Docusign Stock Just Got Hammered. Here's Why the Market Got It Wrong and Why the Sell-Off Could Be a Buying Opportunity.

Docusign (DOCU 4.41%) shares tanked after the provider of electronic signature solutions cut its full-year guidance on billings. Billings are the total value of custom contracts signed, and are a leading indicator of future revenue growth. Despite the cut in billings guidance, I think the market is overreacting. Let's explore why. Bookings guidance disappoints, but may not be a negative Docusign was a pandemic winner that saw steep revenue growth in 2020 and 2021. However, this growth wasn't a new normal; i ...