Guidewire Software Inc (GWRE) Releases Earnings Results, Misses Expectations By $-0.10 EPS

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.

Guidewire Software Inc

Leave a Reply

Guidewire Software Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Guidewire Software Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.