The sell-off appears to have been a result of investors wanting to take some of the gains that they had made over the past few months. Wix's stock fell along with many tech stocks, but it's important to note that there wasn't any company-specific news that caused Wix's shares to drop.
Why did Wix's shares fall 17% Wednesday?
May 12, 2021 · Wix's revenue rose 41% year over year to $304.1 million. The gains were fueled by a 28% increase in creative subscriptions revenue, to $226.4 million, and a 97% surge in …
Why is Wix spending so much on product development?
Oct 15, 2021 · So why did investors sell off the stock? It all came down to Wix's guidance for the full year. Management reduced its 2021 collections guidance from $1.44 billion to $1.46 billion …
How did Wix’s subscription revenue cross $1 billion?
Wix's second-quarter losses were largely due to the investments the company made in its customer care operations, as well as increased marketing expenses related to strong demand …
Will Wix surpass my growth estimates?
Nov 12, 2020 · Stock drops after company posts another loss due to increased ad spend. Earlier this week, I wrote about how web presence companies like Wix and GoDaddy are ramping up …
Is Wix a good stock to buy?
Is Wix stock overvalued?
Is Wix growing?
Is Wix com profitable?
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Compare WIX With Other Stocks.
| Wix Annual Revenue (Millions of US $) | |
|---|---|
| 2021 | $1,270 |
| 2020 | $984 |
| 2019 | $761 |
| 2018 | $604 |
What are stock purchases?
Is Wix losing money?
What is the future of Wix?
Is Wix an American company?
קום) is an Israeli software company publicly listed in the US that provides cloud-based web development services.
When did Wix go public?
Is Wix a unicorn?
Is the Wix App Safe?
Why did investors sell off Wix?
So why did investors sell off the stock? It all came down to Wix's guidance for the full year. Management reduced its 2021 collections guidance from $1.44 billion to $1.46 billion down to $1.4 billion to $1.435 billion. While this is only a slight guidance drop, investors are likely worried that Wix is going to see a slowdown in growth coming out of the COVID-19 pandemic.
Is Wix still reinvesting?
Since Wix is still reinvesting for growth, it is right around free cash flow break-even, generating only $14.7 million in the quarter. This shouldn't worry you if you are invested in Wix, but in the coming years, free cash flow will hopefully rise as the business matures.
The website builder is ramping up its growth investments
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What happened
Shares of Wix.com ( NASDAQ:WIX) fell as much as 14.4% before closing the day down only 0.5% on Thursday, following the website development platform's second-quarter results.
So what
Wix's revenue climbed 27% year over year to $236.1 million. The gains were fueled in part by a 62% surge in business solutions revenue, or sales of additional features and applications that are complementary to Wix's core creative subscriptions.
Now what
Wix's second-quarter losses were largely due to the investments the company made in its customer care operations, as well as increased marketing expenses related to strong demand for its online business tools. Meanwhile, Wix's operating and free cash flow climbed 34% and 52%, respectively, to $50 million and $46.7 million.
The web development platform leader delivered mixed results relative to the market's expectations, but also raised its full-year guidance. Here's what investors need to know
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Wix.com Ltd. ( NASDAQ:WIX) were down 12.8% as of 1:30 p.m. EST Wednesday after the cloud-based web development platform announced mixed third-quarter 2017 results.
So what
That's not to say Wix management was disappointed. Co-founder and CEO Avishai Abrahami stated that new products and continued improvements to existing products drove conversation to the company's highest-ever levels, helping net premium subscriptions climb 33% year over year to 3.1 million.
Now what
For the fourth quarter, Wix expects revenue of $116 million to $117 million (up 38% to 39% year over year), with collections of $126 million to $127 million (up 29% to 30%).
What happened
Shares of Wix.com Ltd. (NASDAQ: WIX) were down 12.8% as of 1:30 p.m. EST Wednesday after the cloud-based web development platform announced mixed third-quarter 2017 results.
So what
That's not to say Wix management was disappointed. Co-founder and CEO Avishai Abrahami stated that new products and continued improvements to existing products drove conversation to the company's highest-ever levels, helping net premium subscriptions climb 33% year over year to 3.1 million.
Now what
For the fourth quarter, Wix expects revenue of $116 million to $117 million (up 38% to 39% year over year), with collections of $126 million to $127 million (up 29% to 30%).
Wix's stock fell along with many other tech stocks
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of Wix.com ( NASDAQ:WIX) fell 13.5% in September, according to data provided by S&P Global Market Intelligence, as investors began selling off tech stocks during the month, cashing in on gains made earlier in the year.
So what
Wix, the cloud-based web development company, has seen its stock jump by as much as 145% this year, as investors flocked to tech stocks at the beginning of the pandemic. Investors have focused their attention on companies that they think can help businesses adapt to lockdowns and stay-at-home restrictions.
Now what
Wix has gained back most of its September losses in October, as the stock has risen 9.6% so far this month. But investors should expect additional market instability in the coming months. Some investors have been quick to buy and sell stocks based on the daily news, which has brought a lot of volatility considering the U.S.
