Friday after the
company reported guidance for the fourth quarter that fell short of analyst
estimates.
DocuSign predicted fourth-quarter revenue would come between $557 million and
$563 million, while analysts had on average expected revenue of $573.8
million for the quarter, according to Refinitiv.
Still, DocuSign beat analyst expectations for the third quarter, reporting
earnings per share of 58 cents, adjusted, compared to 46 cents analysts
anticipated, and $545.5 million in revenue versus $531 million expected,
according to Refinitiv.
Several firms, including JPMorgan, Piper Sandler, UBS and Wedbush lowered
their ratings on the stock following the earnings report. While Citi analyst
Tyler Radke maintained a buy rating, he cut his price target from $389 a
share to $231, calling the report, “one of the biggest [software as a
service] whiffs in recent memory.”
“The pandemic tailwinds came to a much faster than expected halt for
DocuSign, catching the company off guard,” JPMorgan analyst Sterling Auty
wrote in a note to clients.
CEO Dan Springer said in an interview on CNBC’s “TechCheck” Friday that
the primary reason for the slowed growth was on the company’s execution,
rather than macro forces.
“The piece that DocuSign missed is we got to a place over the last year,
year and half where we were sort of fulfilling demand,” Springer said. “And
what we’d always done in the past is generated demand, out there driving
customer success, finding new use cases.”
Springer said the company “pulled back from that and we shouldn’t have.”
But, he said, righting the ship should not take too long, since the company
has managed to retain customers and it just needs to go back to earlier
strategies of creating new use cases for the product.
He called the market reaction to the earnings an “overly strong reaction.”
The company has seen rapid growth as it benefited from the rise of remote
work during the pandemic. DocuSign reported its sixth straight period of
revenue growth of over 40%, but said in the next quarter it anticipates
growth to come in around 30%.
Springer acknowledged Thursday that the figure would be a disappointment
after such exceptional growth earlier in the year.
“While we had expected an eventual step down from the peak levels of growth
achieved during the height of the pandemic, the environment shifted more
quickly than we anticipated,” Springer said on the earnings call.
Springer said on “TechCheck” Friday he doubts potential renewed pandemic
mitigation measures in the face of the omicron variant will produce another
spike in sales. He said his focus, for now, is to “control what we can
control.”
The company also said Thursday its president of international, who was
previously CFO, left the company on Nov. 30.
心得/評論：
一天 -40% 夠猛
順便帶賽 ADBE -8% 招待
DOCU 加入 ZM、PTON 的行列
Nasdaq 100 拖著這幾隻(還有沒這麼慘的 OKTA、CRWD、SPLK)再加上中概那幾隻
如果大型股又不給力
Nasdaq 繼續下去的可能性頗高