Guidewire Software is in freefall following its fiscal fourth-quarter earnings report released after the market close on September 3.
While the company beat consensus estimates with earnings of $0.99 per share against an expected $0.94 and exceeded revenue expectations by 2.20%, investors appear to be reacting to the stock's year-to-date underperformance relative to the S&P 500. This sharp reversal follows a session where the stock had rallied 5.2% a