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Stock impact report

Why Perion Network Rallied Today [Yahoo! Finance]

Perion Network Ltd - Ordinary Shares (PERI) 
Last perion network ltd - ordinary shares earnings: 2/12 02:30 am Check Earnings Report
US:NASDAQ Investor Relations: perion.com/ir-info
Company Research Source: Yahoo! Finance
Having endured the loss of a lot of its Search business, its newer ventures in digital out-of-home and connected TV are growing rapidly. Over 60% of Perion's market cap is in cash, and the company increased its share repurchase authorization. 10 stocks we like better than Perion Network › Shares of adtech company Perion Networks (NASDAQ: PERI) rallied 14.5% on Wednesday, as of 1:13 p.m. ET. Perion delivered third-quarter earnings today, showing a return to revenue growth after a few difficult years, with results beating expectations. Perion is attempting a tough turnaround , and while there is a long way to go, this quarter's return to growth and cash-heavy balance sheet could make for a very interesting deep-value opportunity Perion rising from the ashes? In the third quarter, Perion grew revenue 8.1% to $110.5 million, with adjusted non-GAAP (generally accepted accounting principles) grew 22% to $0.28. Both figures beat expectations, but what was especially notable wa Show less Read more
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