Guidewire Software is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker GWRE on the NYSE exchange.
Guidewire Software stock last closed at $116.71, up 1.13% from the previous day, and has increased 52.68% in one year. It has overperformed other stocks in the Software - Application industry by 0.15 percentage points. Guidewire Software stock is currently +70.5% from its 52-week low of $68.45, and -4.61% from its 52-week high of $122.35.
There are currently 83.32M GWRE shares outstanding. The market value of GWRE is $9.72B. In the last 24 hours, 406,985 GWRE shares were traded.
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You can view all of the due diligence checks on GWRE's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GWRE's true value.
Using relative valuations ratios:
You can do more valuation analysis on GWRE's stock here.
Out of 11 sell side analysts who give forecasts on GWRE, the consensus analyst rating on GWRE is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Ken Wong, a top 16% analyst from Oppenheimer reiterates GWRE with a buy rating and maintains their GWRE price target from $130.00 to $130.00, on Mar 8, 2024.
Michael Turrin, a top 25% analyst from Wells Fargo maintains GWRE with a strong buy rating and raises their GWRE price target from $120.00 to $130.00, on Mar 8, 2024.
Wells Fargo's Michael Turrin raised their price target on Guidewire Software (NYSE: GWRE) by 8.3% from $120 to $130 on 2024/03/08. The analyst maintained their Strong Buy rating on the stock.
Q2 showed "continued progress on the company's cloud transition," Turrin said in response to Guidewire Software's Q2 2024 earnings report, released on 2024/03/07.
Wells Fargo continues to be "confident that the company is turning a corner," the analyst added.
For Q2 2024, Guidewire Software reported:
Management guided:
For Q3 2024:
For FY 2024:
CEO Mike Rosenbaum commented: “Our strong performance in Q2 was marked by eleven cloud deals, including a healthy mix of migrations, expansions, and net-new customers.
“The enthusiasm and interest we’ve seen around Guidewire Cloud Platform is a testament to our team’s hard work and our commitment to innovation and excellence.”
CFO Jeff Cooper added: “We are pleased with the continued cloud momentum, enabling us to beat and raise our ARR outlook and deliver 65% non-GAAP subscription and support gross margins in the quarter.
“Our FY 2024 revenue outlook change is due to lower expected services revenue, as we are seeing success with our SI partners leading more cloud engagements at a pace that is faster than we originally expected.
"We are maintaining our profitability outlook as strong subscription and support gross margin and operating expense discipline offset the impact of lower services revenue.”
Aaron Kimson, a bottom 37% analyst from JMP Securities maintains GWRE with a buy rating and raises their GWRE price target from $115.00 to $141.00, on Mar 8, 2024.
Joe Vruwink, a top 5% analyst from Baird maintains GWRE with a buy rating and raises their GWRE price target from $131.00 to $140.00, on Mar 7, 2024.
Alexander Sklar, a top 11% analyst from Raymond James initiates coverage on GWRE with a buy rating and announces their GWRE price target of $125.00, on Feb 1, 2024.
You can dig deeper into what analysts are forecasting on the Guidewire Software stock forecast page.
Last year, GWRE revenue was $925.75M. Over the past 5 year, GWRE's revenue has gone up by 4.83% per year. This was slower than the Software - Application industry average of 27.52%.
Dig into GWRE's earnings and revenue performance here.
Over the past year, insiders at GWRE have sold more shares than they have bought.
Jeffrey Elliott Cooper, Chief Financial Officer of GWRE, was the latest GWRE insider to sell. They sold $231,320.56 worth of GWRE shares on Mar 20, 2024.
Get more info about who owns GWRE shares here.
No, Guidewire Software doesn't provide an income stream by paying out dividends.
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