DocuSign will stay a public company, according to the electronic signature platform's CEO. Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following reports that private equity firms had considered a takeover.
DocuSign CEO Allan Thygesen said the online contract-signing platform is committed to staying public after rumored takeover interest from private equity firms.
DocuSign's (DOCU) robust acquisition of eSignature customers, improvement of offerings and popularization of Agreement Cloud products are major tailwinds.
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DocuSign has suffered a grueling slowdown over the past few years. ServiceNow continues to grow at a steady rate in an unpredictable market.
DocuSign (DOCU) reachead $60.50 at the closing of the latest trading day, reflecting a +0.47% change compared to its last close.
Amid rising competition, DocuSign has pivoted into contract lifecycle management. Although it has turned profitable, the company's rate of revenue growth continues to slow.