Guidewire Software Stock Surges 19% On Strong Q4 Results

(RTTNews) - Guidewire Software, Inc. (GWRE) jumped 18.85 percent to $257.89 on Friday, up $40.90, following the release of its fiscal fourth-quarter results. The company posted net income of $51.95 million, or $0.60 per share, compared to $16.76 million, or $0.20 per share, a year earlier. Revenue climbed 22.3 percent to $356.6 million from $291.5 million last year. The stock opened at $263.99 and traded between $243.36 and $272.60, after closing at $216.99 in the prior session on the New York Stock Exchange. Trading volume reached 1.5 million shares, more than double its daily average of 737,940. With today's rally, Guidewire is trading near the top of its 52-week range of $159.00 to $272.60, reflecting strong investor confidence in its growth trajectory.