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Oppenheimer, known for its strong research department, has maintained an "outperform" recommendation for Amdocs (DOX) stock while raising its target price from $99 to $109. The decision comes after Amdocs posted strong fiscal third-quarter results, showcasing annual revenue growth of 6.9% at constant exchange rates. Although the growth rate slightly decelerated compared to the previous quarter, the company remains strategically well-positioned in the cloud services sector, particularly among leading telecom companies undergoing digital transformation

The Korean Samsung and Israeli Amdocs announced a number of joint initiatives to accelerate the transition of telecommunications service providers to open cloud networks that provide the freedom and flexibility needed to innovate and improve the provision of G5 services in the market, with greater speed, scope and coverage for both private and business customers . Amdocs and Samsung Networks (Samsung Networks) will collaborate in the integration process (onboarding) and integrate virtual network functions so that telecommunications service providers can take advantage of Samsung's G5...

Prime Minister Benjamin Netanyahu continues to stand firm on maintaining a presence in the Philadelphia axis, despite growing international pressure. Hamas, meanwhile, has officially rejected additional proposals for a potential hostage exchange deal, accusing Netanyahu of deliberately sabotaging negotiations

Selina, the hotel operator for a young crowd, goes to war for her future. Only half a year after its IPO, it is laying off workers, curbing expansion, and managing emergency recruitment after only 23 million dollars remained in its coffers as of the end of March. The company announced today that it has begun a period of significant cutbacks that includes the layoff of approximately 350 employees, exiting some of the hotel leases and almost completely stopping the opening of new hotels

349 corona patients are hospitalized in serious condition and the number of respirators is 97. Data released by the Ministry of Health on Tuesday morning show that 1,801 new corona patients were diagnosed yesterday and by midnight 270 new infections were diagnosed, including a 22-day-old baby diagnosed at Poria Hospital in Tiberias. Yesterday, results of 22,396 tests were obtained. The death toll from the plague stands at 554 people - a jump of eight from yesterday. From Poria Hospital it was reported that in the morning a 22-day-old baby was hospitalized with a temperature of 38 degrees....

600,000 Israelis on unpaid leave. This is according to data from the Employment Service published on Monday. Since September 17, the day before New Year's Eve and the entry of restrictions, 213,828 jobseekers have been registered in the employment service - of which 192,223 are due to unpaid leave and 21,605 for other reasons. Of the job seekers enrolled since that date, for 154,680 this is the second or more enrollment since the start of the corona crisis in the bitter month (72% of enrollees in this wave). Currently, 942,678 jobseekers are registered with the employment service, of which...

Successful exit for the Israeli cyber company Guardicore: The American company Akamai has announced that it will acquire the Israeli company in a $ 600 million cash transaction and integrate its security solution into its Zero Trust basket of solutions. The closure of the transaction, which is subject to acceptable closing conditions, is expected to occur in the fourth quarter of 2021. To the purchase amount will be added the cash in the Guardicor fund, which will be divided among the shareholders and employees, as well as an additional amount that will be used as a package for employee...

Israeli cleantech startup UBQ collaborates with German company Daimler, Mercedes' parent company, to pilot the eco-plastic substitute produced by UBQ as a raw material in automotive production. The UBQ venture from Kibbutz Ze'elim has developed an innovative and efficient recycling process that transforms household waste into new plastic-like material. In the production process, waste is reduced to its most basic natural components at an almost molecular level. These particles connect together to the new raw material. It is a decomposition of a diverse bulk containing all the components of...

From August 7 to 9, a team of Ford Motor Company developers will visit Tel Aviv, Nazareth, Jerusalem and Haifa and meet start-ups. The company will invite the best developers to participate in the September Challenge. Ford is looking for Israel's leading mobile application developers and service providers and invites them to take part in the company's Make it Driveable Challenge event, which will be held in Tel Aviv in September. The event will give mobile application developers and digital service providers access to Ford's development team and enable them to work with AppLink on the SYNC...

Veteran Veteran communications equipment company ECI, controlled by Shaul Shani, reports a merger agreement with Ribbon Communications for 32.5 million shares of Ribbon, plus $ 324 million in cash. In addition, as part of the agreement, ECI's shareholders will receive up to $ 31 million for real estate assets owned by the company. Sovereign investors, who operate in the field of secure cloud communications, are responding harshly to the move. Its stock (NYSE: RBBN) plunged NASDAQ by about 25%, reflecting a market cap of $ 347 million. The deal, including the stock component, reaches $ 486...