Perion Network (PERI) Set to Announce Earnings on Wednesday

Perion Network (NASDAQ:PERI) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Perion Network Stock Up 1.0 %

Shares of PERI opened at $8.29 on Tuesday. Perion Network has a 52-week low of $7.47 and a 52-week high of $32.99. The company has a market capitalization of $392.20 million, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.41 and a beta of 1.47. The stock has a fifty day simple moving average of $8.11 and a two-hundred day simple moving average of $9.32.

Analyst Ratings Changes

A number of brokerages recently issued reports on PERI. Stifel Nicolaus cut their price objective 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. Lake Street Capital raised Perion Network from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Perion Network has a consensus rating of “Hold” and an average price target 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.