Latest news with #Guidewire
Yahoo
2 hours ago
- Business
- Yahoo
Texas Windstorm Deploys Guidewire InsuranceSuite on Guidewire Cloud Platform
SAN MATEO, Calif., August 18, 2025--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) announced that Texas Windstorm Insurance Association successfully deployed Guidewire InsuranceSuite on Guidewire Cloud Platform to power and simplify core and IT operations, quickly adapt to changing market demands, and deliver more value to its customers. A Guidewire customer since 2008, the company migrated InsuranceSuite from an on-premises environment to Guidewire Cloud Platform. Guidewire Head of Professional Services Michael Mahoney said, "We congratulate Texas Windstorm on achieving this significant milestone in its cloud transformation journey." About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit View source version on Contacts Albert LinPublic Relations ManagerGuidewire Software, Inc.+1.415.205.4214allin@
Business Wire
2 hours ago
- Business
- Business Wire
Texas Windstorm Deploys Guidewire InsuranceSuite on Guidewire Cloud Platform
SAN MATEO, Calif.--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) announced that Texas Windstorm Insurance Association successfully deployed Guidewire InsuranceSuite on Guidewire Cloud Platform to power and simplify core and IT operations, quickly adapt to changing market demands, and deliver more value to its customers. A Guidewire customer since 2008, the company migrated InsuranceSuite from an on-premises environment to Guidewire Cloud Platform. Guidewire Head of Professional Services Michael Mahoney said, 'We congratulate Texas Windstorm on achieving this significant milestone in its cloud transformation journey.' About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit .
Yahoo
5 days ago
- Business
- Yahoo
Guidewire Rises 23% YTD: Where Will the Stock Head From Here?
Guidewire Software GWRE stock has appreciated 23.3% year to date compared with the Zacks Internet Software industry's growth of 23.7%. The broader Computer and Technology sector and the S&P 500 composite have returned 14.6% and 9.5%, respectively, over the same time frame. San Mateo, CA-based Guidewire is a provider of software solutions for property and casualty insurers. GWRE closed last session at $207.87. The stock is trading 21% down from its 52-week high of $263.20. Does the pullback indicate a buying opportunity? Price Performance Image Source: Zacks Investment Research Let us dive into GWRE's pros and cons and determine the best course of action for your portfolio. Factors Driving Growth for GWRE Guidewire is benefiting from strong momentum in its cloud business, fueled by rising demand from insurers moving away from legacy systems toward cloud-based solutions. The company has strategically expanded its cloud ecosystem, now encompassing 26,000 Guidewire-specialized practitioners across 38 system integrators. Its focus on enhancing the Guidewire Cloud platform with new capabilities, including digital frameworks, automation, tooling and other cloud services, is expected to boost sales of subscription-based solutions in the long haul. Also, the company announced its first sale of Guidewire Industry Intelligence, a pre-built predictive model embedded into ClaimCenter workflow in the last reported quarter. This solution is trained and validated using anonymized data available on Guidewire's cloud deployments. This not only represents a new revenue opportunity but is a value addition for insurers looking to make data-driven claims decisions. In the fiscal third quarter of 2025, Guidewire secured 17 new deals, 14 for various InsuranceSuite Cloud applications and three for InsuranceNow. These included seven core system wins with Tier 1 insurers and three with Tier 2 insurers. Guidewire Software, Inc. Price, Consensus and EPS Surprise Guidewire Software, Inc. price-consensus-eps-surprise-chart | Guidewire Software, Inc. QuoteManagement's efforts to drive cloud operations efficiency to boost cloud margins remain an additional tailwind. Non-GAAP gross margin expanded to 65.5% from 62.6% on a year-over-year basis. The subscription and support segment's gross margin increased to 70.6% from 65.6% on a year-over-year basis, attributed to higher-than-expected revenues and increases in cloud infrastructure platform efficiency, along with $4 million in credits received from its cloud service provider. Services' non-GAAP gross margin was 12.9% against negative 10.3% in the year-ago quarter. For the fiscal fourth quarter, non-GAAP operating income is estimated in the range of $52-$60 million. Non-GAAP operating income for fiscal 2025 is estimated between $187 million and $195 million compared with $175-$185 million expected by strong collections, Guidewire generated $32.4 million in cash from operations in the quarter under discussion, while free cash flow was nearly $27.8 million. As of April 30, 2025, cash and cash equivalents and short-term investments were $1,243.7 million, with $673.7 million of long-term debt. The company's ability to generate positive cash flow while continuing to invest in growth initiatives provides a solid foundation for by strong revenue performance in the fiscal third quarter, Guidewire expects total revenues for fiscal 2025 to be between $1.178 billion and $1.186 billion compared with earlier guidance of $1.164 billion to $1.174 billion. Subscription revenues are now forecasted to be $660 million, while subscription and support revenues are expected to be $724 million. Services revenues are expected to be approximately $215 million. Image Source: Zacks Investment ResearchIn the past 60 days, analysts have marginally revised estimates upwards for the current year. GWRE Faces Headwinds Higher costs remain a concern for Guidewire, especially amid prevailing weakness in global macroeconomic conditions. In the fiscal third quarter, total operating expenses increased 12.1% year over year to $178.2 million. Increasing costs can put downward pressure on the company's profitability, especially if the revenue performance weakens. Guidewire increasing global footprint, with new customers primarily coming from diverse markets such as Japan, Brazil, Belgium and other international regions, presents foreign exchange as well as integration risks. Strengthening the U.S. dollar could further exacerbate these challenges. Also, these initiatives involve execution risk, especially in regions with different regulatory requirements. If integration delays arise, these could weigh on operating margins or delay expected revenue contributions. GWRE stock is also not so cheap, as its Value Style Score of F indicates a stretched valuation at this moment. The stock is trading at a premium with a forward 12-month price/sales of 12.95X compared with the industry's 5.84X. Retain GWRE Stock With a Zacks Rank #3 (Hold), GWRE appears to be treading in the middle of the road and new investors could be better off if they trade with caution. The stock is also trading at a premium valuation. New investors could wait for a better entry point to capitalize on its long-term fundamentals, while investors owning the stock can stay put. Stocks to Consider Some better-ranked stocks worth consideration with the same industry space are Arista Networks (ANET), Astera Labs ALAB and F5, Inc. FFIV. All stocks sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for ANET's 2025 earnings is pegged at $2.81 per share. ANET's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.8%. Its shares have gained 62.1% in the past year. The Zacks Consensus Estimate for ALAB's 2025 EPS is pegged at $1.35, unchanged in the past 60 days. Astera Labs' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 32.2%. Its shares have surged 394.1% in the past year. The Zacks Consensus Estimate for FFIV's fiscal 2025 EPS is pegged at $15.26, unchanged in the past seven days. FFIV's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.46%. Its shares have gained 70.6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report F5, Inc. (FFIV) : Free Stock Analysis Report Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Astera Labs, Inc. (ALAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
07-08-2025
- Business
- Yahoo
Guidewire Congratulates Winners of DEVHack 2025 Virtual Hackathon
SAN MATEO, Calif., August 07, 2025--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) congratulates the winners of DEVHack 2025, its second annual virtual hackathon created to engage the largest network of developers in the global P&C industry and showcase their excellence in solving real-world business challenges. The event was exclusively sponsored by Guidewire PartnerConnect Technology Alliance partner and preferred cloud provider Amazon Web Services (AWS). The 2025 winners are: First Place – Team "GigGuards" from PwC for its AI-powered affordable insurance solution for gig workers Second Place – Team "Green Guardians" from EY for its ESGverse solution that integrates Environmental, Social and Governance (ESG) scoring into commercial property underwriting Third Place – Team "Change Makers" from Hexaware for its HEXperience mobility insurance solution "Congratulations to the DEVHack winners, and a sincere thank you to everyone who participated," said Guidewire Chief Product Officer Michael Howe. "Events like this hackathon and the Guidewire DEVSummits highlight the strength and innovation our global developer community brings in service to the P&C insurance industry. It has been inspiring to see such high-quality work, creative solutions, and genuine passion from developers. Also, I'd like to thank AWS for their support and partnership that made it possible for developers to push boundaries and showcase technical excellence in Guidewire Cloud." Out of nearly 200 team applications submitted from around the world, 40 teams were selected to compete in the hackathon. From June 2 - July 8, 2025, the teams worked to build solutions, leveraging a developer environment provisioned with Guidewire InsuranceSuite utilizing the Mammoth release of Guidewire Cloud Platform. The top 10 submissions were announced as finalists on July 22, 2025 and shared for public voting. Their demo videos are available to view on the DEVHack website. The three winners were celebrated at a winners announcement webinar on July 24, determined using a combination of judges' scores, 11,921 tallied public votes, and earned bonus points. To view the demo videos from all finalists and learn about the award-winning projects, visit the DEVHack website. The first-place team, PWC's GigGuards, will have the opportunity to showcase their winning solution in the demo theater during Guidewire Connections in Las Vegas, October 27-30, 2025. Stay informed about the Guidewire Developer program through the Developer Newsletter. About Guidewire Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit View source version on Contacts Melissa CobbDirector, Public RelationsGuidewire Software, Inc.+1.650.464.1177mcobb@
Business Wire
07-08-2025
- Business
- Business Wire
Guidewire Congratulates Winners of DEVHack 2025 Virtual Hackathon
SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) congratulates the winners of DEVHack 2025, its second annual virtual hackathon created to engage the largest network of developers in the global P&C industry and showcase their excellence in solving real-world business challenges. The event was exclusively sponsored by Guidewire PartnerConnect Technology Alliance partner and preferred cloud provider Amazon Web Services (AWS). The 2025 winners are: First Place – Team 'GigGuards' from PwC for its AI-powered affordable insurance solution for gig workers Second Place – Team 'Green Guardians' from EY for its ESGverse solution that integrates Environmental, Social and Governance (ESG) scoring into commercial property underwriting Third Place – Team 'Change Makers' from Hexaware for its HEXperience mobility insurance solution "Congratulations to the DEVHack winners, and a sincere thank you to everyone who participated," said Guidewire Chief Product Officer Michael Howe. "Events like this hackathon and the Guidewire DEVSummits highlight the strength and innovation our global developer community brings in service to the P&C insurance industry. It has been inspiring to see such high-quality work, creative solutions, and genuine passion from developers. Also, I'd like to thank AWS for their support and partnership that made it possible for developers to push boundaries and showcase technical excellence in Guidewire Cloud." Out of nearly 200 team applications submitted from around the world, 40 teams were selected to compete in the hackathon. From June 2 - July 8, 2025, the teams worked to build solutions, leveraging a developer environment provisioned with Guidewire InsuranceSuite utilizing the Mammoth release of Guidewire Cloud Platform. The top 10 submissions were announced as finalists on July 22, 2025 and shared for public voting. Their demo videos are available to view on the DEVHack website. The three winners were celebrated at a winners announcement webinar on July 24, determined using a combination of judges' scores, 11,921 tallied public votes, and earned bonus points. To view the demo videos from all finalists and learn about the award-winning projects, visit the DEVHack website. The first-place team, PWC's GigGuards, will have the opportunity to showcase their winning solution in the demo theater during Guidewire Connections in Las Vegas, October 27-30, 2025. Stay informed about the Guidewire Developer program through the Developer Newsletter. About Guidewire Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit .
