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Fly News Breaks for September 7, 2017
GWRE
Sep 7, 2017 | 07:57 EDT
JMP Securities analyst Rishi Jaluria noted that Guidewire Software shares were down fractionally in afterhours trading following the company's Q4 report, attributable partially to lower than expected Q1 guidance and to commentary that gross margins could be pressured in FY18. However, the analyst points out that Guidewire's cloud momentum is accelerating and said higher subscription adoption and investments will benefit it in the long term. Jaluria keeps a Market Perform rating on Guidewire shares, citing valuation.
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