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Ken Wong

Managing Director and Senior Equity Analyst at Oppenheimer & Co. Inc.

Ken Wong is a Managing Director and Senior Equity Analyst at Oppenheimer & Co. Inc., specializing in SaaS and applications software within the Technology sector. He covers leading companies such as Shopify, Veeva Systems, Wix, HubSpot, and Altair Engineering, with a 59–67% success rate on his stock recommendations and average returns ranging from 12.7% to 14.35%, including a standout 280% return on HubSpot. With over 17 years of equity research experience, Wong joined Oppenheimer in 2022 after senior research roles at Guggenheim Securities, Citigroup, Cowen, and Bear Stearns. He holds a B.A. from the University of California, Berkeley, and maintains professional regulatory credentials required for equity research analysts.

Ken Wong's questions to Guidewire Software (GWRE) leadership

Question · Q4 2025

Ken Wong asked for context on the Liberty Mutual deal's fully ramped basis, specifically how it compares given Guidewire's practice of capping fully ramped ARR at five years, and its comparability for further years of the arrangement.

Answer

CFO Jeff Cooper reiterated that Guidewire caps its fully ramped ARR metric at five years and cannot disclose specific terms of the Liberty Mutual deal. He noted that it was a very meaningful deal that significantly changes the financial and strategic arrangement with the customer.

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