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GWRE - Guidewire Software: Share Price Weakness Is A Buying Opportunity
Guidewire Software Inc.
2024-03-28 11:53:31 ET
Summary
GWRE has shown positive business performance, with subscription revenue growth and an increase in annual recurring revenue.
The recent share price weakness is seen as a buying opportunity, as the market overlooks the improvement in the business.
The downward revision in growth is mainly due to a reduction in service revenue, not a structural weakness in the business. Growth is expected to accelerate in the near term.