MARKET

MGIC

MGIC

Magic Software Enterprises Ltd
NASDAQ

Real-time Quotes | Nasdaq Last Sale

17.41
+0.25
+1.46%
Opening 12:03 05/27 EDT
OPEN
17.22
PREV CLOSE
17.16
HIGH
17.54
LOW
17.22
VOLUME
3.60K
TURNOVER
47.41K
52 WEEK HIGH
25.49
52 WEEK LOW
14.87
MARKET CAP
854.71M
P/E (TTM)
27.23
1D
5D
1M
3M
1Y
5Y
Magic Software (MGIC) Upgraded to Buy: Here's What You Should Know
Magic Software (MGIC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Zacks · 05/18 16:00
Magic Software Announces Filing of 2021 Annual Report
PRESS RELEASEOr Yehuda, Israel, May 12, 2022 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT consulting services, announced today that it ...
GlobeNewswire · 05/12 18:53
Magic Software (MGIC) Beats Q1 Earnings and Revenue Estimates
Magic Software (MGIC) delivered earnings and revenue surprises of 8.33% and 7.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 05/12 11:45
Recap: Magic Software Q1 Earnings
  Magic Software (NASDAQ:MGIC) reported its Q1 earnings results on Thursday, May 12, 2022 at 08:00 AM. Here's what investors need to know about the announcement.
Benzinga · 05/12 11:27
Magic Software Non-GAAP EPS of $0.26, revenue of $138.7M; raises FY22 guidance
Magic Software press release (NASDAQ:MGIC): Q1 Non-GAAP EPS of $0.26. Revenue of $138.7M (+29.3% Y/Y). As of March 31, 2022, Magic’s net cash, cash equivalents, short and long-term bank deposits and
Seekingalpha · 05/12 11:01
Magic Software Q1 EPS $0.26 Beats $0.24 Estimate, Sales $138.70M Beat $128.80M Estimate
Magic Software (NASDAQ:MGIC) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.24 by 8.33 percent. This is a 23.81 percent increase over earnings of $0.21 per share from the
Benzinga · 05/12 10:33
Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth
Operating income for the first quarter increased 31% year over year to a record breaking $15.9 million; Non-GAAP operating income for the first quarter increased 26% year over year to a record-breaking first quarter result of $18.9 millionOR YEHUDA, Israel...
GlobeNewswire · 05/12 10:33
Magic Software Q1 consensus EPS, revenue estimates up
Magic Software (NASDAQ:MGIC) Q1 consensus EPS estimate is $0.24 (+14.3% Y/Y) and consensus revenue estimate is $128.8M (+20.0% Y/Y). MGIC is scheduled to announce Q1 earnings results on Thursday, May 12, before market
Seekingalpha · 05/11 16:44
More
No Data
Learn about the latest financial forecast of MGIC. Analyze the recent business situations of Magic Software Enterprises Ltd through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 2 analysts

Strong Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

50.00%Strong Buy
50.00%Buy
0.00%Hold
0.00%Under-perform
0.00%Sell
Analyst Price Target
The average MGIC stock price target is 25.00 with a high estimate of 28.00 and a low estimate of 22.00.
High28.00
Average25.00
Low22.00
Current 17.41
EPS
Actual
Estimate
0.070.140.200.27
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Institutional Holdings
Institutions: 90
Institutional Holdings: 10.14M
% Owned: 20.66%
Shares Outstanding: 49.09M
TypeInstitutionsShares
Increased
23
355.08K
New
5
26.66K
Decreased
25
231.78K
Sold Out
6
105.58K
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Software
+2.74%
Software & IT Services
+2.58%
Key Executives
Chief Executive Officer/Director
Guy Bernstein
Chief Financial Officer
Asaf Berenstin
Corporate Executive
Yuval Baruch
Corporate Executive
Arik Faingold
Corporate Executive
Arik Kilman
Corporate Executive
Hanan Shahaf
Corporate Executive
Yakov Tsaroya
Corporate Executive
Uzi Yaari
Vice President
Yuval Lavi
Director
Naamit Salomon
Independent Director
Ron Ettlinger
Independent Director
Sagi Schliesser
Independent Director
Avi Zakay
No Data
No Data
About MGIC
Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.

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