Magic Software Enterprises Ltd. (MGIC) news stock charts
Magic Software Enterprises Ltd. (MGIC) Investment Summary:
We were incorporated under the laws of the State of Israel in February 1983 as Mashov Software Export (1983) Ltd. and we changed our name to Magic Software Enterprises Ltd. in 1991. We are a public limited liability company and operate under the Israeli Companies Law 1999 and associated legislation. Our registered offices and principal place of business are located at 5 Haplada Street, Or Yehuda 60218, Israel, and our telephone number is +972-3-538-9292. Our U.S. subsidiary, Magic Software Enterprises Inc., is located at 23046 Avenida de la Carlota, suite 300, Laguna Hills, CA 926653. Our address on the Internet is www.magicsoftware.com. The information on our website is not incorporated by reference into this annual report. We develop, market and support eDeveloper, an application platform for software development and deployment, with SOA, and iBOLT, a technology for business integration and business process management, or BPM. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f05%2f16%2f0001178913-08-001273.html#FIS_COMPANY_INFORMATION"MAGIC SOFTWARE ENTERPRISES (MGIC:NASDAQ)
Snapshot of MAGIC SOFTWARE ENTERPRISES (MGIC)
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OPEN
$2.20
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PREVIOUS CLOSE
$2.18
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DAY HIGH
$2.30
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DAY LOW
$2.20
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52 WEEK HIGH
01/7/10 - $2.34
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52 WEEK LOW
03/16/09 - $0.83
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MARKET CAP
67.1M
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AVERAGE VOLUME 10 D
132.1K
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EPS TTM
$0.19
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SHARES OUTSTANDING
29.7M
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EX-DATE
01/7/10
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P/E TTM
11.9x
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DIVIDEND
--
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DIVIDEND YIELD
22.12%
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| K = Thousands M = Millions B = Billions | ||
Key developments for MAGIC SOFTWARE ENTERPRISES (MGIC)
Magic Software Enterprises Ltd. reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported revenues of $14.5 million compared to $15.1 million in fourth quarter of 2008. Operating income was $1.8 million compared to $1.2 million in the same quarter of 2008. Net income was $3.5 million or $0.11 per diluted share, a three-fold increase compared to $1.1 million or $0.03 per diluted share in the fourth quarter of 2008 and $0.9 million for the third quarter of 2009. The company reported income before taxes on income of $3.6 million, non-GAAP operating income of $1.9 million, non-GAAP net income of $3.6 million or $0.11 per diluted share compared to income before taxes on income of $1.1 million, non-GAAP operating income of $1.3 million, non-GAAP net income of $1.2 million or $0.04 per diluted share for the same quarter last year. For the year, the company reported net income of $6.2 million or $0.19 per diluted share on revenues of $55.4 million compared to net income of $4.5 million or $0.14 per diluted share on revenues of $62 million for the same period last year. The company reported operating income of $4.3 million, income before taxes on income of $6.5 million, non-GAAP operating income of $4.9 million, non-GAAP net income of $6.8 million or $0.21 per diluted share compared to operating income of $4.3 million, income before taxes on income of $4.7 million, non-GAAP operating income of $4.5 million, non-GAAP net income of $4.8 million or $0.15 per diluted share for the same period last year.
Magic Software Enterprises Ltd. announced the closing of an iBOLT business integration suite and uniPaaS application platform software license sale to Vishay Intertechnology Inc. Vishay Intertechnology selected Magic Software's iBOLT integration suite and uniPaaS application platform after a proof-of-concept demonstrating agile development, straightforward integration and reliability with their existing data and systems such as SAP ERP R/3 and many others. With more than 50 iBOLT adapters, wizards, services and methods, iBOLT allows any size organization to create continuous business processes based on SAP ERP R/3 and other enterprise systems, while Magic Software's meta-data based uniPaaS requires only a single skill set to create applications that can deploy with client-server, Web, mobile or browser-free RIA interfaces.
Magic Software Enterprises Ltd. announced a new partnership with Abaco Consultores. Abaco will be using Magic Software's iBOLT code-free business integration platform to integrate SAP R/3, SAP Business One and SAP Business All in One with a wide selection of enterprise applications including CRM, ERP, Accounting, Supply Chain, email, Web and Wireless systems.
Magic Software Enterprises Ltd. financial resources
MGIC Competitors
| Company | Last | Change |
| BroadVision Inc | $13.31 USD | +0.01 |
| Pegasystems Inc | $36.83 USD | +0.26 |
| Progress Software Corp | $31.52 USD | +0.08 |
| TIBCO Software Inc | $10.87 USD | +0.31 |
| Unify Corp | $3.16 USD | -0.075 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MGIC | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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MGIC |
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MGIC transactions
| Type Date |
Target |
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Merger/Acquisition
December 6, 2009 |
Magic Software Enterprises, Office Premise |
More Recent Financial News About Magic Software Enterprises Ltd.
Magic Software to Present Practical Cloud Strategy at Cloud Computing Congress
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Magic Software Signs Abaco, a Leading SAP Implementation Partner in Portugal
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CoreTech, a Subsidiary of Magic Software Acquires Assets of IT Services Company
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Magic Software Closes a Software License Deal With Vishay Intertechnology
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Magic Software Reports Q4 and Full Year 2009 Results: Annual Net Profits Increased to $6.2 Million Along with Improved Operations
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Magic Software to Demonstrate Microsoft SharePoint Integration with Social Media and Enterprise Systems at SPTechCon 2010
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Q4 2009 Magic Software Enterprises Earnings Release - Time Not Supplied
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Magic Software Reports Q4 and Full Year 2009 Results: Annual Net Profits Increased to $6.2 Million Along with Improved Operations
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Magic Software to Demonstrate Microsoft SharePoint Integration with Social Media and Enterprise Systems at SPTechCon 2010
Read article
CoreTech, a Subsidiary of Magic Software Acquires Assets of IT Services Company
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Magic Software Closes a Software License Deal With Vishay Intertechnology
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Magic Software closes license sale to Vishay
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Magic Software Signs Abaco, a Leading SAP Implementation Partner in Portugal
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Magic Software Sells Company Office Building for About $5.2 Million in Cash
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