DocuSign Stock Sinks After Billings Shortfall

Core Insights - DocuSign Inc (NASDAQ:DOCU) stock has dropped 17.1% to $76.99 despite reporting fiscal first-quarter earnings of$0.90 per share and revenue of $763.7 million, surpassing estimates of$0.81 and $747 million respectively [1] - Billings of$739.6 million fell short of the consensus estimate of $746.2 million, raising concerns about slowing demand [1] - The company's 2026 billing guidance was disappointing, contributing to the stock's decline, which has erased its year-to-date gains, now down 13.8$85 to $80 [2] - Options trading volume is significantly high, with over 21,000 contracts exchanged, which is 30 times the average for the day, indicating strong interest in the weekly 6/6 80-strike put options expiring today [2]