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Wix.com ([[WIX]] +0.8%) receives court approval to extend the right to repurchase up to $300M of its shares to May 29, 2021. It was set to expire on December 31, 2020.Previously in April, Wix plans $500M note offering, increases buyback. For further details see: Wix.com extends sha...
Isreali technology companies have seen an increase in demand for their products and services this year due to an acceleration in digital transformation thanks to the shut-in effects of the COVID-19 global pandemic. Investments in these companies have also increased significantly this year. St...
The software-as-a-service (SaaS) business model worked wonders in 2020. Demand for all things digital spiked during the pandemic and businesses flocked to the low up-front costs of subscription-based services. The model worked well for investors too, as the recurring and predictable revenue...
BAMCO’s 13F portfolio value increased from $27.66B to $32.58B this quarter. Ron Baron decreased Tesla while increasing ZoomInfo Tech during the quarter. Their top five positions are at ~25% of the overall portfolio. For further details see: Tracking Ron Baron's BA...
We initiate coverage on Shopify with a "Neutral" rating and a price target of $985 which is 7% below its current share price of $1,063. Shopify has a best-in-class track record of growth, recording revenue CAGR of 67% over 2015 - 2019. The platform benefits from secular growth in ...
In this series we have taken a detailed look at software as a service (SaaS) firms and their stocks, and especially those that pass the Rule of 40. The Rule of 40 balances sales growth and profitability in hyper-growth SaaS companies, and we have found as a group these stocks have out...
Tech stocks that have caught tailwinds from the pandemic are trading higher today as news of record coronavirus cases in the United States was balanced with Pfizer's vaccine nearing FDA approval. The software stocks in the group are also recovering from yesterday's pullback after a JPMorgan d...
A rebalance of ratings across its software coverage has J.P. Morgan downgrading a number of names as it folds in an outlook for economic expansion starting in 2021's second quarter. That's largely not due to any change in the firm's stance on operating condition at the companies - which J.P. ...
Shopify Inc. (SHOP) and Wix.com (WIX) are two of the most innovative and fastest-growing internet business service providers. Both stocks have generated hefty returns this year thanks to pandemic-driven demand. However, as digital commerce has a long secular growth trend, both names should en...
Wix to Host a Management Update on December 9, 2020 PR Newswire NEW YORK, Dec. 1, 2020 NEW YORK , Dec. 1, 2020 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX ), today announced that it will host a virtual Management Update on Wednesday, December 9, 2020 ...
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Wix to Announce Second Quarter 2024 Results on August 7, 2024 PR Newswire NEW YORK , July 17, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX ), today announced that it will report its results for the second quarter ended June 30, 2024 before t...
2024-07-15 12:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Wix Announces Board Authorization of $200 Million Share Repurchase Program PR Newswire NEW YORK , July 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX) ("Wix," the "Company," "we" or "our"), today announced that its Board of Directors (the "Board")...