Magic Software Enterprises Ltd. (MGIC)
| Market Cap | 450.18M |
| Revenue (ttm) | 556.65M |
| Net Income (ttm) | 39.88M |
| Shares Out | 49.09M |
| EPS (ttm) | 0.81 |
| PE Ratio | 12.16 |
| Forward PE | 23.92 |
| Dividend | $0.63 (6.84%) |
| Ex-Dividend Date | Aug 29, 2023 |
| Volume | 20,678 |
| Open | 9.19 |
| Previous Close | 9.36 |
| Day's Range | 9.08 - 9.33 |
| 52-Week Range | 8.15 - 17.67 |
| Beta | 1.20 |
| Analysts | Buy |
| Price Target | 18.00 (+96.29%) |
| Earnings Date | Nov 14, 2023 |
About MGIC
Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud based services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and deliv... [Read more]
Financial Performance
In 2022, MGIC's revenue was $566.79 million, an increase of 18.00% compared to the previous year's $480.33 million. Earnings were $40.47 million, an increase of 35.96%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MGIC stock is "Buy" and the 12-month stock price forecast is $18.0.
News
Magic Software Reports Third Quarter 2023 Financial Results
OR YEHUDA, Israel, Nov. 14, 2023 (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...
MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS
Company will announce results for the third quarter of 2023 on November 14, 2023 Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Comp...
Magic Software Reports Second Quarter 2023 Financial Results
Revenues for the second quarter of 2023 increased by approximately 0.4 % to a record-breaking second quarter result of $ 137 . 6 million and 4.4% on a constant currency basis , compared to $ 137 . 0 ...
Magic Software Reports First Quarter 2023 Financial Results
Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year Rev...
Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)
Net income for the year increased by 38.6% year over year to a record-breaking result of $40.7 million; non-GAAP net income for the year increased by 13% year over year to a record-breaking result of ...
Magic Software Reports Third Quarter 2022 Financial Results with Record Breaking Revenues of $144 Million, Reflecting a 19% Year-Over-Year Growth. Net income reached a record-breaking $11.5 Million, Reflecting 53% Year-Over-Year Growth
Operating income for the third quarter increased by 34% year-over-year to a record-breaking result of $16.1 million; Non-GAAP operating income for the third quarter increased by 14% year-over-year to ...
Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year Growth
Operating income for the second quarter increased by 16% year over year to a record second quarter result of $14.7 million; Non-GAAP operating income for the second quarter increased by 10% year over ...
Magic Software Announces Filing of 2021 Annual Report
PRESS RELEASE PRESS RELEASE
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-breakin...
Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $480.3 Million Reflecting 29.4% Year Over Year Growth
Operating income for the year increased 26.2% year over year to a record breaking $51.2 million; Non-GAAP operating income for the year increased 27% year over year to a record-breaking $66.8 million
Magic Software Reports Third Quarter 2021 Financial Results with Record-Breaking Revenues of $120.9 million - a 27.4% Year Over Year Increase
Operating income for the third quarter increased 9% year over year to $12.0 million; Non-GAAP operating income for the third quarter increased 14% year over year to a record-breaking $16.2 million
Magic Software Reports Second Quarter 2021 Financial Results with Record-Breaking Revenues for The Second Quarter of $119.2 million - a 37.7% Year Over Year Increase
Operating Income for the second quarter increased 29% year over year to $12.7 million; Non-GAAP operating income for the second quarter increased 30% year over year to $15.9 million
Magic Software Announces Filing of 2020 Annual Report
Or Yehuda, Israel, May 13, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT co...
Magic Software Reports First Quarter 2021 Financial Results
OR YEHUDA, Israel, May 10, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms solutions...
Magic Software to Announce First Quarter 2021 Financial Results on May 10, 2021
Or Yehuda, Israel, April 22, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platfor...
Magic Software Introduces FactoryEye, a Dynamic Industry 4.0 Solution for North American Manufacturers
OR YEHUDA, Israel and LAGUNA HILLS, Calif., April 19, 2021 /PRNewswire/ -- Magic Software Enterprises Ltd, (NASDAQ: MGIC) and (TASE: MGIC), a global provider of end-to-end integration platform solutio...
Magic Software: Q4 Earnings Insights
Shares of Magic Software (NASDAQ:MGIC) rose 5.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 61.54% year over year to $0.21, which beat th...
Magic Reports Fourth Quarter and Full Year 2020 Financial Results with Record-Breaking Annual Revenues of $371.2 million - a 14% Year Over Year Increase
Operating income for the year increased 21% year over year to $40.6 million; Non-GAAP operating income for the year increased 20% year over year to $52.6 million Operating income for the year increase...
Preview: Magic Software's Earnings
On Monday, March 08, Magic Software (NASDAQ:MGIC) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Magic Reports Third Quarter 2020 Financial Results with Both Record-Breaking Revenues of $95 million, reflecting a 11% Year Over Year Growth and Record-Breaking Operating Income of $11 million, reflecting a 30% Year Over Year Growth
Non-GAAP operating income for the third quarter increased 21% year over year to a record breaking $14.2 million Non-GAAP operating income for the third quarter increased 21% year over year to a record...
Magic to Announce Third Quarter 2020 Financial Results on November 16, 2020
Or Yehuda, Israel, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platforms...
Recap: Magic Software Q2 Earnings
Shares of Magic Software (NASDAQ:MGIC) rose 2.5% in pre-market tradinafter the company reported Q2 results.
Correction: Magic to Announce Second Quarter 2020 Financial Results on August 13, 2020
Or Yehuda, Israel, July 28, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platfor...
Magic to Announce First Quarter 2020 Financial Results on August 13, 2020
Or Yehuda, Israel, July 28, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platfor...
Magic Software: Q1 Earnings Insights
Shares of Magic Software (NASDAQ:MGIC) rose 6.2% in pre-market trading after the company reported Q1 results.