Clearwater Analytics Holdings (CWAN) Stock

Clearwater Analytics (CWAN) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).

On January 3, 2024, SRDX and CWAN were included in the Zacks Rank #1 (Strong Buy) list of momentum stocks.

This is a comparison of how Clearwater Analytics (CWAN) and AST SpaceMobile, Inc. (ASTS) have done in relation to their industry this year.

BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics Holdings, Inc. (“Clearwater” or the “Company”) (NYSE: CWAN), a top global provider of SaaS investment management, accounting, reporting, and analytics solutions, has announced a secondary public offering of 25,000,000 shares of its Class A common stock, with a par value of $0.001 per share. The Company is facilitating the resale of this Common Stock for certain parties.

Clearwater Analytics (CWAN) reported quarterly earnings of $0.12 per share, which is higher than the Zacks Consensus Estimate of $0.11 per share. This is an increase compared to earnings of $0.09 per share from the same period last year.

Clearwater Analytics has announced the addition of three new leaders to its EMEA team: Adrien de La Grange will be the Head of Business Development for France, Belgium, and Luxembourg; Amina Troger will take on the role of Head of Global Delivery for EMEA; and Jose Salas will serve as Head of Partnerships and Alliances for EMEA. This move is part of Clearwater's strategy to strengthen its leadership presence in Europe. De La Grange will focus on expanding business opportunities in the specified regions.

Fortitude Re, Securian Financial, T. Rowe Price, UBS, and Wellington Management are recognized for their excellence in investment management operations. This acknowledgment took place in Boise, Idaho, in September.

Clearwater's earnings for the second quarter reveal significant revenue growth, with an 18.8% increase compared to the same period last year, and cash flow has more than doubled to $43.9 million. The company has excellent revenue retention rates, boasting 99% gross retention and 110% net retention, with a goal of reaching 115% net retention by the first quarter of 2026. Additionally, Clearwater's strong profit margins are getting even better, now at a 32.1% levered free cash flow margin.

Clearwater Analytics, a top provider of software solutions for investment management, will hold Clearwater Connect 2024 at the Boise Centre on September 17-18. The event will feature demonstrations of generative AI, interactive learning opportunities, and insights from industry leaders. This gathering aims to set the agenda for the future of investment management.