Down 84%, Is Docusign a Buy on the Dip?

Strong cash flow is encouraging, but decelerating growth is deeply troubling. Docusign's market capitalization peaked above $61 billion in 2021. This was way too high for a company that had less than $2 billion in annual sales at the time. Trailing-12-month revenue increased to $2.8 billion, but this growth hasn't been fast enough to meet previous expectations. Businesses with annual revenue growth at a mid-single-digit percentage can still produce market-beating gains for patient investors if they have hea ...