Top ideas in vertical software with valuations over or below 50th percentile - Baird

seekingalpha05-02

The first quarter earnings results for the vertical software industry group is tracking “lightly better than expected” and it has shown in some guidance raises and outlooks largely unchanged for the ...

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Baird\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4098723-top-ideas-in-vertical-software-with-valuations-over-or-below-50th-percentile-baird><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter earnings results for the vertical software industry group is tracking “lightly better than expected” and it has shown in some guidance raises and outlooks largely unchanged for the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4098723-top-ideas-in-vertical-software-with-valuations-over-or-below-50th-percentile-baird\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2458330169.SGD","symbol_name":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4098723-top-ideas-in-vertical-software-with-valuations-over-or-below-50th-percentile-baird","article_id":"2432038600","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1347628356/image_1347628356.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432038600","pubTimestamp":1714660744,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The first quarter earnings results for the vertical software industry group is tracking “lightly better than expected” and it has shown in some guidance raises and outlooks largely unchanged for the r","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","DH":"Definitive Healthcare Corp.","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","MANH":"曼哈顿联合软件","ADSK":"欧特克","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","BK4576":"AR","CERT":"Certara, Inc.","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4566":"资本集团","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1803068979.SGD":"FTIF - 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Stock reactions have ranged from -10% to 6% in response to the updates, according to a Baird Morning Report note.  Analysts also separated vertical software stocks in their coverage between ideas with valuations at or above the 50th percentile of recent trading history and those at or below. “Ideas at the top of the table deliver larger estimate revisions, and large revisions can drive stocks higher even if valuations high,” analysts wrote. “Conversely, any negative ‘rate of change’ in revisions can precede normalizing valuations.” They also explain that this is what happened with companies such as Cadence Design Systems Inc. (NASDAQ:CDNS) and Manhattan Associates Inc. (NASDAQ:MANH). Analysts expect Cadence Design Systems (CDNS). Manhattan Associates (MANH), Synopsys Inc. (SNPS), and Bentley Systems Inc. (BSY) to surpass their 2025 consensus estimates. “For ideas at the bottom, the current debate is whether or how much estimates can go up, or whether estimates are at risk,” Baird analysts said. This is relevant for Guidewire Software Inc. (GWRE), Roper Technologies Inc. (ROP), PTC Inc. (PTC), Q2 Holdings Inc. (QTWO), nCino Inc. (NCNO), Phreesia Inc. (PHR); and for Certara Inc. (CERT), PowerSchool Holdings Inc. (PWSC), Instructure Holdings Inc. (INST), Definitive Healthcare Corp. (DH), Autodesk Inc. (ADSK), and Veeva Systems Inc. (VEEV), respectively.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432038600"}