TLV Recap-Week ending Jan. 24

Jan 27, 2025

We share weekly updates with investors on stocks in the four Israel-country exchange-traded funds.

Ark Israel Innovative Technology ETF (IZRL), up 1.22% for week ended Jan. 24
VanEck Israel ETF (ISRA), up 0.72%
iShares MSCI Israel ETF (EIS), up 0.52%
Amplify Bluestar Israel Technology ETF (ITEQ), up 0.11%

CyberArk Software (CYBR), up 1.87% for the week ended Jan. 24

CICC initiates coverage of CyberArk at outperform with a $382 price target.
The stock has an average rating of buy and a mean price target of $376.75, per FactSet.

Gilat Satellite Networks (GILT), up 10.12%

Gilat Satellite Networks (GILT) said Jan. 21 that its Gilat DataPath unit has been awarded over $5 million in contracts from the US Department of Defense and other international defense forces.
The orders, for DKET terminals and Field Service Representative support, will be delivered over the next 12 months, the satellite networking technology company said. They include contract extensions and new agreements.

NICE (NICE), down 3.18%

Nice (NICE) faces aggressive new competition as the contact center-as-a-service industry gets disrupted by generative artificial intelligence and cloud-based solutions, Oppenheimer said in a note Jan. 23.
Analysts there said that the industry is generally healthy, but the biggest challenge for Nice and the sector is that major cloud service providers are focusing on moving entire companies' data, applications, security, and networking to cloud platforms and then use AI agents to fully automate all the operations.
Another challenge for Nice is that 75% of industry revenues are now generated from the cloud, up from 25% seven years ago. This shift has been a major source of growth. Most contact center operations have already moved from on-premises to cloud, where Nice has a strong presence, the analysts said.
The brokerage expects the loss of market share for Nice to slow, as large enterprises will take time to transition fully to the cloud and will likely use a hybrid approach for a while.
"We expect enterprises to start increasing spending on AI-enabled [customer centers] this year given the massive, tangible productivity improvements," the analysts said.
Oppenheimer has a perform rating for the company.

NovoCure (NVCR), up 1.31%

NovoCure (NVCR) said Jan. 22 that it has opened its new global headquarters in Baar, Swiss Canton of Zug.
The company said the new facility was constructed using sustainable technology, including a reversible solar-powered air-to-water heat pump for heating and cooling.

Oddity Tech (ODD), down 0.72%

Oddity Tech (ODD) said Jan. 21 it has acquired fintech company Fionic's tech intellectual property.
The company said Fionic's artificial intelligence research and development team, including co-founder Asaf Nurick and key members, have also joined Oddity.
Financial details weren't disclosed.
The transaction is not expected to significantly affect Oddity's financial position, cash flow, or earnings outlook for 2025, the company said.

Ormat Technologies (ORA), down 3.51%

Ormat Technologies (ORA) said Jan. 22 that it has signed a 10-year power purchase agreement with Calpine Energy Solutions.
Financial terms were not disclosed.
Under the terms of the agreement, Calpine Energy Solutions will purchase up to 15 megawatts from Ormat's Mammoth 2 geothermal power near Mammoth Lakes, California, the company said.
Energy deliveries are set to begin in Q1 2027 and will replace an existing agreement with Southern California Edison, the company said.

Wix.com (WIX), down 0.66%

Wix.com (WIX) said Jan. 23 it has integrated its services with YouTube Shopping for merchants to directly sell their products on the platform.
Financial terms were not disclosed.
Merchants can now tag their products in YouTube videos, live streams, and shorts to improve product visibility and engagement, the company added.

TLV Strategist