Guidewire Software is a leading technology company that provides software solutions for property and casualty insurance companies
Their platform offers a suite of applications designed to help insurers manage their core operations, including underwriting, policy administration, claims management, and billing. By enabling insurers to streamline processes and enhance customer engagement, Guidewire empowers these organizations to adapt to evolving market demands and improve overall efficiency. With a focus on innovation, the company also supports its clients with cloud-based services and data analytics, facilitating better decision-making and risk management in an increasingly competitive landscape.
Shares of insurance industry-focused software maker Guidewire (NYSEGWRE) jumped 9.7% in the afternoon session after Goldman Sachs analyst Adam Hotchkiss initiated coverage of the stock with a Buy rating and a $210 price target. Hotchkiss thinks Guidewire's leadership in the key end markets and the momentum from customers migrating to the cloud should continue to support growth.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Manhattan Associates (NASDAQMANH).
Guidewire’s 26.4% return over the past six months has outpaced the S&P 500 by 20.2%, and its stock price has climbed to $171.36 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Bentley (NASDAQBSY).
Guidewire Software had another solid quarter, including improved guidance, with analysts lifting their price targets and leading the market to new highs.
Stocks are a mixed bag to end the week as investors unpack this morning's key employment data, which showed nonfarm payrolls of 227,000 beating expectations of 214,000.
Insurance industry-focused software maker Guidewire (NYSEGWRE) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 26.8% year on year to $262.9 million. Guidance for next quarter’s revenue was optimistic at $285 million at the midpoint, 2% above analysts’ estimates. Its non-GAAP profit of $0.43 per share was 44.9% above analysts’ consensus estimates.
