{"id":12066,"date":"2020-08-04T14:33:00","date_gmt":"2020-08-04T14:33:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/04\/investor-alert-kaplan-fox-investigates-guideware-software-inc-for-potential-securities-fraud\/"},"modified":"2020-08-04T14:33:00","modified_gmt":"2020-08-04T14:33:00","slug":"investor-alert-kaplan-fox-investigates-guideware-software-inc-for-potential-securities-fraud","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/04\/investor-alert-kaplan-fox-investigates-guideware-software-inc-for-potential-securities-fraud\/","title":{"rendered":"Investor Alert: Kaplan Fox Investigates Guideware Software Inc. For Potential Securities Fraud"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 4, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876218-1&amp;h=4150012393&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow\">www.kaplanfox.com<\/a>) is investigating claims on behalf of investors of Guidewire Software Inc. (&#8220;Guidewire&#8221; or the &#8220;Company&#8221;) (NASDAQ: GWRE).\u00a0 A complaint has been filed on behalf of investors that purchased Guidewire common stock between <span class=\"xn-chron\">March 6, 2019<\/span> and <span class=\"xn-chron\">March 4, 2020<\/span>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<p>On <span class=\"xn-chron\">March 4, 2020<\/span>, after market, Guidewire announced its financial results for the second\u00a0quarter of fiscal year 2020 and slashed its full-year revenue guidance by <span class=\"xn-money\">$57 million<\/span>, from a range of <span class=\"xn-money\">$759 million<\/span> to <span class=\"xn-money\">$771 million<\/span> to only <span class=\"xn-money\">$702 million<\/span> to <span class=\"xn-money\">$714 million<\/span>.\u00a0 Guidewire also cut its Annual Recurring Revenue guidance from a range of 14% to 16%, down to 11% to 12% for the third quarter of 2020.\u00a0 According to the complaint, during the earnings conference call, Guidewire indicated that the Company&#8217;s cloud products needed to be improved in order to meet customer needs and successfully compete against rival systems, and also revealed that a large swath of Guidewire customers no longer wanted the Company&#8217;s traditional on-premise products and had not adopted Guidewire&#8217;s cloud products.\u00a0<\/p>\n<p>On <span class=\"xn-chron\">March 5, 2020<\/span>, Guidewire&#8217;s stock price plummeted <span class=\"xn-money\">$18.92<\/span> per share, nearly 17%, to\u00a0close at <span class=\"xn-money\">$93.56<\/span> per share.<\/p>\n<p>If you are a member of the proposed Class, you may move the court <span id=\"spanHghlt26ba\">no later than<\/span>\u00a0<b><span class=\"xn-chron\">September 23, 2020<\/span><\/b> to serve as a lead plaintiff for the purported class.\u00a0 You need not seek to become a lead plaintiff in order to share in any possible recovery.\u00a0 If you would like to discuss the complaint or our investigation, please contact us by emailing <a target=\"_blank\" href=\"mailto:pmayer@kaplanfox.com\" rel=\"nofollow\">pmayer@kaplanfox.com<\/a> or by calling 646-315-9003.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p><span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">San Francisco<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">New Jersey<\/span>, has many years of experience in prosecuting investor class actions. For more information about <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, you may visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876218-1&amp;h=4150012393&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow\">www.kaplanfox.com<\/a>.\u00a0 If you have any questions about this Notice, your rights, or your interests, please contact: <\/p>\n<p><span class=\"xn-person\">Donald R. Hall<\/span><br \/><span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>850 Third Avenue, 14th Floor<br \/><span class=\"xn-location\">New York<\/span>, New York\u00a010022<br \/>(646) 315-9003<br \/>E-mail: <a target=\"_blank\" href=\"mailto:dhall@kaplanfox.com\" rel=\"nofollow\">dhall@kaplanfox.com<\/a><\/p>\n<p><span class=\"xn-person\">Laurence D. King<\/span><br \/><span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP<br \/>1999 <span class=\"xn-person\">Harrison Street<\/span>, Suite 1560<br \/><span class=\"xn-location\">Oakland, California<\/span> 94612<br \/>(415) 772-4704<br \/>Fax:\u00a0 (415) 772-4707<br \/>E-mail: <a target=\"_blank\" href=\"mailto:lking@kaplanfox.com\" rel=\"nofollow\">lking@kaplanfox.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC82575&amp;sd=2020-08-04\"\/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-guideware-software-inc-for-potential-securities-fraud-301105942.html\">http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-guideware-software-inc-for-potential-securities-fraud-301105942.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC82575&amp;Transmission_Id=202008041433PR_NEWS_USPR_____DC82575&amp;DateId=20200804\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Aug. 4, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2876218-1&amp;h=4150012393&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>) is investigating claims on behalf of investors of Guidewire Software Inc. (&#8220;Guidewire&#8221; or the &#8220;Company&#8221;) (NASDAQ: GWRE).\u00a0 A complaint has been filed on behalf of investors that purchased Guidewire common&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-12066","post","type-post","status-publish","format-standard","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Alert: Kaplan Fox Investigates Guideware Software Inc. 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