CWAN Stock Recent News

Clearwater (CWAN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Clearwater Analytics Holdings, Inc. (CWAN) Q4 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Clearwater Analytics (CWAN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.

Clearwater Analytics Holdings Inc. NASDAQ: CWAN is a leading investment accounting, reporting and management platform in the business services sector. Asset managers use it, as do insurers, enterprises and government agencies, including Thornburg, DC.gov, Meta Platforms Inc. (NASDAQ: META), Facebook, Fifth Third Bank Inc. NASDAQ: FITB, Zillow Group Inc. NASDAQ: Z and NC State University.

While the top- and bottom-line numbers for Clearwater Analytics (CWAN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

I recommend a buy due to CWAN strong performance in margins and growth outlook. CWAN's revenue has been consistently growing at about 20% plus, with a gross margin of 72% and a strong net income growth. Recent results show strong revenue growth and an improved NRR, driven by CWAN's market dominance, AI development, and continuous product innovation.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Joon Park - Head, Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Ella Smith - JPMorgan Michael Infante - Morgan Stanley David Unger - Wells Fargo Peter Heckmann - D.A. Davidson Gabriela Borges - Goldman Sachs Dylan Becker - William Blair Brian Schwartz - Oppenheimer Operator Thank you for joining, ladies and gentlemen, and thank you all for standing by.

Clearwater Analytics (CWAN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

CWAN has shown strong revenue performance in 1Q23, attracting major clients like Bank of America Private Bank and Merrill Lynch, and consolidating market share despite a weak economic climate. The gap between ARR growth and revenue growth should not be a concern, as large contracts take time to fully materialize and contribute to the bottom line, and the new pricing model will take time to flow through the entire customer base. CWAN's current stock price appears appealing, with potential for growth as the market recognizes the company's strong market position, steady growth, and the potential for positive EBITDA in the near future.