Perion Network hits seven-year highs on robust earnings, outlook

Perion Network

26/10/2021 16:51

** Shares of online advertising solutions firm  PERI.O  up
24.2% at $27.5, highest since July 2014
    ** Set for best single day gain since December
    ** Co reports Q3 adj. EPS of 40 cents, beating analyst
estimates of 18 cents, per Refinitiv data  urn:newsml:reuters.com:*:nBwTR6Lma
    ** PERI reports record qtrly revenue of $121 mln, a 45% jump
over the previous year
    ** Sees 2022 revenue of $580 mln to $600 mln, growth of 28%
    ** Co has beaten earnings estimates for the past 12
consecutive quarters and revenue estimates for six straight
quarters
    ** Four brokerages rate the stock "buy" or higher, their
median PT is $30.5
    ** Including session gains, stock has gained around 115% YTD

 (Reporting by Shashank Nayar in Bengaluru)
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