Guidewire slides as Q1 outlook underwhelms - GWRE News | RalliesGuidewire slides as Q1 outlook underwhelms
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GWRE• Guidewire falls after Q1 revenue forecast misses expectations
- 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.
