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Wall Street concluded a remarkable week with the S&P 500 index hitting an unprecedented mark of over 5,000 points. The NASDAQ index also experienced significant growth while the Dow Jones index recorded a minor decline. Several Israeli companies traded on Wall Street, including Cyberark, which experienced a meteoric rise in stock value after reporting strong financial results for the fourth quarter and providing positive projections for the first quarter and 2024.

Cyberark’s revenues in the fourth quarter increased by 31.9% to $223 million compared to analysts’ expectations of $210 million. Its net profit on a Non-GAAP basis was recorded at 38.1 million dollars ($81 cents per share), higher than analysts’ expectations of 47 cents per share. In the first quarter, Cyberark expects revenues of 209-215 million dollars, higher than analysts’ forecasts, and its Non-GAAP net profit per share will be 21-31 cents, similar to analysts’ forecasts. In 2024, its revenue forecast is for growth of about 23% for revenues of $920-$930 million dollars, higher than analysts’ forecasts, and its net profit per share will be $1.63-$1.81 dollars.

Another American technology company Onds has announced its intention to delist from trading on the Tel Aviv Stock Exchange after completing an acquisition of Israeli Aerobotics last year. Ondes shares have been trading on Nasdaq since then and rose by 8.4% over the weekend to a price of $1.42 (reflecting a market value of $88 million). However, since it began trading on the Tel Aviv Stock Exchange in January, Onds stock has fallen by 31.5%.

Lastly, American company Stixspay had a significant rise in stock value by 17% over two days due to positive reports about new customers and orders that are expected to increase market value in future business developments. Despite this increase in stock price Stixpay’s stock remains below one dollar at $43 cents (reflection market value of $35 million) managed by Nir Barkan after being merged into SPAC at a value of $365 million in 2022

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