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Fly News Breaks for November 30, 2017
GWRE
Nov 30, 2017 | 06:01 EDT
Citi analyst Kenneth Wong attributes the post-earnings pullback in shares of Guidewire Software to concerns around longer sales cycles and margin pressures from cloud and Cyence. The analyst, however, views fiscal 2018 as the start of a longer term transition process which will deliver higher value over the life of a customer. He remains positive on Guidewire shares and recommends using pullbacks in the stock as a buying opportunity. Wong keeps a Buy rating on the name with an $85 price target.
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