SPNS Plunges 27% in a Month: Here's How You Should Play the Stock

Sapiens International’s (SPNS) shares have fallen 26.6% in the past month against the Zacks Computer & Technology sector’s 3.7% return and the Zacks Computer - Software industry’s 5.5% growth.Delays in closing new deals, attributed to macroeconomic uncertainties, are affecting Sapiens’ prospects.SPNS issued weaker guidance for 2024, revising its non-GAAP revenue expectations downward. Revenues are expected to be $541-$546 million, indicating a 1.6% reduction at the mid-point from the previous projection of ...