Guidewire Software, Inc.NYSE
Tue, Nov. 29, 4:16 PM
Mon, Nov. 28, 5:35 PM
Tue, Oct. 4, 11:45 AM
- Sets $57 price target (current price $60.06).
- Analyst Jesse Hulsing: "We believe GWRE will be able to leverage a technology and ecosystem advantage to sustain an 18%/19% license CAGR through FY18E/FY20E. However, in-line with the vertical software multiple expansion theme at 6.9X/33X EV/CY18E sales and FCF, versus our coverage average of 4.8X/30.4X, we view GWRE as fairly valued."
- Guidewire Software (GWRE -0.3%) is presently trading down 5% over the last month, 2.2% over the last three and up around 8% on the year.
Wed, Sep. 7, 5:36 PM
Wed, Sep. 7, 4:17 PM
Tue, Sep. 6, 5:35 PM
Wed, Jun. 1, 5:47 PM
- Guidewire Software (GWRE +2.8%) is up 3.7% after hours after its fiscal Q3 report showed comfortable beats on profit and revenues.
- Operating loss narrowed on a GAAP basis to $5.8M, and non-GAAP operating income rose to $11M from a year-ago $6.1M.
- Rolling four-quarter recurring term license and maintenance revenue of $250.6M (up 20%).
- Revenue breakout: License, $45.8M (up 37.5%); Maintenance, $14.7M (up 20.5%); Services, $38.4M (down 3.9%).
- For fiscal Q4, the company is guiding to revenue of $133.5M-$137.5M (vs. $137M consensus) and non-GAAP EPS of $0.30-$0.34, in line. For the full year, it forecasts revenue of $416.5M-$420.5M (above consensus for $414.2M) and EPS of $0.73-$0.76 (above an expected $0.69).
- Cash, equivalents and investments came to $680.8M at quarter's end.
- Conference call link
Wed, Jun. 1, 5:41 PM
Wed, Jun. 1, 4:17 PM
- Guidewire Software (NYSE:GWRE): FQ3 EPS of $0.14 beats by $0.08.
- Revenue of $98.86M (+15.7% Y/Y) beats by $6.46M.
- Shares +4.25%.
Tue, May 31, 5:35 PM
Thu, May 26, 12:14 PM
- RIght now, the chance of an affirmative vote in the Brexit referendum is looking mighty slim, so it's hard to imagine much of an edge here. Nevertheless, the team at JPMorgan has identified 22 U.S. stocks with the highest U.K. exposure as a percent of revenue. These names would thus theoretically benefit from a "Remain" vote.
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Mon, Apr. 18, 11:54 AM
- Earlier this morning, Accenture (NYSE:ACN) announced the formation of a joint venture with Apax partners after selling a majority stake in Duck Creek.
- Citi: "Accenture is Guidewire’s (NYSE:GWRE) largest competitor so we view their partial exit from the software side of the business as a positive development. In the long term, we believe the formal exit on the software side opens up the possibility of a more collaborative relationship which would be a significant step forward.
- "Our industry inputs indicate that there is significant interest amongst larger carriers to see greater collaboration between Guidewire and Accenture. The rivals settled an IP infringement lawsuit at the end of 2011. We believe the settlement coupled with a less involved role at Duck Creek opens up the possibility of seeing more cooperation between the two rivals which we would view as a significant.
- "We would also note that we view Apax’s acquisition of a P&C software vendor as validation of several industry inputs that indicate significant fund flowing into insurance tech. We continue to hear that private equity and venture investors have been much more active in this market and we believe that should help boost valuation multiples across the insurance technology landscape."
- Now read Guidewire: Time To Stop Idolizing - The Model Is Hardly Any Different »
Tue, Mar. 15, 11:56 AM
- Steven Sherry, formerly Guidewire's (GWRE -2.6%) Americas sales chief, is now the company's SVP of worldwide sales. He's now responsible for "Guidewire’s worldwide sales, sales operations, customer relationship management, and partner alliances organizations."
- Sherry succeeds Scott Roza, who had been the insurance software firm's SVP of worldwide sales since 2013 and its chief customer officer since last year. Roza is now Guidewire's chief business officer, a role that (per Guidewire's exec bio page) gives him oversight of "Guidewire’s worldwide customer facing team which includes sales, pre-sales consulting, value consulting, customer relationship management, and partner alliances."
- Two weeks ago: Guidewire jumps after FQ2 beat, strong FY16 EPS guidance
Tue, Mar. 1, 5:45 PM
Tue, Mar. 1, 4:54 PM
- With a strong FQ2 beat on the books, Guidewire (NYSE:GWRE) now expects FY16 (ends June '16) EPS of $0.64-$0.71 vs. a $0.64 consensus. Other guidance is in-line - FY16 revenue of $408.5M-$416.5M vs. a $412.6M consensus, and FQ3 revenue of $90.3M-$94.3M and EPS of $0.04-$0.08 vs. a consensus of $91.4M and $0.06.
Top-line performance: License revenue (drives future maintenance/services revenue) rose 22% Y/Y in FQ2 to $53.4M, better than FQ1's 12% growth rate and outpacing total FQ2 revenue growth of 14%. Maintenance revenue rose 17% to $14.3M, and services revenue 3% to $34.5M. Rolling four-quarter recurring term license and maintenance revenue rose 16% Y/Y to $238.3M.
CEO Marcus Ryu attributes the FQ2 numbers to "strong demand for both core system replacement and our newer products in the data management and digital engagement domains."
- Financials: GAAP operating expenses rose 14% Y/Y to $59.5M - $25.4M was spent on R&D, $22.7M on sales/marketing, and $11.5M on G&A. Guidewire ended FQ2 with $700.8M in cash/investments and no debt.
- GWRE +8.9% after hours to $55.00.
- Guidewire's FQ2 results, earnings release
Tue, Mar. 1, 4:19 PM
- Guidewire Software (NYSE:GWRE): FQ2 EPS of $0.24 beats by $0.09.
- Revenue of $102.13M (+14.2% Y/Y) beats by $5.35M.