Guidewire Software Set to Announce Earnings Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Yahoo Finance
Guidewire Software's stock fell by 5.03% as it crossed below the 5-day SMA amid a broader market decline, with the Nasdaq-100 down 0.28% and the S&P 500 down 0.57%.
The company is expected to report a 21.2% year-on-year revenue growth this quarter, aligning with last year's performance, indicating sustained growth potential in the insurance software market. Additionally, analysts have reaffirmed their estimates, reflecting a positive outlook on the company's future performance, which may drive the stock price up following the earnings announcement.
Despite the current decline, the upcoming earnings report could boost investor confidence, especially given the company's recent performance and the positive sentiment from analysts.
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Analyst Views on GWRE
Wall Street analysts forecast GWRE stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
About GWRE
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. The Company's foundational core products, InsuranceSuite and InsuranceNow, are delivered primarily as cloud-based subscription services. These products serve as transactional systems of record, fully supporting insurance operations, including product definition, policy administration, claims management and billing. It provides digital engagement products that enable seamless sales, and omnichannel service. InsuranceSuite is a configurable and scalable product, delivered as a service, and primarily comprised of five core applications (PolicyCenter, ClaimCenter, BillingCenter, PricingCenter, and UnderwritingCenter) that can be subscribed to separately or together. InsuranceNow is a cloud-based application that offers policy administration, claims management, and billing functionality, plus pre-integrated document production, analytics, and other capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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