In a tumultuous turn of events, Perion Network's U.S.-listed shares nosedived by over 40% on Monday following the company's stark reduction in its 2024 revenue forecast. The Israeli ad tech firm attributed this downward revision to a significant decline in search advertising, primarily driven by transformative changes at Microsoft's Bing platform. Perion Network...
Q3 : EARNINGS CALL HIGHLIGHTS: Looking at the last 8 quarters, our ability to exceed the rule of 40 is not a series of anomaly or a one-off success. Quite the opposite, we are outperforming the industry because we are built on the fundamental recognition that adtech must be able to respond, underlying response to the trend with ability and agility. Revenue of...
Some nice "tennis ball" action (as @MarkMinervini likes to call it) on $PERI post-earnings.
Perion Network: On The Verge Of Breaking Out To New Multi-Year Highs Israel-based provider of digital advertising solutions raises guidance for the second time in two months. Outperformance attributed to better-than-expected revenue synergies from recent acquisitions as well as higher demand for the company's Connected TV and video offerings. Search business...
My prediction is that the over-reaction on taking profits created the fall in price, bringing a new position to get settled in before earnings is released. I believe that we will be rising from the High 7$ & low 8$ by the end of this week. Still is another full week in the market before week of earnings which can create a little more consolidation, however due to...
Huge momentum over the last few days with good technicals respected making it easier to see a clear direction. We expect this to form an Elliot Wave Cycle, currently in wave 3. Could retrace into 4 then a 5. About: Perion Network Ltd is an Israel-based global technology company. It delivers online advertising solutions and search monetization to brands and...
i think we found a strong bottom so we can go up from here.