GWRE - Guidewire Software: Operating Results Improve But Stock May Plateau (Downgrade)
2024-06-12 15:37:13 ET
Summary
- Guidewire Software, Inc. beat financial estimates in its FQ3 2024 results.
- The near-term market outlook for insurance operations software is positive.
- Guidewire Software's financial trends show improvement, but valuation may be fully priced at this time.
- I'm Neutral (Hold) on Guidewire Software stock for now.
Investment Outlook
Guidewire Software ( GWRE ) recently reported its FQ3 2024 financial results, beating both revenue and earnings consensus estimates.
I previously wrote about GWRE in February with a Buy outlook due to an improving insurer outlook and scalable revenue mix....
Guidewire Software: Operating Results Improve But Stock May Plateau (Downgrade)