Perion Network (PERI) Set to Announce Quarterly Earnings on Wednesday

Perion Network (NASDAQ:PERI) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Perion Network to post earnings of $0.22 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $108.69 million for the quarter, compared to analyst estimates of $106.98 million. Perion Network had a return on equity of 15.65% and a net margin of 11.34%. 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 Stock Down 0.1 %

PERI stock opened at $8.28 on Wednesday. The company has a 50-day simple moving average of $8.14 and a 200 day simple moving average of $9.39. The company has a market capitalization of $397.37 million, a P/E ratio of 3.94, a PEG ratio of 0.41 and a beta of 1.48. Perion Network has a fifty-two week low of $7.47 and a fifty-two week high of $32.99.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PERI shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Thursday, August 1st. Stifel Nicolaus cut their target price on Perion Network from $9.00 to $7.50 and set a “hold” rating for the company in a research report on Monday, October 14th. Finally, Lake Street Capital upgraded Perion Network from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, July 31st. Six 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.13.

Perion Network Company Profile

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.