A downtrend has been apparent in Magic Software (MGIC) lately with too much selling pressure. The stock has declined 9.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

财务数据和关键指标变化 - 2024年第一季度收入为1.307亿美元,同比下降8.2% [10] - 按固定汇率计算,2024年第一季度收入为1.333亿美元,同比下降6.4% [10] - 2024年第一季度收入环比增长4.1% [10] - 2024年第一季度非GAAP毛利率为29.3%,同比提升110个基点 [22] - 2024年第一季度非GAAP营业利润率为13.9%,同比提升90个基点 [13] - 2024年第一季度非GAAP净利润为1130万美元,同比下降10.4% [25] 各条业务线数据和关键指标变化 - 2024年第一季度软件解决方案收入占总收入19%,毛利率约64% [23] - 2024年第一季度专业服务收入占总收入81%,毛利率约21% [23] - 2024年第一季度软件解决方案毛利占总毛利42%,专业服务毛利占总毛利58% [23] 各个市场数据和关键指标变化 - 2024年第一季度北美收入为5230万美元,同比下降27.4%,环比增长2.7% [19] - 2024年第一季度北美收入占总收入40% [19] - 2024年第一季度以色列收入为5920万美元,同比增长11.1%,按固定汇率计算同比增长15% [20][21] - 2024年第一季度以色列收入占总收入45% [21] 公司战略和发展方向及行业竞争 - 公司专注于云技术和托管服务,提供从云迁移到云运营的全面解决方案 [15][16][17][18] - 公司在人工智能和低代码/无代码领域有战略布局,与云服务商合作提供增值服务 [18] 管理层对经营环境和未来前景的评论 - 尽管面临宏观经济挑战,但公司有信心通过销售产品和服务来实现收入增长 [12] - 公司有信心在2024年全年实现5.4亿美元至5.5亿美元的收入目标 [29] - 预计2024年下半年的增长将占全年80%,高于上半年 [35] 问答环节重要的提问和回答 问题1 **Unidentified Analyst 提问** 该季度业绩如何与预期相比,什么给予您对全年目标的信心? [32] **Asaf Berenstin 回答** - 该季度业绩符合预期,除了北美市场外,其他市场都有所改善 [33][34] - 以色列市场持续强劲增长,公司积累了良好的订单量和交付能力,有信心实现全年目标 [34][35] 问题2 **Unidentified Analyst 提问** 能否就公司的执行情况提供更多细节,销售和交付方面有什么值得骄傲的地方? [36] **Asaf Berenstin 回答** - 在以色列市场,公司推动销售取得良好成果,体现在收入增长中 [37] - 在北美市场,公司对业务进行了必要的调整以应对客户需求下降 [37] 问题3 **Unidentified Analyst 提问** 公司最近收购了一家美国技术服务公司,这是否意味着公司正在向服务型公司转型? [38] **Asaf Berenstin 回答** - 公司并非向服务型公司转型,服务业务一直占公司总收入的80%左右 [39] - 收购美国公司是为了增加市场份额,并通过协同效应提升其盈利能力 [39] - 未来如果宏观环境合适,公司可能会继续进行此类收购 [39]

Magic Software (MGIC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this business process integration software company would post earnings of $0.20 per share when it actually produced earnings of $0.24, delivering a surprise of 20%.Over the ...

OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), please note that the company has updated the dividend payout date. The dividend payable date has been advanced to July 11, 2024, from July 13, 2024. The corrected release is as follows: Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) ("the Company"), a global provider of IT consulting services and end-to-end integration and applicat ...

OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2024. Summary Results for the First Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q1 2024 Q1 2023 % Change Q1 2024 Q1 2023 % Change Revenues $130.7 $142.4 (8.2%) $130.7 ...

OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2024. Summary Results for the First Quarter 2024 (USD in millions, except per share data)        GAAP  Non-GAAP  Q1 2024Q1 2023% Change Q1 2024Q1 2023% ChangeRevenues$130.7$142.4(8.2%) $130.7 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of May 2024 Commission file number: 0-19415 MAGIC SOFTWARE ENTERPRISES LTD. (Translation of registrant’s name into English) 1 Yahadut Canada Street, Or-Yehuda, Israel 6037501 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F o ...

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2023 Earnings Conference Call March 13, 2024 11:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Chief Technology Officer Conference Call Participants Chris Reimer - Barclays Maggie Nolan - William Blair Operator Ladies and gentlemen, thank you for standing by. Welcome to the Magic Software Enterprises 2023 Fourth Quarter and Full Year Financial Results Conference Call. Magic’s fourth ...