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Is More Good News Ahead for Recent Winner Guidewire Software (GWRE)?
March 12, 2014
GWRE SNX WIT
One company that should be on your radar is
Guidewire Software, Inc. ( GWRE - Snapshot Report) . The stock of this Business Software Services industry has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GWRE’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to narrow from a loss of 35 cents a share a month ago to its current loss at 27 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, GWRE has seen some pretty solid trading lately, as the company has moved higher by 11.8% in the past month.
If Guidewire Software can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GWRE on your watch list for the future.
Other top-ranked stocks worth considering in this space include Accelrys Inc. , SYNNEX Corp. ( SNX - Snapshot Report) , and Wipro Ltd. ( WIT - Snapshot Report) . All these carry a Zacks Rank #2 (Buy).
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