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GWRE — Guidewire Software News Story

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Guidewire slides as Q1 outlook underwhelms

BUZZ-Guidewire slides as Q1 outlook underwhelms 

** Shares of Guidewire GWRE.N, which provides software for property and casualty insurers, slide 21% to $160.36

** GWRE late Thursday forecast Q1 revenue below Wall Street expectations

** "With the stock sharply re-rating post F3Q and into the print, the bar was clearly higher" - Stifel

** "Feedback suggests any perceived disappointment was relative to expectations rather than concerns over fundamentals" - Oppenheimer

** 14 of 16 brokerages rate the stock "buy" or higher and 2 "hold"; median PT $215 - data compiled by LSEG

** As of last close, GWRE stock up ~1% YTD


(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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