Perion Network (PERI) Expected to Announce Earnings on Wednesday

Perion Network (NASDAQ:PERI) is projected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Perion Network to post earnings of $0.14 per share and revenue of $130.86 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Perion Network Stock Performance

Shares of Perion Network stock opened at $9.22 on Tuesday. The firm has a fifty day moving average of $8.72 and a two-hundred day moving average of $8.46. Perion Network has a 52 week low of $7.47 and a 52 week high of $29.98. The stock has a market capitalization of $443.76 million, a price-to-earnings ratio of 9.91, a PEG ratio of 0.80 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday, January 21st. Stifel Nicolaus cut their target price on shares of Perion Network from $9.00 to $7.50 and set a “hold” rating for the company in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently 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.