Perion Network Ltd Stock Price, News & Analysis

Perion Network Ltd. (NASDAQ:PERI) announced its participation in the Raymond James 2021 Technology Virtual Investors Conference on December 6th. CEO Doron Gerstel and CFO Maoz Sigron will be available for one-on-one investor meetings. Gerstel's presentation is scheduled from 8:50-9:30 AM Eastern Time, which will also be webcast live. The company focuses on delivering holistic advertising solutions across digital platforms, enhancing brand visibility and user engagement.

Perion Network Ltd. (NASDAQ: PERI) reports significant growth in consumer searches during Black Friday, surpassing last year's record. This increase in traffic comes despite a general decline in online spending, which fell to $8.9 billion. The company highlights a 14% growth in search advertising during Q3. Perion utilizes AI-based technology to process consumer intent signals, helping optimize campaigns for its partners. With over 20 million searches through its network, the firm continues to adapt and capture high-intent consumers, positioning itself for future growth.

Perion Network Ltd. (NASDAQ:PERI), an advertising technology company, announced participation in the Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event on November 18. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors throughout the day. Perion specializes in digital advertising solutions across ad search, social media, and display/video/CTV advertising. Its synchronized digital branding approach utilizes partnerships, including Microsoft Bing, to enhance creative impact and optimize paid advertising, positioning the company for growth.

Perion Network Ltd. (NASDAQ: PERI) reports strong Q3 2021 results with a 45% revenue increase to $121 million, driven by an 82% growth in display advertising, particularly video and CTV solutions. The company achieved a 399% increase in GAAP net income, totaling $10.6 million. Net cash from operations reached $14.2 million, up 115% year-over-year. Management has raised revenue guidance for 2021 to $455-$465 million and for 2022 to $580-$600 million, reflecting substantial business momentum.

Perion Network Ltd. (Nasdaq: PERI) announced a breakthrough in cookieless advertising through its proprietary technology, SORT (Smart Optimization of Responsive Traits), which outperforms traditional cookie-based methods. With a strong focus on user privacy in light of evolving regulations, this innovation utilizes AI to enhance targeting across all devices. The technology was independently certified by Neutronian, confirming superior campaign performance metrics compared to cookies. The launch aims to address increased advertising demand while ensuring privacy compliance.

Perion Network Ltd. (NASDAQ: PERI) will release its financial results for the third quarter ended September 30, 2021, on Tuesday, October 26, 2021, before market opening. A conference call will be hosted by management at 8:30 a.m. ET on the same day via Zoom to discuss these results. As a global advertising technology company, Perion integrates multiple digital advertising channels, including interactive connected television, enhancing their diversified marketing strategies. This broad approach positions Perion to capitalize on changing advertising budgets.

Perion Network Ltd. (NASDAQ: PERI) has announced the acquisition of Vidazoo, a video technology company, for $93.5 million. This includes $35 million in cash at closing and up to $58.5 million as an earn-out based on performance targets. Perion anticipates that this deal will enhance its video advertising business and raise its revenue guidance for 2021 and 2022. Vidazoo generated $31.9 million in revenue in 2020, with a projected 41% growth rate for 2021, and its adjusted EBITDA for 2021 is expected to reach $8 million.

On August 24, 2021, Undertone, a subsidiary of Perion Network Ltd. (Nasdaq: PERI), announced its latest innovation, Shoppable High Impact, in collaboration with SmartCommerce. This technology allows consumers to add products directly to their retail carts with a single click on Undertone's ads, enhancing the online shopping experience. Notably, a trial demonstrated a carting rate of nearly 3%, translating to over 27,000 items added. The initiative aims to streamline digital shopping and improve brand performance while providing real-time stock updates.

Perion Network Ltd. (NASDAQ:PERI), a leading global advertising technology firm, announced its participation in two upcoming investor conferences. On August 11, 2021, the company will be featured at the Oppenheimer 24th Annual Technology, Internet and Communications Conference, with CEO Doron Gerstel presenting from 8:15-8:55 AM ET. The next day, August 12, 2021, it will participate in the Canaccord Genuity 41st Annual Growth Virtual Conference, with Gerstel presenting at 8:30-8:55 AM ET. Perion aims to enhance brand engagement through synchronized digital branding across multiple platforms.