Clearwater Analytics Sees Q3 Revenue $113M-$114M Vs $112.82M Est.; FY24 Revenue $442M-$444M Vs $440.35M Est.
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics has provided its Q3 and FY24 revenue guidance, expecting Q3 revenue between $113M-$114M and FY24 revenue between $442M-$444M, both slightly above estimates. The company also projects a 19%-20% YoY growth for Q3 and 20%-21% for FY24.
July 31, 2024 | 8:29 pm
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Clearwater Analytics has provided its Q3 and FY24 revenue guidance, expecting Q3 revenue between $113M-$114M and FY24 revenue between $442M-$444M, both slightly above estimates. The company also projects a 19%-20% YoY growth for Q3 and 20%-21% for FY24.
The revenue guidance for both Q3 and FY24 is slightly above market estimates, which is likely to have a positive short-term impact on the stock price. The projected YoY growth rates are also strong, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100