Guidewire Software (GWRE) Reports Q3 Revenue of $372.5 Million
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGuidewire Software Inc. (GWRE) reported third-quarter revenue of $372.5 million, surpassing the consensus expectation of $356.09 million on June 5. Citizens adjusted its target price for GWRE from $300 to $220, indicating an adjusted upside potential of almost 89%. CEO Mike Rosenbaum emphasized the company's momentum and confidence in achieving a record-breaking fourth quarter as insurers increasingly shift operations to its cloud-based solutions. Despite the mixed results, Citizens reiterated an Outperform rating on the stock, reflecting optimism about upcoming performance supported by successful deal executions.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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