Clearwater (CWAN) Jumps 19% as Firms Eye Takeover

We precocious published 10 Market Movers That Made Millionaires successful a Week. Clearwater Analytics Holdings Inc. (NYSE:CWAN) is 1 of the best-performing stocks of the past trading week.

Clearwater surged by 18.97 percent week-on-week arsenic investors snapped up shares pursuing reports that it was considering a imaginable merchantability aft receiving involvement from prospective buyers.

According to a study by Bloomberg, citing sources privy to the matter, Clearwater Analytics Holdings Inc. (NYSE:CWAN) is present moving with advisers to measurement its options and solicit involvement from prospective buyers, which it aboriginal identified arsenic Warburg Pincus and Permira.

Additionally, past week’s gains tin beryllium attributed to bargain-hunting aft the institution fell to a caller grounds low, dampened by a dismal net show successful the 3rd 4th of the year.

Photo by Ewan Buck connected Unsplash

During the period, Clearwater Analytics Holdings Inc. (NYSE:CWAN) nosedived to a $10.3 cardinal attributable nett nonaccomplishment from a $3.6 cardinal attributable nett income successful the aforesaid play past year.

Revenues, connected the different hand, jumped by 77 percent to $205 cardinal from $115.8 cardinal successful the aforesaid comparable period, beating its guidance of $203 cardinal to $204 million.

For the full-year period, Clearwater Analytics Holdings Inc. (NYSE:CWAN) expects revenues to extremity astatine $730 cardinal to $731 million, oregon an implied year-on-year maturation of 62 percent.

In the 4th fourth alone, revenues are targeted astatine a scope of $216 cardinal to $217 million, oregon a year-on-year maturation of 71 to 72 percent.

While we admit the imaginable of CWAN arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.