Stephens analyst Alex Zukin noted that Guidewire (GWRE) reported better than expected Q1 results and signed another Tier-1 deal, adding that he senses that the company had a strong quarter internally. He also said it sounds like the competitive environment, particularly against Accenture (ACN), seems to be improving. Zukin raised his price target on Guidewire to $75 from $65 and keeps an Overweight rating on the name.
IBM (IBM) is scheduled to report results of its fiscal first quarter after the market close on April 24, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here