We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sapiens' (SPNS) IllustrationPro Selected by Guardian Group
Read MoreHide Full Article
Sapiens International (SPNS - Free Report) is riding on an expanding clientele. The company recently announced that Guardian Group is using its IllustrationPro and ApplicationPro softwares in its life and health operations.
Sapiens IllustrationPro for Life & Annuities is a cloud-based point-of-sale illustration and quoting solution. The solution offers a fully-responsive, modern and intuitive user experience for the life and annuities, and health markets. Meanwhile, ApplicationPro helps carriers address critical business drivers, such as decreasing time–to–issue and reducing policy acquisition costs.
Sapiens’s solutions have been getting adopted globally. Its ReinsurancePro solution was recently selected by Applied Underwriters to replace its legacy process with a platform that is streamlined, consistent and financially correct. Markedly, Sapiens’ ReinsurancePro manages the entire range of reinsurance contracts and activities for all lines of business.
A leading insurance company in Portugal recently selected the ReinsuranceMaster solution. Moreover, Luxembourg-based Builders Insurance Holdings, a leading global provider of P&C insurance and reinsurance services, transformed its legacy system with Sapiens’ end-to-end core solution.
Sapiens also entered into a partnership with Albany Group, which specializes in risk and intelligence software, for an automated compliance, risk management and regulatory platform. The partnership simplifies complex compliance processes carried out across third-party platforms such as Lloyd’s.
An expanding clientele is driving Sapiens’ top-line growth. In 2021, non-GAAP revenues increased 20.6% year over year to $463.6 million. Life, DECISION and Reinsurance continued growing steadily, building a solid pipeline for 2022.
For 2022, Sapiens expects non-GAAP revenues between $495 million and $500 million. On a constant-currency basis, this represents organic growth of 9.1% over 2021. Further, non-GAAP operating margin is expected to be 17%-17.3%.
The Zacks Consensus Estimate for 2022 revenues is pegged at $497.45 million, indicating 7.90% increase from the figure reported in 2021. The consensus mark for 2022 earnings stands at $1.15 per share, suggesting a decline of 2.54% from the figure reported in 2021.
Zacks Rank & Stocks to Consider
Sapiens currently has a Zacks Rank #4 (Sell).
Sapiens shares are down 22.6% year to date compared with the Zacks Computer Software industry’s growth of 5%. The broader Computer and Technology sector declined 7.5% in the same time frame.
ANET shares are down 11.6% in the year-to-date period. The Zacks Consensus Estimate for Arista’s first-quarter 2022 earnings stands at 81 cents per share, unchanged over the past 30 days.
CyberOptics flaunts a Zacks Rank #1.
CYBE shares have fallen 14.6% in the year-to-date period. The Zacks Consensus Estimate for CyberOptics’ first-quarter 2022 earnings stands at 37 cents per share, unchanged over the past 30 days.
JBL shares have declined 19.2% in the year-to-date period. The consensus mark for Jabil’s third-quarter fiscal 2022 earnings stands at $1.62 per share, up 11% over the past 30 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sapiens' (SPNS) IllustrationPro Selected by Guardian Group
Sapiens International (SPNS - Free Report) is riding on an expanding clientele. The company recently announced that Guardian Group is using its IllustrationPro and ApplicationPro softwares in its life and health operations.
Sapiens IllustrationPro for Life & Annuities is a cloud-based point-of-sale illustration and quoting solution. The solution offers a fully-responsive, modern and intuitive user experience for the life and annuities, and health markets. Meanwhile, ApplicationPro helps carriers address critical business drivers, such as decreasing time–to–issue and reducing policy acquisition costs.
Sapiens’s solutions have been getting adopted globally. Its ReinsurancePro solution was recently selected by Applied Underwriters to replace its legacy process with a platform that is streamlined, consistent and financially correct. Markedly, Sapiens’ ReinsurancePro manages the entire range of reinsurance contracts and activities for all lines of business.
A leading insurance company in Portugal recently selected the ReinsuranceMaster solution. Moreover, Luxembourg-based Builders Insurance Holdings, a leading global provider of P&C insurance and reinsurance services, transformed its legacy system with Sapiens’ end-to-end core solution.
Sapiens also entered into a partnership with Albany Group, which specializes in risk and intelligence software, for an automated compliance, risk management and regulatory platform. The partnership simplifies complex compliance processes carried out across third-party platforms such as Lloyd’s.
An expanding clientele is driving Sapiens’ top-line growth. In 2021, non-GAAP revenues increased 20.6% year over year to $463.6 million. Life, DECISION and Reinsurance continued growing steadily, building a solid pipeline for 2022.
For 2022, Sapiens expects non-GAAP revenues between $495 million and $500 million. On a constant-currency basis, this represents organic growth of 9.1% over 2021. Further, non-GAAP operating margin is expected to be 17%-17.3%.
The Zacks Consensus Estimate for 2022 revenues is pegged at $497.45 million, indicating 7.90% increase from the figure reported in 2021. The consensus mark for 2022 earnings stands at $1.15 per share, suggesting a decline of 2.54% from the figure reported in 2021.
Zacks Rank & Stocks to Consider
Sapiens currently has a Zacks Rank #4 (Sell).
Sapiens shares are down 22.6% year to date compared with the Zacks Computer Software industry’s growth of 5%. The broader Computer and Technology sector declined 7.5% in the same time frame.
Arista Networks (ANET - Free Report) sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ANET shares are down 11.6% in the year-to-date period. The Zacks Consensus Estimate for Arista’s first-quarter 2022 earnings stands at 81 cents per share, unchanged over the past 30 days.
CyberOptics flaunts a Zacks Rank #1.
CYBE shares have fallen 14.6% in the year-to-date period. The Zacks Consensus Estimate for CyberOptics’ first-quarter 2022 earnings stands at 37 cents per share, unchanged over the past 30 days.
Jabil (JBL - Free Report) also sports a Zacks Rank #1.
JBL shares have declined 19.2% in the year-to-date period. The consensus mark for Jabil’s third-quarter fiscal 2022 earnings stands at $1.62 per share, up 11% over the past 30 days.