Clearwater Analytics Holdings Sees FY24 Revenue $431M-$437M Vs $440.143M Est.
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics Holdings projects its FY24 revenue to be between $431M and $437M, which is below the estimated $440.143M.
February 28, 2024 | 9:26 pm
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NEGATIVE IMPACT
Clearwater Analytics Holdings forecasts its FY24 revenue to be lower than the estimated $440.143M, projecting between $431M and $437M.
Revenue forecasts that fall short of market expectations typically lead to negative investor sentiment in the short term. As CWAN's projected revenue is below the estimated figure, this could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100