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...
Perion Network: Leveraging Advertising Technology AI For Growth
Perion is a leading digital advertising technology company, offering a comprehensive suite of solutions that empower advertisers to optimize their campaigns and maximize return on investment.
With a diversified revenue model encompassing display and search advertising, as well as strategic...
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...
Market Phase & Period:
- Uptrend: July 2022 - ongoing
Description:
- A bullish trend began in July 2022 after approximately 6 quarters of consolidation
- The price broke the $30 level with increased volume and reached a peak of $43
- There was a rebound to $30 followed by increased volume, which held the price in late May
- There was strong price action on...
Perion Network Ltd. is an international technology company that specializes in developing innovative digital advertising solutions for brands and publishers. Its primary focus is to provide data-driven execution strategies across a multitude of channels, including search, social, and display, which enables advertisers to connect and engage with their target...
nice bounces off extreme trend support, if we move above 28.52 I am targeting 33.72-42.12-50.53
a break below trend support and we can play the downside.
PERI had a huge Q3 revenue and earning surprise. Stock price broke-up pivot $22 and surged 31% in one day. Comparing to TTD, PERI's valuation is still very cheap.
Stop loss raised below most recent bull candle. I've mentioned it is an ad-tech play and a good daily chart entry signal from Pressure Candles, my own indicator.
Not taking any profits yet.
Perion Network Ltd is an Israel-based global technology company. It delivers online advertising solutions and search monetization to brands and publishers.
The run for digitization during the Covid Pandemic has provided a stellar price increase for the stock followed by a somewhat laggard performance in 2021.
The fundamentals of the company look solid and my...
good price action recently. Only concern is the stock come back and gap fill. The stock is undervalued and in a great industry. I will look at $25 as a target.
Ad-tech business - a hot industry, with names like $TTD and $APPS. My DCF analysis says a conservative 50% upside. Yesterday we made a doji at weekly 2B support. Today prints a strong opening marubozu.
TD D-Wave analysis says we completed wave 4 and on course to wave 5.
Short overall look at PERI this morning of its daily movement the last year. A good possibility to buy in a huge range with good risk/reward.
Stoploss: 16,62
First target: 22,10
Second target (top of the range): 26,56
Two setups represents different timeframes. 60% setup.
![PERI: PERI Long [Trend Continuation]](https://s3.tradingview.com/l/LWNIkOiP_mid.png "PERI Long [Trend Continuation]")
