DCT Stock Recent News

SBS, a prominent provider of claims replacement solutions, is the newest member of Duck Creek's powerful partner ecosystem SBS, a prominent provider of claims replacement solutions, is the newest member of Duck Creek's powerful partner ecosystem

BOSTON, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ: DCT) (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced today it will release its financial results for the fourth quarter and full year, ended August 31, 2022, after the U.S. financial markets close on Wednesday, October 12, 2022.

Duck Creek is the leader in cloud-based core business solutions for the short-term insurance industry. It serves an underpenetrated market (only 10% penetrated) and has low market share (only 8%). This means its runway for revenue growth is substantial.

Duck Creek Technologies is a vendor of core systems for the property and casualty insurance business that offers software as a service. Overall, I believe that they seem to offer an okay product to the market, but nothing extraordinary.

Duck Creek Technologies (NASDAQ: DCT) stock dropped almost 20% after the corporation trimmed its revenue guidance outlook for its full fiscal year, missing analyst consensus estimates. Duck Creek recorded an adjusted EPS of $0.01 in the third quarter, which was down 3 cents.

Duck Creek Technologies, Inc. (NASDAQ:DCT ) Q3 2022 Earnings Conference Call June 29, 2022 5:00 PM ET Company Participants Brian Denyeau - IR, ICR, Inc. Michael Jackowski - Chief Executive Officer Kevin Rhodes - Chief Financial Officer Conference Call Participants Dylan Becker - William Blair Alex Zukin - Wolfe Research Michael Funk - Bank of America Pete Heckman - D.A. Davidson Operator Thank you for standing by, and welcome to Duck Creek Technologies' Third Quarter 2022 Earnings Call.

Duck Creek Technologies (NASDAQ: DCT) announced it is buying Prima XL. This is why.

BOSTON, June 08, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (NASDAQ: DCT) (“Duck Creek”), a leading, global technology solutions provider to the property and casualty (P&C) insurance industry, announced today it will release its financial results for the third quarter of fiscal year 2022, ended May 31, 2022, after the U.S. financial markets close on Wednesday, June 29, 2022.

A rapid rise in spending on cloud infrastructure services is helping companies like 8x8, Inc. (EGHT), Duck Creek Technologies, Inc. (DCT), Paycom Software, Inc. (PAYC) and Veeva Systems Inc. (VEEV).

Duck Creek (DCT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).