Clearwater Analytics (CWAN)

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Clearwater Analytics (CWAN) - 2024 Q4 - Annual Results
2025-02-19 21:16
Exhibit 99.1 Clearwater Analytics Announces Fourth Quarter and Full Year 2024 Financial Results Record Quarterly Revenue of $126.5 Million, Up 28% Year-Over-Year Annualized Recurring Revenue of $474.9 Million, Up 25% Year-Over-Year Net Revenue Retention Rate of 116% Net Income of $420.3 Million Adjusted EBITDA of $41.7 Million, Up 39% Year-Over-Year BOISE, Idaho — February 19, 2025 — Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading worldwide provider of S ...
Clearwater Analytics (CWAN) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-01-03 18:16
Core Viewpoint - Clearwater Analytics (CWAN) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Clearwater Analytics is expected to earn $0.44 per share for the fiscal year ending December 2024, reflecting a 33.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Clearwater Analytics has risen by 13.4% [8]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10].
Best Momentum Stocks to Buy for January 3rd
ZACKS· 2025-01-03 16:10
Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, January 3rd:Surmodics, Inc. (SRDX) : This company that provides performance coating technologies for the medical sector has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.8% over the last 60 days.Surmodics’ shares gained 3.3% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.Clearwater ...
Clearwater Analytics Holdings: Positive On Growth Acceleration
Seeking Alpha· 2024-12-04 17:37
Following my coverage on Clearwater Analytics Holdings (NYSE: CWAN ) in August, where I recommended a buy rating given the better growth outlook, this post is to provide an update on my thoughts on the business and stock. CWAN hasI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propen ...
Are Computer and Technology Stocks Lagging Clearwater Analytics Holdings (CWAN) This Year?
ZACKS· 2024-12-02 20:26
Group 1 - Clearwater Analytics (CWAN) has returned 55% year-to-date, outperforming the Computer and Technology sector's average return of 29.1% [4] - The Zacks Consensus Estimate for CWAN's full-year earnings has increased by 1.5% over the past 90 days, indicating improved analyst sentiment [4] - Clearwater Analytics is ranked 2 (Buy) in the Zacks Rank, which is a stock-picking model focusing on earnings estimates and revisions [3] Group 2 - Clearwater Analytics belongs to the Internet - Software industry, which has 145 companies and is currently ranked 39 in the Zacks Industry Rank [6] - The average return for the Internet - Software industry this year is 33.3%, showing that CWAN is performing better than its industry peers [6] - In contrast, AST SpaceMobile, Inc. (ASTS), another stock in the Computer and Technology sector, has a year-to-date return of 294.9% and is ranked 2 (Buy) [5]
Is Clearwater Analytics Holdings (CWAN) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-11-15 15:45
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Clearwater Analytics (CWAN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Clearwater Analytics is one of 619 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the ...
Clearwater Analytics (CWAN) - 2024 Q3 - Earnings Call Transcript
2024-11-07 04:37
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Joon Park - Head of IR Sandeep Sahai - CEO and Board Member Subi Sethi - Chief Client Officer Jim Cox - CFO Conference Call Participants Brian Schwartz - Oppenheimer Andrew Schmidt - Citi Yun Kim - Loop Capital Markets Rishi Jaluria - RBC Capital Markets Michael Infante - Morgan Stanley Peter Heckmann - D.A. Davidson Alexei Gogolev - JPMorgan Gabriela Borges - Goldman Sachs Dylan ...
Compared to Estimates, Clearwater Analytics (CWAN) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 02:00
Financial Performance - Clearwater Analytics reported revenue of $115.83 million for the quarter ended September 2024, representing a 22.4% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $0.12, up from $0.09 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $113.37 million by 2.17% [1] - The EPS also surpassed the consensus estimate of $0.11 by 9.09% [1] Key Metrics - Total Annual Recurring Revenue (ARR) was $456.90 million, slightly above the estimated $455.64 million [3] - The number of clients stood at 1,300, which was below the average estimate of 1,425 [3] - The net revenue retention rate was 114%, exceeding the estimated 110.1% [3] Stock Performance - Shares of Clearwater Analytics have returned +7.2% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Clearwater Analytics (CWAN) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-07 00:40
Clearwater Analytics (CWAN) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this automated investment accounting software developer would post earnings of $0.10 per share when it actually produced earnings of $0.10, delivering no surprise.Ove ...
Clearwater Analytics (CWAN) - 2024 Q3 - Quarterly Report
2024-11-06 21:24
Table of Contents Class A common stock, par value $0.001 per share CWAN New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the trans ...