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Intel races against time to complete layoffs amid financial losses
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Salesforce acquires Israeli data company Own for $1.9 billion in cash
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The Gili Ra’anan model: Questions emerging from Cyberstarts' remarkable success
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Intel's layoff plan enters new phase after voluntary retirement program closes
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OpenAI co-founder Sutskever raises $1B at $5B valuation for safe AI startup
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מטה וויקס Wix תל אביב

Wix surprises with consistent double-digit growth, boosts annual forecast

07.08.24|Sophie Shulman
The Israeli website-building company continues to demonstrate a double-digit growth rate, with the fastest-growing segment being revenue from business partners who create websites for their clients. Wix more than doubled its operating profit in the second quarter, and revenues increased by 12%.
לוגו חברת טבע ב מטה החברה ב תל אביב 20.2.24

Teva's vision 2025: Building on momentum for future market leadership

04.08.24|Sophie Shulman
Richard Francis’ strategic plan aims to transform Teva into a powerhouse of growth and innovation.
הנפקת למונייד בורסת ניו יורק יולי 2020

Lemonade shares fall on Q2 results, 2024 forecast

31.07.24|Sophie Shulman
The insurtech company showed some positive progress in its latest earnings report, but its shares dropped after missing expectations.
ריצ'רד פרנסיס נשיא ו מנכ"ל חברת טבע

Teva posts impressive Q2 results, ups 2024 revenue forecast

31.07.24|Sophie Shulman
Strong sales of Austedo and Ajovy lead to double-digit growth for the Israeli pharma company.
Viola fintech map

Israel's evolving fintech sector: A 2024 market overview

19.06.24|James Spiro
A new report from Viola has shed light on the sector’s resilience amid a challenging economic environment  
טל יעקובסון מנכ״ל פריון

Perion shares plummet again after Microsoft removes it from Bing

10.06.24|Sophie Shulman
The adtech company's revenue from Microsoft is expected to dramatically fall to 5% of its total income in the second half of 2024 after previously reaching 50%
מטוס אל על בואינג 777

El Al records best quarter ever, profits from soaring prices, departure of foreign carriers due to war

30.05.24|Yuval Azulay
El Al's revenues in the first quarter rose by nearly 48% compared to the same quarter last year, reaching $738 million. Net profit stood at $80.5 million compared to a loss of $34.4 million in the same quarter last year
מטה פאלו אלטו סנטה קלרה קליפורניה

Palo Alto shares plummet on disappointing sales and billings forecast

21.05.24|Reuters
The cybersecurity company now expects annual billings in a range of $10.13 billion to $10.18 billion, compared with prior range of $10.10 billion to $10.20 billion 
מטה וויקס Wix תל אביב

Wix increases profit, upgrades forecast for 2024

20.05.24|Sophie Shulman
Wix's revenues in the first quarter amounted to $419.8 million, while GAAP net income reached $24 million
1 ערן זימנן ו רועי מן מנכ"לים משותפים מאנדיי monday.com

Monday.com shares surge on strong Q1, 2024 outlook

15.05.24|Sophie Shulman
In its full forecast for 2024, Monday said it expects total revenue of $942 million to $948 million, representing year-over-year growth of 29% to 30%  
Mobileye Paris

Mobileye first quarter revenue falls by almost 50% as clients cut back on spending to clear excess stock

25.04.24|CTech
The Israeli company said net loss widened to $218 million in the quarter from $79 million a year ago, weighed down by a slump in sales
טל יעקובסון מנכ״ל פריון

Why did Perion Network shares plummet over 40% in one day?

08.04.24|Sophie Shulman
The Israeli adtech company published a severe profit warning revealing that it now expects 2024 revenue in the range of $590 million to $610 million, against its prior expectation of $860 million to $880 million
מייסד אאוטבריין ירון גלאי

Yaron Galai stepping down as Outbrain CEO after 17 years amid disappointing financial results

29.02.24|Sophie Shulman
The co-founder will continue as Chairman of the Board and advisor to the company, with David Kostman, who joined as co-CEO in 2017, to assume the role of sole CEO
הנפקת למונייד בורסת ניו יורק יולי 2020

Lemonade's stock crashes on 2024 forecast despite topping estimates

28.02.24|Sophie Shulman
The insurtech company's stock plummeted by 25% at the opening of trading on Wall Street following its forecast of doubling marketing expenses and a deceleration in revenue growth
מימין נשיא פאלו אלטו ניקש ארורה ו ניר צוק מייסד ו מנהל טכנולוגיות פאלו אלטו

Palo Alto Networks loses over $30 billion in market cap, sends shockwaves throughout cyber market

21.02.24|Sophie Shulman
The cybersecurity giant’s biggest one-day share drop came after the company said that softer client spending and steep promotions forced it to cut its annual billings forecast and that it plans to offer up to six months of free services to customers who are switching to its one-stop-shop platform
מטה פאלו אלטו סנטה קלרה קליפורניה

Palo Alto Networks shares plunge following reduced 2024 forecast

21.02.24|Sophie Shulman
The cyber powerhouse forecast third-quarter billings between $2.30 billion and $2.35 billion, compared with analysts' average estimate of $2.62 billion. Revenue for the quarter that ended on January 31 grew about 19% to $1.98 billion, compared with estimates of $1.97 billion
שלומי בן חיים

JFrog hits $5 billion market cap for the first time since 2021 on back of promising 2024 outlook

15.02.24|Sophie Shulman
The software company registered revenues of $350 million in 2023, growing at a rate of 28%. It is forecasting a 22% growth rate this year
מוסף שבועי 21.3.19 ד.נ.א גיל שוויד

Gil Shwed stepping down as Check Point CEO after 30 years

06.02.24|Sophie Shulman
“I feel it is the right time for me to focus on the evolution of Check Point and its next stage. I intend to transition into the role of Executive Chairman charting the future of Check Point and the cyber security market,” said Shwed after the company announced that it ended 2023 with revenues of $2.4 billion, a 4% increase from 2022, and a net profit of $997 million
רכב אוטונומי מובילאיי Mobileye ירושלים

Despite 2024 worries, Mobileye's Q4 success points to resilient future

25.01.24|Sophie Shulman
In the fourth quarter of 2023, revenues grew by 13% compared to the corresponding quarter, reaching $637 million. However the company anticipates a 50% drop in revenues to $230 million in Q1 of 2024 due to the supply glut in the market for driver-assistance chips
תל אביב מגדלים

Unreported funding rounds propel Israeli high-tech investment to almost $10 billion in 2023

15.01.24|Sophie Shulman
According to a report by Startup Nation Central, the expectations for M&As and IPOs in 2024 are encouraging, and the leading sectors - AI, cybersecurity, and defense technologies - are expected to continue the upward trend
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