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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DocuSign stock plunges 40% on soft revenue outlook

18:08 3 December 2021

DocuSign (DOCU.US) stock slumped 40% during today's session after the business software company offered earnings guidance below expectations, suggesting the boom from remote work may be lessening. The developer of e-signature software expects fourth-quarter revenue in the region between $557 million and $563 million, while analysts had on average expected revenue of $573.8 million for the quarter, according to Refinitiv. This announcement overshadowed upbeat quarterly results. Company earned 58 cents per share, compared to analysts’ estimates of 46 cents per share. Revenue of $545.5 million also topped market projections of $531 million. “After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth,” CEO Don Springer said in the company’s quarterly earnings release.

DocuSign (DOCU.US) stock launched today’s session with a massive bearish price gap and is currently testing support at $ 147.00 which is marked with 61.8% Fibonacci retracement  of the upward wave launched back in 2018. Should break lower occur, downward move may accelerate towards psychological $100 level which coincides with 78.6% Fibonacci retracement. On the other hand, if buyers manage to regain control here, then upward impulse towards local resistance at $178.00 may be launched. Source: xStation5

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