DocuSign’s Stock Collapse Sets Low Bar for Earnings
- The stock is among the biggest Nasdaq 100 decliners of 2022
- Netflix, Zoom, and Peloton have seen pandemic rallies reverse
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Expectations for DocuSign Inc.’s earnings are so low after a series of blowups at the one-time pandemic winner that some investors are wondering if it can get any worse.
Shares of the company, which provides electronic-signature services used in real estate and other businesses, have plunged 65% this year, the second-worst performance in the Nasdaq 100 Index. As with other companies that surged in the Covid-19 era -- including Netflix Inc., Zoom Video Communications Inc., and Peloton Interactive Inc. -- investors have scaled back their estimation of its growth prospects in a reopened economy.