Wall Street closed the week with a record high in the S&P 500 index, surpassing the 5,000 point mark for the first time. The NASDAQ and Dow Jones indices also performed well, with gains of 1.5% and minor declines respectively. Among Israeli companies listed on Wall Street, Cyberark stood out as a prominent stock with a significant increase in value.
Cyberark’s stock jumped 15.7% in the last two trading days of the week, adding $1.6 billion to its market value. The cybersecurity company is now trading at a record high of $11.8 billion and is ranked as the fifth largest Israeli company on Wall Street after Mobileye, Check Point, Nice, and Teva. In its quarterly report released last Thursday, Cyberark reported revenue growth of 31.9% in the fourth quarter to $223 million compared to analysts’ forecasts of $210 million, while also providing positive forecasts for the first quarter and 2024.
Onds announced that it plans to delist from trading on the Tel Aviv Stock Exchange after being acquired by an American technology company last year. Its shares have fallen by 31.5% since trading began on the Tel Aviv Stock Exchange in January 2023. Meanwhile, Stixspay received permission from New York Stock Exchange management to implement a plan to meet trading conditions again after jumping 17% in value over two days following news of receiving approval for such a plan until May 2025.