Troubles Continue for Caesarstone

Caesarstone stock plummeted by as much as 20.8 percent on November 2, 2016, following the release of the company’s third-quarter earnings report. While overall revenue for the Israel-based quartz manufacturer rose to record levels, the company was held back by poor performance in the U.S. market and fell short of … Read more

Caesarstone Announces Departure of CEO

Caesarstone Sdot-Yam Ltd. (CSTE), a manufacturer of engineered quartz surfaces, announced that Yos Shiran, the company’s CEO, has informed the company that he is resigning to pursue other interests. Shiran will continue to serve as CEO of the company for the next three months. Caesarstone’s Board of Directors has begun … Read more