Wix.com (WIX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this cloud-based web development company have returned +5.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The Zacks Computers - IT Services industry, to which Wix.com belongs, has gained 1.3% over this period. Now the key question is: Where could the stock be headed in the near ter ...

Wix.com's (WIX) shares have been performing well on the trading front, with a gain of 32.5% year to date compared with the S&P 500 composite and sub-industry's growth of 16.2% and 1.8%, respectively. The stock has gained 4.2% since announcing solid second-quarter 2024 results on Aug 7. The stock is still trading 8.7% below its 52-week high of $178.65, which makes it relatively affordable for investors. Headquartered in Tel Aviv, Israel and founded in 2006, WIX is a cloud-based web development platform. It o ...

Wix.com Ltd (WIX) recently strengthened its partnership with payment solution provider Moneris Solutions Corporation ("Moneris") by introducing Moneris Total Commerce, a cutting-edge omnichannel point-of-sale solution. In May 2023, WIX and Canada-based Moneris partnered to launch Moneris Online, a comprehensive ecommerce solution that simplifies online sales. Building on the earlier collaboration's success, the Total Commerce solution aims to streamline operations and enhance customer experiences across bot ...

Website development platform Wix.com Ltd. NASDAQ: WIX helps consumers and businesses create and develop websites in minutes and enable eCommerce transactions. Domain registration was one of Wix's earliest services enabling customers to register and renew domain names as well as purchase them through the platform. Wix offers a customer relationship manager (CRM) program called Ascend, with features including lead management tools, email marketing, and automation. Its Logo Maker feature creates logos for a on ...

NickyLloyd/E+ via Getty Images Wix.com Ltd. (NASDAQ:WIX) operates as a website development platform for individuals and businesses through the Creative Subscriptions and Business Solutions segments, also bringing logo design services, a payment platform, and support software for websites among Wix's complementary offerings. The company reported its Q2 results on the 7th of August in pre-market hours, showing predicably continued growth and well-improving profitability along with a slight 2024 financial outl ...

Wix.com Ltd (WIX) reported non-GAAP diluted earnings per share (EPS) of $1.67 for second-quarter 2024, which exceeded the Zacks Consensus Estimate of $1.32. The company reported EPS of $1.26 in the year-ago quarter. Total revenues increased 12% year over year to $435.7 million and beat the Zacks Consensus Estimate of $433.6 million. At the end of Jun 30, 2024, registered users were 273 million. Quarter in Detail Creative Subscriptions' revenues (71.6% of total revenues) increased 9% year over year to $312.1 ...

Company Overview 1 Second Quarter 2024 WIX Safe Harbor Forward Looking Statements This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including, but not limited to revenue, bookings and free cash flow, and may be identified by words like "anticipate," "assume," "believe," "aim," ...

Wix.com Ltd. (NASDAQ:WIX) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO & Co-Founder Nir Zohar - President & COO Lior Shemesh - CFO Conference Call Participants Ygal Arounian - Citigroup Andrew Boone - JMP Securities Elizabeth Porter - Morgan Stanley Jian Li - Evercore ISI John Byun - Jefferies Josh Beck - Raymond James Operator Good day, and thank you for standing by. Welcome to Wix Second Quarter 2024 Earnings Conference Call. At this ...

For the quarter ended June 2024, Wix.com (WIX) reported revenue of $435.75 million, up 11.7% over the same period last year. EPS came in at $1.67, compared to $1.26 in the year-ago quarter. The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $433.61 million. With the consensus EPS estimate being $1.32, the EPS surprise was +26.52%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H NEW YORK, August 7, 2024 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally , today reported financial results for the second quarter of 2024. In addition, the Company provided its outlook for the third quarter and an updated outlook for full year 2024. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q2'24 Shareholder U ...