FedEx (FDX): The delivery company announced cost-cutting measures and rate hikes after warning in preliminary fiscal first-quarter results of weakening demand. FedEx released its fiscal first-quarter results in an 8-K before the close of trading Thursday, sending shares up 0.8%. The company outlined plans to save up to $2.7 billion in fiscal 2023 and up to $4 billion by fiscal 2025. “We’re moving with speed and agility to navigate a difficult operating environment, pulling cost,… Source link
Read More »DocuSign names former Google executive Allan Thygesen as new CEO
Allan Thygesen, attends the YouTube Brandcast 2022 at Imperial Theatre on May 17, 2022 in New York City. Roy Rochlin | Getty Images DocuSign shares rose more than 3% in extended trading after the electronic signature software maker announced it has hired an Alphabet executive, Allan Thygesen, to be its next CEO. The announcement comes three month after DocuSign said its CEO for the past five years, Dan Springer, was stepping down. Like other cloud software companies, DocuSign enjoyed a wave of… Source link
Read More »DocuSign shares fall 40%, CEO said he is buying $5 million worth of more stock
DocuSign (DOCU) CEO Dan Springer is owning up to some execution mistakes in the third quarter that did their part to send shares down more than 40% on Friday as traders digested the company’s latest earnings report. But, Springer told Yahoo Finance Live he will buy shares next week as the one-day plunge doesn’t make sense given DocuSign’s leadership position and growth potential. “I am surprised, I’ll be straightforward with you. I do not see the reaction in the stock price to be… Source link
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