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DCT - Duck Creek Technologies: This Niche SAAS Company Could Be Hitting Its Ceiling
Duck Creek Technologies Inc.
The P&C insurance industry is large, fragmented, and highly regulated with a lot of IT infrastructure needs to support its key functions.
While the company is considered a “leader” in this space, it does face a lot of competition from other vendors.
Duck Creek Technologies is trading at a forward Price to Sales ratio of 20.8x. This is on the higher end of valuation multiples of other SAAS companies.