While Wall Street Tried to Recover from a Crash, This Israeli Stock Soared 35% in One Day

Amid the declines on Wall Street, JFrog stock surged 35% after reports that beat forecasts, Sunstar jumped 47% on a record quarter, and Tides plunged to a low following a massive loss of $325 million.

Amid the turmoil on Wall Street, several prominent Israeli stocks recorded sharp movements over the weekend. JFrog stock surged 35.3% on Friday after publishing quarterly reports that beat analyst expectations. The company, led by CEO Shlomi Ben-Haim, reported 31% revenue growth to $179 million and a net profit of $6.6 million compared to a loss in the same quarter last year. Its market cap rose to approximately $12.5 billion. Sunstar, a portfolio company of Fimi Fund, jumped 47.3% after hitting a yearly low of $1.3. The company posted a record quarter with 37% revenue growth to $13.1 million. In contrast, Tides (formerly Outbrain) fell to an all-time low, losing 36.4% of its value after missing analyst forecasts, with a quarterly net loss of $325 million.