By Nate Wolf
Guidewire Software was rising sharply Friday after the insurance-technology company blew past Wall Street's expectations for its fiscal fourth quarter.
The company, which provides a software platform to property and casualty insurers, posted adjusted earnings of 84 cents a share, well above the 64 cents analysts had forecast. Revenue totaled $356.6 million, surpassing Wall Street's call for $337.8 million.
Guidewire shares were soaring 16% to $251 in premarket trading. The stock has climbed 29% in 2025 as of Thursday's close.
"We were thrilled to close the year with an outstanding fourth quarter executing 19 cloud deals and surpassing $1 billion in [annual recurring revenue]," said CEO Mike Rosenbaum. The company also notched a 10-year deal with Liberty Mutual, Rosenbaum said on a conference call.
Guidewire forecast ending annual recurring revenue of $1.21 billion to $1.22 billion for fiscal 2026, above the $1.17 billion analysts had expected before the earnings print. The outlook "points to sustained growth trajectory," wrote Ken Wong of Oppenheimer & Co.
Oppenheimer reiterated an Outperform rating for the stock and boosted its price target to $300 from $275.
Write to Nate Wolf at nate.wolf@barrons.com
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September 05, 2025 08:25 ET (12:25 GMT)
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