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Magic Software (ETR:SOWGn) Enterprises Ltd. (NASDAQ:MGIC), currently trading at $21.64, announced Tuesday that it will release its financial results for the second quarter and first half of 2025 on August 13. According to InvestingPro data, the company maintains a "Fair" financial health score of 2.41, with annual revenue of nearly $11 billion and a dividend yield of 3.69%. The company, based in Or Yehuda, Israel, made the announcement in a statement included in a filing with the U.S. Securities and Exchange Commission. The stock has seen challenging performance this year, down about 23% year-to-date. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with additional insights available to subscribers.
No additional financial figures or operational updates were provided in the filing. Magic Software Enterprises operates in the prepackaged software sector and is listed on the NASDAQ exchange under the ticker MGIC. The company has demonstrated solid revenue growth of 6.78% over the last twelve months, maintaining a healthy current ratio of 1.56.
This information is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, Coca-Cola (NYSE:KO) Europacific Partners has been actively continuing its share buyback program, with recent purchases reported on both US and London trading venues. The company executed these transactions as part of its ongoing initiative announced earlier this year, aiming to repurchase up to €1 billion in ordinary shares. The latest activity included the acquisition of 37,005 ordinary shares on US trading venues and 16,641 shares across the London Stock Exchange (LON:LSEG) and CBOE Europe Limited. Meanwhile, Charlotte’s Web Holdings (OTC:CWBHF) has issued a $750,000 loan to DeFloria Inc., a joint venture formed with AJNA BioSciences PBC and a subsidiary of British American Tobacco (NYSE:BTI). This loan is set to mature at the end of 2026 or upon a significant financing transaction by the company. Verses AI has also released its audited annual financial statements for the fiscal year ending March 31, 2025. These documents have been filed with securities regulators and are accessible through the company’s SEDAR+ profile and its Form 8-K with the SEC.
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