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DocuSign
stock is down sharply Tuesday after UBS analyst Karl Keirstead cut his rating on the electronic-signature software company to Sell from Neutral, seeing the company’s recent round of job cuts as a “negative demand signal” that might not be factored into the stock.
Last week, DocuSign (ticker: DOCU), announced a 10% reduction in staff, affecting about 700 people. That follows a 9% job cut in September.
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