Guidewire Software
GWRE
has announced that its Guidewire InsuranceSuite on Guidewire Cloud has been selected by a property and casualty insurance company — Peace Hills General Insurance Company.
Peace Hills selected Guidewire Cloud to power its core systems and enhance its ability to engage with policyholders and brokers, adapt to changing market demands and simplify its IT operations. EY Canada, a member of Guidewire’s PartnerConnect Consulting Premier program, will be leading the implementation project.
InsuranceSuite will serve as the company’s system of record, providing a central repository for all policy and customer data. In addition, DataHub and InfoCenter will also enable Peace Hills to manage and analyze data across the organization, helping the company make informed decisions.
Guidewire Software, Inc. Price and Consensus
Guidewire Software, Inc. price-consensus-chart
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Guidewire Software, Inc. Quote
Finally, the deployment of Predict will allow Peace Hills to embed predictive insights into its InsuranceSuite workflows, turning the system of record into a system of insight that can help the company better anticipate and address the needs of its customers.
Apart from that, Peace Hills will be able to use the Guidewire Data Platform and analytics applications, as well as take advantage of the training and support offered by Guidewire.
Overall, the use of Guidewire Cloud is expected to help Peace Hills operate more efficiently, improve customer satisfaction and adapt to changing market conditions.
Guidewire continues to develop its cloud platform with new features such as digital frameworks, automation, tooling and other cloud services.
In October, the company
announced
that its Guidewire InsuranceSuite on Guidewire Cloud had been selected by a France-based car insurance company, Ornikar. Ornikar will also gain from Guidewire’s cloud platform’s most recent updates and top-tier features.
Prior to that, Guidewire announced that the Canadian property and casualty insurer — Definity Financial Corporation — had moved its core insurance platform to Guidewire Cloud. Definity will leverage Guidewire Cloud, which runs on Amazon Web Services cloud technology, to improve security, mitigate planned and unplanned outages and manage rising cyber security risks.
Presently, Guidewire carries a Zacks Rank #3 (Hold). Shares of the company have lost 45.7% compared with the
industry’s
decline of 36.9% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are
Arista Networks
ANET
,
Plexus
PLXS
and
Super Micro Computer
SMCI
, each presently sporting a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 8.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 15.2% in the past year.
The Zacks Consensus Estimate for Plexus 2023 earnings is pegged at $5.98 per share, rising 8.9% in the past 60 days.
Plexus’ earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 17.5%. Shares of PLXS have gained 9.8% in the past year.
The Zacks Consensus Estimate for Super Micro Computer’s fiscal 2023 earnings is pegged at $9.58 per share, rising 19.8% in the past 60 days.
Super Micro Computer’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average being 9.4%. Shares of SMCI have soared 91.9% in the past year.
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