Stock Track | Clearwater Analytics Holdings Stock Surges 24.81% on Strong Q3 Results and Raised Guidance

Stock Track

Nov 08, 2024

Shares of Clearwater Analytics Holdings, Inc. (CWAN) soared 24.81% on November 7th, 2024, driven by the company's impressive third-quarter 2024 financial results and an upbeat outlook for the full year.

Clearwater Analytics reported a 22.4% year-over-year increase in revenue to $115.8 million for the third quarter, surpassing analysts' expectations. The company's Annualized Recurring Revenue (ARR) also grew robustly, up 26.1% compared to the previous year, reaching $456.9 million. These strong results were fueled by broad-based growth across industries and geographies, as well as contributions from new product innovations.

Buoyed by the strong performance, Clearwater Analytics raised its full-year 2024 revenue guidance to $445.5 million, representing a 21% year-over-year growth rate. The company also increased its adjusted EBITDA guidance for the full year to $142.5 million, up 35% from the previous year. Analysts and investors responded positively to the raised guidance, driving the stock higher.

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(CWAN) soared 24.81% on November 7th, 2024, driven by the company's impressive third-quarter 2024 financial results and an upbeat outlook for the full year.</p>\n\n<p>Clearwater Analytics reported a 22.4% year-over-year increase in revenue to $115.8 million for the third quarter, surpassing analysts' expectations. The company's Annualized Recurring Revenue (ARR) also grew robustly, up 26.1% compared to the previous year, reaching $456.9 million. These strong results were fueled by broad-based growth across industries and geographies, as well as contributions from new product innovations.</p>\n\n<p>Buoyed by the strong performance, Clearwater Analytics raised its full-year 2024 revenue guidance to $445.5 million, representing a 21% year-over-year growth rate. The company also increased its adjusted EBITDA guidance for the full year to $142.5 million, up 35% from the previous year. 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(CWAN) soared 24.81% on November 7th, 2024, driven by the company's impressive third-quarter 2024 financial results and an upbeat outlook for the full year.</p>\n\n<p>Clearwater Analytics reported a 22.4% year-over-year increase in revenue to $115.8 million for the third quarter, surpassing analysts' expectations. The company's Annualized Recurring Revenue (ARR) also grew robustly, up 26.1% compared to the previous year, reaching $456.9 million. These strong results were fueled by broad-based growth across industries and geographies, as well as contributions from new product innovations.</p>\n\n<p>Buoyed by the strong performance, Clearwater Analytics raised its full-year 2024 revenue guidance to $445.5 million, representing a 21% year-over-year growth rate. The company also increased its adjusted EBITDA guidance for the full year to $142.5 million, up 35% from the previous year. Analysts and investors responded positively to the raised guidance, driving the stock higher.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CWAN","symbol_name":"Clearwater Analytics Holdings, Inc.","start_time":0,"source_url":"","article_id":"1100128622","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100128622","pubTimestamp":1731046949,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Clearwater Analytics Holdings, Inc.  soared 24.81% on November 7th, 2024, driven by the company's impressive third-quarter 2024 financial results and an upbeat outlook for the full year.Clearwater Analytics reported a 22.4% year-over-year increase in revenue to $115.8 million for the third quarter, surpassing analysts' expectations. 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