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StockNews.com
StockNews.com
Business
Riddhima Chakraborty

SHOCKING: Is this saas stock worth buying for under 55 | Mind Blowing Facts

DOCU

Software-as-a-Services (SaaS) stock DocuSign, Inc. (DOCU) surpassed revenue estimates by $18.08 million for its latest reported quarter. However, it has lost 57.5% over the past year and 15.7% over the past six months to close the last trading session at $53.99.

Moreover, the tech and software industries has been suffering from mass layoffs amid economic uncertainties. Tech companies laid off more than 60,000 employees in 2022. DOCU also announced layoff plans in September 2022, which is expected to continue in 2023.

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