Perion Network (PERI) to Release Earnings on Wednesday

Perion Network (NASDAQ:PERI - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Perion Network (NASDAQ:PERI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $108.69 million during the quarter, compared to analysts' expectations of $106.98 million. Perion Network had a net margin of 11.34% and a return on equity of 15.65%. On average, analysts expect Perion Network to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Perion Network Price Performance

NASDAQ:PERI traded up $0.05 during trading hours on Wednesday, reaching $8.33. 336,454 shares of the company were exchanged, compared to its average volume of 679,796. The company has a market capitalization of $399.77 million, a P/E ratio of 3.94, a P/E/G ratio of 0.41 and a beta of 1.48. The business has a 50 day moving average of $8.14 and a 200 day moving average of $9.39. Perion Network has a 1-year low of $7.47 and a 1-year high of $32.99.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Perion Network from $9.00 to $7.50 and set a "hold" rating for the company in a report on Monday, October 14th. Lake Street Capital raised Perion Network from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Perion Network in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Perion Network has an average rating of "Hold" and an average price target of $12.13.

About Perion Network

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.