Guidewire Software falls on annual revenue forecast below estimates

Guidewire Software

07/09/2023 22:29

** Shares of U.S.-based software products provider Guidewire
Software  GWRE.N  down 3.5% at $81.90 in after-market trading
    ** Sees 2024 total revenue between $976 mln and $986 mln vs
analysts' estimates of $988.72 mln - LSEG data
    ** Posts adjusted profit of 74 cents per share on revenue of
$270 mln vs 38 cents per share on revenue of $261.4 mln 
    ** Nine of 15 brokerages rate the stock "buy" or higher, 5
"hold" and 1 "sell"; their median PT is $87.50 - Refinitiv data
    ** Up to Thursday's close, stock had risen 35.61% YTD

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))