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Tag: PERI Stock

  • Perion Network Ltd. (PERI) Stock Climbing in Premarket, Here’s the Reason.

    Perion Network Ltd. (PERI) is an international tech company that brings complete strategic business solutions that allow advertisers to effectively capture and convince consumers across multiple platforms. The company has achieved its mission through Synchronized Digital Branding abilities. These capabilities are focused on creativity, content monetization, branded search networks, and social media management that optimizes paid advertising.

    The price of PERI stock during the regular trading on February 8, 2022, was $21.9 with 2.67% growth. At last check in the premarket on February 9, 2022, the stock was further up by 9.3%.

    PERI: Key Financials

    On February 9, 2022, PERI released its financial results for the fourth ended December 31, 2021. Some of the key updates are mentioned below.

    Revenue

    Total revenue in Q4 2021 was $158 million compared to $118.3 million in the same period of 2020. The company observed a 34% increase in revenue over the period of the year. The analysts estimated the revenue of the quarter to be $144.9 million and the company beat the estimated revenue target.

    EPS

    Diluted net income in Q4 2021 was $17.6 million or $0.44 against $9 million or $0.30 in the same quarter of 2020. The estimated EPS for the company was $0.50 and the company missed the estimated EPS.

    PERI: Events and Happenings

    On January 25, 2022, PERI’s company Undertone reported about its nomination to Ad Age Best Places to Work list 2022 for the second consecutive year. Undertone was positioned at a fifth place out of fifty contenders. On January 3, 2022, PERI updated about its Executive management’s participation at the 24th Annual Needham Growth Conference on January 12-13, 2022.

    On December 9, 2021, PERI reported about the pricing of a public offering of 7,280,080 ordinary shares at a price of $21.50 per share. The total gross proceeds as a result of the offering were approximately $156.5 million. On December 2, 2021, PERI updated about the presence of its Executive management at the Virtual Raymond James 2021 Technology Investors Conference on December 6, 2021. On November 30, 2021, PERI informed about its unmatched growth in Black Friday customer searches across a variety of shopping categories. As a result, the company has generated much revenue over the Black Friday sale period.

    Conclusion

    PERI stock is 10% up from the past six months period. The current premarket stock surge is the outcome of the company’s financial statement release and the company’s revenue beat the estimated revenue target. The company’s management is optimistic to increase its turnout in the next quarterly results.

  • Is There Any Reason As To Why The PERI Stock Is Expanding Premarket?

    Is There Any Reason As To Why The PERI Stock Is Expanding Premarket?

    Perion Network Ltd. (PERI) shares have gained 11.47% to $20.80 in premarket trading on Monday. Last trading session, Perion stock dropped -1.84% to finish at $18.66. Perion stock witnessed a trading volume of 0.45 million shares, which is below the average daily trading volume for the past 50 days of 0.64 million shares. PERI stock has gained over 12.61% over the last month despite the recent gains of 15.61% over the last five days.

    Since the beginning of the year, the price of PERI stock has increased 46.58 percent. A 48.98 price-to-earnings ratio is being used to value the PERI stock. Moreover, the company’s price to cash flow ratio is 19.03, and its price to sales ratio is 1.76. Since the preliminary second-quarter results were strong, the PERI stock was up.

    How strong has PERI been?

    With its innovative solutions, Perion offers innovative solutions covering all three principal pillars of digital advertising, for brands, agencies, and publishers. PERI’s consolidated platform for Synchronized Digital Branding includes data-driven ad formats in the display domain as well as a powerful social media platform and a branded search network, allowing it to capitalize on changes in marketers’ allocation of digital advertising budgets.

    Perion today released preliminary results for its second quarter of 2021, along with increased revenue and adjusted EBITDA guidance for the full year.

    Preliminary results:

    • Perion’s preliminary revenue for the second quarter was $105 million, compared to $60.3 million for the comparable period last year.
    • According to PERI, the preliminary adjusted EBITDA for the second quarter is $13.5 million, compared to $2.5 million for the same period in 2020.
    • The Hub and Spoke concept, which connects demand and supply sides of the “open internet”, improved PERI’s adjusted EBITA margins through increased efficiencies.
    • PERI’s projected advertising revenue has increased year over year as a result of video advertising and CTV.
    • PERI’s search revenues have also increased as a result of client performance marketing initiatives.
    • Prior to the opening of the financial markets on Tuesday, August 3, 2021, Perion will release its financial results for the second quarter and six months ended June 30, 2021.
    • A conference call will be held by Perion management to discuss the results at 8:30 a.m. ET on that day.

    How PERI excelled?

    Perion (PERI)’s cross-channel diversification strategy took a giant leap forward with a robust start to revenue growth in the Retail Media vertical. As PERI advances in verticalization, it is also gaining market share and establishing long-term partnerships with customers.