We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Cloud Adopted by Hiscox UK: Should You Watch the Stock?
Read MoreHide Full Article
Sapiens International (SPNS - Free Report) announced that Hiscox UK went live with the Sapiens Insurance Platform on Sapiens Cloud. This migration from Microsoft's (MSFT - Free Report) cloud platform Azure to SPNS’s cloud-native architecture, powered by Kubernetes, resulted in a 30% improvement in application speed. The transition enhances operational efficiency and service consistency, aligning with Hiscox UK’s long-term strategy of digital transformation and customer-centric innovation.
The Sapiens Insurance Platform is an AI-driven, open and integrated solution that accelerates adoption and maximizes long-term value. It enables insurers to scale, modernize and optimize operations efficiently.
The move also enables Hiscox UK to leverage Sapiens's modern API layer, facilitating seamless integration with top-tier solutions for rating, rules and document management alongside extended digital trading capabilities. This ecosystem empowers Hiscox UK to deliver agile services across its market-leading offerings for both commercial lines and high-net-worth private clients.
Can Sapiens Cloud’s Deal With Hiscox UK Boost Its Stock?
Hiscox UK's transition to the Sapiens Insurance Platform on Sapiens Cloud could positively impact the SPNS stock’s performance. The successful deployment enhances Sapiens' credibility in the insurance technology space, attracting more clients and driving revenue growth.
Sapiens' successful cloud migration for Hiscox UK, delivering a 30% boost in application speed, underscores the strength of its cloud-native architecture. This proven efficiency could position SPNS as a top choice for insurers seeking modernization.
The ongoing collaboration with Hiscox UK, a partner since 2014, exemplifies Sapiens' commitment to delivering tangible business benefits, fostering a strong foundation for sustainable growth and continuous innovation.
However, Sapiens faces competition from Synchronoss Technologies (SNCR - Free Report) and Verint Systems (VRNT - Free Report) , both of which offer advanced technology solutions to enterprises. While Synchronoss excels in cloud and digital transformation for telecom providers, Verint focuses on AI-powered customer engagement and workforce optimization, posing challenges to Sapiens' market presence.
SPNS’s Revenues Hit by Unfavorable Forex
Sapiens faced significant headwinds due to unfavorable forex, which negatively impacted its revenue growth. As a global company operating in multiple regions, SPNS generates a substantial portion of revenues in foreign currencies, including the euro, British pound and Israeli shekel.
In the fourth quarter of 2024, the depreciation of key currencies relative to the U.S. dollar resulted in a revenue drag, affecting the company's top-line growth despite stable business operations.
Sapiens’ Earnings Estimates Trend Downward
The Zacks Consensus Estimate for SPNS’s first-quarter 2025 earnings is pegged at 35 cents, which has moved down by a penny over the past 30 days. The estimate indicates a 2.78% year-over-year decline.
The Zacks Consensus Estimate for SPNS’s 2025 earnings has declined by 3 cents to $1.46 per share in the past 30 days. The estimate indicates a 1.35% decline from the 2024 actual.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sapiens Cloud Adopted by Hiscox UK: Should You Watch the Stock?
Sapiens International (SPNS - Free Report) announced that Hiscox UK went live with the Sapiens Insurance Platform on Sapiens Cloud. This migration from Microsoft's (MSFT - Free Report) cloud platform Azure to SPNS’s cloud-native architecture, powered by Kubernetes, resulted in a 30% improvement in application speed. The transition enhances operational efficiency and service consistency, aligning with Hiscox UK’s long-term strategy of digital transformation and customer-centric innovation.
The Sapiens Insurance Platform is an AI-driven, open and integrated solution that accelerates adoption and maximizes long-term value. It enables insurers to scale, modernize and optimize operations efficiently.
The move also enables Hiscox UK to leverage Sapiens's modern API layer, facilitating seamless integration with top-tier solutions for rating, rules and document management alongside extended digital trading capabilities. This ecosystem empowers Hiscox UK to deliver agile services across its market-leading offerings for both commercial lines and high-net-worth private clients.
Can Sapiens Cloud’s Deal With Hiscox UK Boost Its Stock?
Hiscox UK's transition to the Sapiens Insurance Platform on Sapiens Cloud could positively impact the SPNS stock’s performance. The successful deployment enhances Sapiens' credibility in the insurance technology space, attracting more clients and driving revenue growth.
Sapiens' successful cloud migration for Hiscox UK, delivering a 30% boost in application speed, underscores the strength of its cloud-native architecture. This proven efficiency could position SPNS as a top choice for insurers seeking modernization.
The ongoing collaboration with Hiscox UK, a partner since 2014, exemplifies Sapiens' commitment to delivering tangible business benefits, fostering a strong foundation for sustainable growth and continuous innovation.
However, Sapiens faces competition from Synchronoss Technologies (SNCR - Free Report) and Verint Systems (VRNT - Free Report) , both of which offer advanced technology solutions to enterprises. While Synchronoss excels in cloud and digital transformation for telecom providers, Verint focuses on AI-powered customer engagement and workforce optimization, posing challenges to Sapiens' market presence.
SPNS’s Revenues Hit by Unfavorable Forex
Sapiens faced significant headwinds due to unfavorable forex, which negatively impacted its revenue growth. As a global company operating in multiple regions, SPNS generates a substantial portion of revenues in foreign currencies, including the euro, British pound and Israeli shekel.
In the fourth quarter of 2024, the depreciation of key currencies relative to the U.S. dollar resulted in a revenue drag, affecting the company's top-line growth despite stable business operations.
Sapiens’ Earnings Estimates Trend Downward
The Zacks Consensus Estimate for SPNS’s first-quarter 2025 earnings is pegged at 35 cents, which has moved down by a penny over the past 30 days. The estimate indicates a 2.78% year-over-year decline.
The Zacks Consensus Estimate for SPNS’s 2025 earnings has declined by 3 cents to $1.46 per share in the past 30 days. The estimate indicates a 1.35% decline from the 2024 actual.