Perion jumps after lifting forecasts on rising digital ad spend

Perion Network

02/03/2021 19:46

** U.S.-listed shares of Israeli company Perion  PERI.O ,
which provides advertisement engagement and monetization
applications for web and mobile, jump as much as 31.2% to a more
than six-year high of $28.32
    ** Stock on track for best day in more than two months
    ** Co raises full-year revenue forecast to $370 mln-$380 mln
from $350 mln-$370 mln, citing growing digital advertising
spending  urn:newsml:reuters.com:*:nBw6PgnYfa
    ** Sees 2021 adjusted EBITDA of $37 mln-$38 mln, up from $35
mln-$37 mln
    ** Stock has more than doubled YTD

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))