Guidewire Software Spikes After Earnings. The Stock Is on Pace for a Record High.
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Guidewire Software stock was climbing sharply after the insurance technology company reported fiscal third-quarter earnings that soared past Wall Street estimates. The stock was up 19% to $258.90 Wednesday, putting it on track for a new all-time high and its largest daily percentage increase on record. “Guidewire continues to execute on all cylinders,” analysts at Raymond James wrote in a research note Wednesday, arguing that there are signs of insurers moving on from older software systems in favor of cloud offerings.