The pandemic impacted businesses in many different ways, including the exchange of how agreements were executed. Prior to the pandemic, it was not uncommon to be asked for a wet signature on important documents such as receipts, sales agreements, or leases. However, due to lockdowns and stay-at-home protocols, people were forced to adapt to new ways of performing daily tasks.
This dynamic made DocuSign 's (NASDAQ: DOCU) digital e-signature solution a pandemic-era lifeline as well as a household name. From January 2020 to December 2020, DocuSign's stock rose over 200%. However, the stock is down nearly 32% from this January and it has plunged nearly 35% after reporting Q3 earnings on Dec. 2. Let's dig in and find out if this dramatic decline in DocuSign stock was warranted.
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For further details see:
Were DocuSign's Q3 Earnings a Cause for Concern?