Clearwater Analytics Holdings Sees Q1 2024 Revenue $100.5M Vs $101.812M Est.
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics Holdings reported its Q1 2024 revenue forecast to be $100.5 million, which is below the estimated $101.812 million.
February 28, 2024 | 9:26 pm
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Clearwater Analytics Holdings forecasts its Q1 2024 revenue to be lower than expected at $100.5 million versus the estimated $101.812 million.
Revenue forecasts that fall short of market expectations typically lead to negative investor sentiment in the short term. Given that CWAN's forecasted revenue is below the estimated figure, it is likely to negatively impact investor confidence and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100