All articles tagged with #docusign
U.S. stocks rose amid strong job data, with Tesla rebounding as tensions eased between Elon Musk and Donald Trump. Shares of Lululemon and G-III Apparel fell due to tariff concerns, while Docusign declined after lower billings and AI strategy shifts. Cryptocurrency stocks gained on industry enthusiasm, and oil prices increased amid trade optimism.
Docusign's stock surged by 28.7% after the company reported better-than-expected third-quarter earnings and provided strong guidance for the full year. The company saw an 8% revenue growth to $754.8 million and non-GAAP earnings per share of $0.90, surpassing analyst expectations. Docusign's projected billings for Q4 are between $870 million to $880 million, indicating positive investor sentiment. Despite the rally, the stock remains over 70% below its 2021 peak, and some caution is advised due to its current valuation.
Ahead of the November jobs report, U.S. stock futures remain flat, with economists expecting a rebound in employment figures. Lululemon shares rise after strong revenue growth and an improved sales forecast, while Docusign's stock surges following a quarterly profit that exceeded expectations. President-elect Donald Trump appoints David Sacks as "White House A.I. & Crypto Czar" to guide policy on artificial intelligence and cryptocurrency.
Stocks of Vail Resorts, DocuSign, Samsara, and Braze experienced significant movements in after-hours trading.
Palantir, Spotify, UPS, and DocuSign are among the stocks making significant moves midday, with Palantir rising after securing a contract with the National Nuclear Security Administration, Spotify dropping after reporting a wider-than-expected loss, UPS climbing following an earnings beat, and DocuSign falling despite beating earnings and revenue estimates.
DocuSign is cutting 6% of its workforce as sale talks with private equity firms Bain Capital and Hellman & Friedman appear to have stalled, resulting in a restructuring effort to strengthen financial and operational efficiency. The company, which had been a pandemic darling, has faced increasing competition and a decline in valuation. The layoffs will mostly affect sales and marketing staff, and the company expects to incur about $28 million to $32 million in restructuring charges. This news adds to a trend of job cuts in the technology industry, with companies like Snap Inc. and Okta Inc. also announcing workforce reductions.
DocuSign is laying off 6% of its workforce, affecting around 400 employees, mainly in sales and marketing, as part of a restructuring plan expected to cost $28-32 million. This comes amid stalled takeover talks with private equity firms Bain Capital and Hellman & Friedman. The company's valuation has dipped from its pandemic peak, prompting the layoffs to strengthen financial efficiency. CEO Allan Thygesen stated that the layoffs were necessary due to the time it will take for new product releases to impact revenues, despite exploring other cost-cutting measures.
DocuSign plans to lay off 6% of its workforce, affecting around 440 jobs, as part of a restructuring aimed at improving financial and operational efficiency, with the majority of impacted employees coming from sales and marketing. The company expects to complete the restructuring by the end of its second fiscal quarter of 2025 and aims to meet or exceed its fourth-quarter and fiscal year 2024 guidance. Shares of DocuSign fell over 6% in premarket trading following the announcement, and talks with potential buyers have reportedly stalled over deal price disagreements.
DocuSign's stock dropped 8.5% after reports that acquisition talks with private equity firms, Bain Capital and Hellman & Friedman, have stalled due to disagreements over the acquisition price. Despite the setback, DocuSign's market capitalization of nearly $11 billion makes it an attractive acquisition target, and the company's top-line growth has stabilized, with potential for its first-ever full-year net profit. However, with hopes of a lucrative acquisition premium fading, the stock has pulled back, reflecting investor sentiment.
Private equity firms Bain Capital and Hellman & Friedman are in a bidding war to acquire DocuSign Inc, a provider of online signature services with a market value of about $12.5 billion. Blackstone Inc, another buyout firm, is no longer in contention. The outcome is expected in the coming weeks, and while the investment firms have not joined forces, they may partner down the line to clinch a deal. DocuSign shares surged 9.3% on the news, and the company reported quarterly adjusted earnings of 79 cents per share for the quarter that ended in October.
DocuSign's stock surged 10% following reports that private-equity firms Bain Capital and Hellman & Friedman are competing to acquire the company, with an outcome expected within weeks. Blackstone Inc. had discussions about a possible deal but is no longer in the running, according to the Reuters report.
Private equity firms Bain Capital and Hellman & Friedman are reportedly competing to acquire DocuSign Inc, a provider of online signature services with a market value of about $12 billion, causing DocuSign stock to surge more than 9%. The two firms are among the final bidders in the auction for DocuSign, with the possibility of partnering down the line to clinch a deal. Blackstone Inc, another buyout firm, is no longer in contention. DocuSign went public in 2018 at a $6 billion valuation and has seen growth in its quarterly earnings and revenue. The potential acquisition comes amid a slowly improving financing outlook for large leveraged buyouts.
Private equity firms Bain Capital and Hellman & Friedman are in a bidding war to acquire DocuSign Inc, a provider of online signature services with a market value of about $12.5 billion. Blackstone Inc, another buyout firm, is no longer in contention. The outcome of the auction is expected in the coming weeks, and it's possible that the competing firms may partner to clinch a deal. DocuSign's shares rose 9.3% on the news, and the company reported a rise in quarterly adjusted earnings and revenue. This potential acquisition is set to be one of the biggest leveraged buyouts of 2024.
DocuSign shares surged by 14% following reports that the e-signature software company is exploring a potential sale. Talks are still in the early stages, and the company has not yet commented on the matter. After experiencing a significant drop in value last year, DocuSign's recovery has been less remarkable compared to its tech peers. The company went public in 2018 and experienced a surge in demand during the pandemic but has faced slower growth since the reopening of the economy and competition from Adobe and Dropbox.
DocuSign, the e-signature company that experienced significant growth during the pandemic, is reportedly considering a sale valued at over $11 billion. Private-equity firms and technology companies are among the potential suitors. DocuSign's stock surged over 11% following the news, but the company has struggled to maintain its earlier growth rates as offices resume in-person activity.