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Stock impact report

Clearwater (CWAN) Jumps 19% as Firms Eye Takeover [Yahoo! Finance]

Clearwater Analytics Holdings, Inc. (CWAN) 
Company Research Source: Yahoo! Finance
Clearwater surged by 18.97 percent week-on-week as investors snapped up shares following reports that it was considering a potential sale after receiving interest from prospective buyers. According to a report by Bloomberg, citing sources privy to the matter, Clearwater Analytics Holdings Inc. (NYSE:CWAN) is now working with advisers to weigh its options and solicit interest from prospective buyers, which it later identified as Warburg Pincus and Permira. Additionally, last week's gains can be attributed to bargain-hunting after the company fell to a new record low, dampened by a dismal earnings performance in the third quarter of the year. Clearwater (CWAN) Jumps 19% as Firms Eye Takeover Photo by Ewan Buck on Unsplash During the period, Clearwater Analytics Holdings Inc. (NYSE:CWAN) nosedived to a $10.3 million attributable net loss from a $3.6 million attributable net income in the same period last year. Revenues, on the other hand, jumped by 77 percent to $205 million Show less Read more
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