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Guidewire Software (GWRE) shares have been performing well on the trading front, with a gain of 53.3% in the past six months compared with the S&P 500 composite and sub-industry's growth of 9.5% and 14.3%, respectively. The stock has gained 21.3% since the announcement of better-than-expected fourth-quarter fiscal 2024 results on Sept. 5. GWRE attained its 52-week high level of $176 on Sept. 20 before closing the session at $174.54. The company's earnings surpassed the Zacks Consensus Estimate in each of th ...

I recommended a buy rating for Guidewire Software (NYSE: GWRE ) when I wrote about it in March this year, as I believed the share price back then was not reflecting the fundamental I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K ________________________________________ (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Securities registered pursuant to Section 12(g) of the Act: No ...

PARIS and LONDON and NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale-ups, with participation from Partners Group, one of the largest firms in the global private markets industry acting on behalf of its clients ...

The fear of an economic recession has been ever prevalent for years. Investors constantly wonder how to protect their portfolios in the event of a recession. Certain industries have historically and logically shown to be recession-resistant because they are essential. Healthcare is a necessity regardless of an economic recession or expansion. While the medical sector is vast, there are certain constants when it comes to the healthcare industry. Insurance is another industry that remains resilient despite ec ...

Company Updates - Arch Insurance North America has adopted Guidewire ClaimCenter as its new claims management system, aiming to streamline and upgrade its claims operations [1][2] - Arch Insurance also selected other Guidewire products including Guidewire Canvas, Guidewire Explore, and Guidewire Predict to enhance operational efficiency and risk management [3] - SAISON Auto & Fire Insurance adopted Guidewire ClaimCenter in July 2024 to facilitate its insurance claim operations [4] - Guidewire won 42 cloud deals in fiscal 2024, including 13 for InsuranceSuite Cloud, with users such as Capital Insurance Group and FMG [6] - Guidewire's revenues rose 8% year over year to $291.5 million in the last reported quarter, beating estimates and driven by strong sales activity in Asia Pacific and EMEA [7] - The company expects fiscal 2025 total revenues to be between $1.135 billion and $1.149 billion, with subscription revenues forecasted to grow 34% year over year to $642 million [8] - Guidewire's shares gained 80.9% in the past year, outperforming the sub-industry's growth of 23.8% [10] Industry Trends - The global Software-as-a-Service market is expected to witness a CAGR of 18.4% between 2024 and 2032 [8] - The insurance industry is rapidly evolving, with increasing demand for transforming claims management to optimize processes and enhance customer satisfaction [4] Competitive Landscape - Arista Networks delivered a trailing four-quarter average earnings surprise of 15.02%, with an 8.25% surprise in the last reported quarter [13] - Harmonic delivered a trailing four-quarter average earnings surprise of 32.5% [14] - Ubiquiti improved its visibility for future demand and inventory management through effective management of its global network of distributors and resellers [15]

While the company recorded declines in certain line items, overall it posted a satisfying fourth quarter. As the trading week came to a close, investors were piling into Guidewire Software (GWRE 13.05%) stock. The developer of software solutions for the insurance industry released quarterly results after market hours Thursday, and the following day its shares were a big hit. As of midafternoon, they were up by nearly 12%. That was a far better performance than the almost 2% decline of the S&P 500 index at t ...

Guidewire Software (GWRE) reported non-GAAP earnings per share (EPS) of 62 cents in fourth-quarter fiscal 2024 (ended July 31, 2024). The figure surpassed the Zacks Consensus Estimate by 19.2%. However, EPS declined 16% from the year-ago reported actuals. The company reported revenues of $291.5 million, up 8% year over year. Revenues surpassed the Zacks Consensus Estimate by 3%. The figure also came ahead of the company's guided range of $279-$287 million. The uptick was driven by solid deal volume across a ...

Guidewire Software, Inc. GWRE reported better-than-expected fourth-quarter financial results on Thursday. Total revenue rose 8% Y/Y to $291.5 million, beating the consensus of $283.9 million. Subscription and support revenue increased by 29% Y/Y to $151.8 million, while license revenue decreased by 12% Y/Y to $88.9 million. Also, Services revenue fell by 2% to $50.8 million in the quarter. Adjusted income from operations increased to $49.0 million from $44.7 million a year ago quarter. Adjusted EPS of 62 ce ...