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Fly News Breaks for March 29, 2016
GWRE
Mar 29, 2016 | 11:32 EDT
After Guidewire announced the acquisition of EagleEye Analytics, JPMorgan analyst Sterling Auty said he thinks the "tuck-in" deal can drive further momentum for the company's data and analytics products, which he noted have seen increasing demand in the past few quarters. While Auty sees no significant impact on FY16 estimates from the deal, he sees analytics, data, and customer digital interaction as key expansion opportunities for Guidewire over time. The analyst keeps an Overweight rating on Guidewire shares.
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