Guidewire Software Inc (GWRE) announced its most recent quarterly financial results on Wednesday, Sep-7-2016. GWRE reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.32. The company posted revenue of $141.20 million in the period, compared to analysts expectations of $136.20 million. GWRE’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Guidewire Software Inc opened for trading at $61.35 and hit $61.93 on the upside on Thursday, eventually ending the session at $61.9, with a gain of 0.60% or 0.37 points. The heightened volatility saw the trading volume jump to 4,24,595 shares. Company has a market cap of $4,489 M.
In a different news, on Sep 2, 2016, Marcus Ryu (CEO and President) sold 20,000 shares at $61.34 per share price. According to the SEC, on Aug 30, 2016, Richard Hart (Chief Financial Officer) sold 375 shares at $63.04 per share price. On Aug 17, 2016, Scott Roza (Chief Business Officer) sold 781 shares at $62.05 per share price, according to the Form-4 filing with the securities and exchange commission.
Guidewire Software Inc. is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing data management and analytics and digital engagement. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite Guidewire PolicyCenter Guidewire ClaimCenter Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management Guidewire Reinsurance Management Guidewire Client Data Management Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub Guidewire InfoCenter and Guidewire Live and digital engagement includes Guidewire Digital Portals.