GlobeNewswire Inc | Jul 31, 2020 11:02AM EDT

July 31, 2020

NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Guidewire Software, Inc.("Guidewire" or the Company) (NYSE: GWRE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Guidewire securities between March 6, 2019 and March 4, 2020,both dates inclusive (the Class Period).Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/gwre.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Companys transition to the cloud was not going well; (2) Guidewires cloud-based products needed to be improved to meet customer needs and catch-up with rival systems; (3) the Companys failed transition to the cloud was also hurting Guidewires traditional on-premise business; and (4) as a result, Guidewires revenue guidance, including guidance principally based on significantly increasing demand for the Companys cloud-based products, was baseless and unattainable.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/gwre or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Guidewire you have until September 23, 2020 to request that the Court appoint you as co-lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com