Stock Forecast: Easy Site Construction and Increased Subscriptions Drives WIX Up

  This article was written by Esther Hanon, a Financial Analyst at I Know First.

[Source: Wikimedia Commons, May 29th, 2018]

“Our continued focus on product development and efficient marketing investment once again drove strong financial results. This is a strong start to the year, and we are building momentum to propel continued growth through the remainder of 2018.”

--Avishai Abrahami, Co-founder and CEO of Wix

Stock Forecast: Ltd. (NASDAQ: WIX) Up 8.5% After Releasing Q1 Revenue Increase of 49%


  • WIX stock jumped nearly 9% following their Q1 earnings announcement on May 9th
  • They have beat expectation for both collection and revenues, and are increasing the full year outlook
  • They reported free cash flow of more than $21 million and revenues of $49 million
  • These strong financial results are driven by their continuous focus on innovation, product development and outstanding market execution
  • They've added 231,000 subscriptions this quarter, the most ever

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Quick Win by the Algorithm: Ltd (NASDAQ: WIX) Starts the Last Month of Q1 2018 with 27.58% In 14 Days

Quick Win by the Algorithm



“Continued improvements to our product offering and successful execution of marketing campaigns drove robust financial results this quarter, closing out a strong year,”

– Avishai Abrahami, Co-founder and CEO of Wix, press release of FY17 results, February 14th, 2018.

Over the past two weeks Ltd (NASDAQ: WIX) stock price jumped by 27.58% from $63.85 to $76.80 per share, outperforming the industry’s index (NASDAQ) by some 23% during this period. Wix’s bullish stock performance followed the company’s press release of the

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