AMPL - DocuSign plunge leads Asana Twilio other SaaS stocks lower

As DocuSign (NASDAQ:DOCU) plunged 20% on Friday, the result of slowing growth in the days ahead, several other software-as-a-service stocks followed suit, including industry stalwarts such as Twilio (NYSE:TWLO). Stocks like Asana (NYSE:ASAN), Coupa Software (NASDAQ:COUP), Twilio (TWLO), Anaplan (NYSE:PLAN) and several others declined more than 5%, after DocuSign (DOCU) said revenue guidance for fiscal 2023 would be $2.48 billion, implying growth of just 18%, down from 45% in its just completed fiscal year. Amplitude (NASDAQ:AMPL) and Elastic (NYSE:ESTC) also dropped more than 5%, while other stocks in the sector, including Fiverr (NYSE:FVRR), Wix.com (NASDAQ:WIX) and fellow COVID-19 favorite Zoom Communications (NASDAQ:ZM) fell 2% of more. On Thursday, DocuSign (DOCU) reported revenue of $2.1B for the fiscal year ending January 31st 2022, and provided revenue guidance of $2.48B for the fiscal year ending January 31st, 2023. DocuSign's (DOCU) year-over-year revenue growth in the just completed fiscal year was 45%, and its guidance suggests revenue growth for

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DocuSign plunge leads Asana, Twilio, other SaaS stocks lower