Wix.com (WIX) Moves 3.2% Higher: Will This Strength Last?

Zacks10-18

Wix.com WIX shares rallied 3.2% in the last trading session to close at $177.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. ...

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This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/wix-com-wix-moves-3-074400502.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wix.com (WIX) Moves 3.2% Higher: Will This Strength Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWix.com (WIX) Moves 3.2% Higher: Will This Strength Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 15:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wix-com-wix-moves-3-074400502.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wix.com WIX shares rallied 3.2% in the last trading session to close at $177.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/wix-com-wix-moves-3-074400502.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2491050154.USD","symbol_name":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/wix-com-wix-moves-3-074400502.html","article_id":"2476046054","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0RKNrtcqi89Y7aBnUDarHQ--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/01e9b0067cb7888e6c19de3b070d63db"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476046054","pubTimestamp":1729237440,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wix.com WIX shares rallied 3.2% in the last trading session to close at $177.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.7% gain over the past four weeks.The increase in share price can be attributed to strong topline performance. Increasing adoption of the product portfolio, especially various artificial intelligence  products and WIX Studio, has been driving the company’s performance. WIX is focusing on generative AI as this represents a significant business growth driver.The addition of new features and enhancements to WIX Studio is driving its uptake. Management highlighted that the number of Studio accounts and rate of new Partners joining the Wix platform through Studio continue to better expectations.This cloud-based web development company is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +30.9%","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0566484027.USD":"安本美国小盘成长股","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","LU1923622291.USD":"Natixis Thematics Safety R/A USD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","BK4116":"互联网服务与基础架构","BK4588":"碎股","BK4097":"系统软件","BK4560":"网络安全概念","WIX":"Wix.Com Ltd","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4548":"巴美列捷福持仓","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","CYBR":"Cyber-Ark Software","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念"},"translate_title":"Wix.com(WIX)上涨3.2%：这种强势会持续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WIX":1,"CYBR":1},"content_text":"Wix.com WIX shares rallied 3.2% in the last trading session to close at $177.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.7% gain over the past four weeks.\nThe increase in share price can be attributed to strong topline performance. Increasing adoption of the product portfolio, especially various artificial intelligence (AI) products and WIX Studio, has been driving the company’s performance. WIX is focusing on generative AI as this represents a significant business growth driver.\nThe addition of new features and enhancements to WIX Studio is driving its uptake. Management highlighted that the number of Studio accounts and rate of new Partners joining the Wix platform through Studio continue to better expectations.\nAs a result of a strong second quarter, management raised the 2024 outlook for bookings, revenues and free cash flow. Revenues are now expected to be $1,747-$1,761 million, up from the $1,738-$1,761 million band guided earlier. Total bookings are expected to be between $1,802 million and $1,822 million compared with a previous range of $1,796-$1,826 million.\nThis cloud-based web development company is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +30.9%. Revenues are expected to be $443.27 million, up 12.6% from the year-ago quarter.\nEarnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.\nFor Wix.com, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WIX going forward to see if this recent jump can turn into more strength down the road.\nThe stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWix.com is part of the Zacks Computers - IT Services industry. CyberArk CYBR, another stock in the same industry, closed the last trading session 0.5% higher at $295.65. CYBR has returned 9.7% in the past month.\nCyberArk's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. Compared to the company's year-ago EPS, this represents a change of +7.1%. CyberArk currently boasts a Zacks Rank of #1 (Strong Buy).\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWix.com Ltd. (WIX) : Free Stock Analysis Report\nCyberArk Software Ltd. (CYBR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476046054"}