Clearwater (CWAN) Soars 10% on Bargain-Hunting After 52-Week Low

Core Insights - Clearwater Analytics Holdings Inc. (NYSE:CWAN) experienced a significant stock price increase of 10.25% on Tuesday, closing at $18.40, following a 52-week low of $15.73 reached on November 6 [1][2] - The company reported a third-quarter net loss of $10.3 million, a decline from a net income of $3.6 million in the same period last year, despite revenues increasing by 77% to $205 million [2][4] - For the full year, Clearwater expects revenues to be between $730 million and $731 million, indicating a year-on-year growth of 62%, with fourth-quarter revenues projected at $216 million to $217 million, reflecting a growth of 71% to 72% [3] Financial Performance - Clearwater's third-quarter revenue reached $205.1 million, marking a 77% increase year-over-year, attributed to its integrated company structure and advanced technology [4] - The company exceeded its revenue guidance for the third quarter, which was set between $203 million and $204 million [2] Future Outlook - The company anticipates strong revenue growth for the upcoming quarters, with a focus on leveraging its technology to enhance unit economics and drive further growth [4][3]