DocuSign's (DOCU) workforce reduction is sending a negative demand signal about FY24 growth, says a UBS analyst. Geroge Tsilis discusses how DOCU has been downgraded to sell from neutral at UBS. UBS also notes that DOCU's free cash flow does not look compelling relative to other low-growth software peers. George them demonstrates an example trade using DOCU. The trade type is a call vertical, and the direction is neutral to bearish. Tune in to find out more about the stock market today.
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