Fly News Breaks for March 4, 2019
GWRE
Mar 4, 2019 | 06:05 EDT
Piper Jaffray analyst Alex Zukin downgraded Guidewire Software to Neutral from Overweight and lowered his price target for the shares to $90 from $95 ahead of the company's quarterly results on March 6. The analyst's channel checks suggest that Guidewire is still struggling to sell InsuranceSuite Cloud deals and that the pace of activity is below internal expectations. Zukin says that while other areas of the business continue to execute nicely, with both internal and investor focus being cloud-first, he does not see "meaningful catalysts at this time."
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