Guidewire jumps after Q1 profit beat, FY revenue forecast raise

Shares of insurance software provider Guidewire GWRE.N jump 11.3% to $240.11 premarket

GWRE Q1 profit beats estimates on stronger demand for its cloud platform

Co also raises full year revenue forecast

Q1 adj. EPS of 66 cents, beats analysts' average estimate of 61 cents, according to LSEG data

Co beats profit estimates for fourth straight quarter

Expects FY 26 revenue between $1.403 and $1.419 bln, mid-point higher than analysts' estimate of $1.405 bln

11 of 15 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; their median PT is $278- LSEG data

GWRE up nearly 28% YTD, up to last close