Welcome to our dedicated page for Perion Network news (Ticker: PERI), a resource for investors and traders seeking the latest updates and insights on Perion Network stock.
Perion Network Ltd. reports developments in digital advertising technology, including the Perion One platform and Outmax, its AI-native execution agent for media optimization. Company news commonly covers quarterly results, annual reporting, product integrations for social and programmatic channels, and partnerships that expand distribution for agencies, brands and retailers across digital channels such as CTV, digital out-of-home, commerce, retail media, search and display.
Perion Network Ltd. (Nasdaq: PERI) subsidiary Undertone has been recognized on the 2022 Ad Age Best Places to Work list for the second consecutive year. Undertone ranked fifth among 50 companies, highlighting its commitment to employee support, diversity, and flexible working conditions. The company's initiatives include a feedback loop for employee development, spot bonuses, and a $1,500 travel voucher for each employee as a reward for performance. This recognition underscores Undertone's focus on cultivating a positive workplace culture during challenging times.
Perion Network Ltd. (NASDAQ:PERI) will release its financial results for the fourth quarter and full year 2021 on February 9, 2022, before market opening. A Zoom conference call to discuss these results will take place at 8:30 a.m. ET. Perion is a global technology company focused on advertising solutions, leveraging its capabilities in digital branding, content monetization, and partnerships, notably with Microsoft Bing. This diversification aims to capture shifting advertising budgets across various platforms.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, announced its participation in the 24th Annual Needham Growth Conference on January 12-13, 2022. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors, with Gerstel presenting on January 12 from 8:30-9:10 AM Eastern Time. The presentation will be webcasted and can be accessed via this link. Perion focuses on delivering holistic digital advertising solutions across various platforms.
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Perion Network Ltd. (NASDAQ: PERI) successfully closed its follow-on public offering on December 13, 2021, selling a total of 8,372,092 ordinary shares at a price of $21.50 per share. This offering garnered aggregate gross proceeds of $180.0 million before expenses. With an oversubscribed offering, Perion aims to utilize the proceeds for additional working capital, business growth, and potential merger or acquisition opportunities. The company anticipates 42% revenue growth and 97% growth in adjusted EBITDA in 2021, reflecting strong market confidence.
Perion Network Ltd. (NASDAQ: PERI) has announced the pricing of a follow-on public offering of 7,280,080 ordinary shares at $21.50 per share, raising approximately $156.5 million, an increase from the initial offering of $100 million. This offering includes a 30-day option for underwriters to purchase an additional 1,092,012 shares. The proceeds will be used for working capital, business growth, and potential mergers or acquisitions. The offering is expected to close on December 13, 2021.
Perion Network Ltd. (NASDAQ: PERI) has announced a proposed follow-on public offering of approximately $100.0 million of its ordinary shares. The company plans to grant underwriters a 30-day option for additional shares. Net proceeds will support business growth, including potential mergers and acquisitions, and provide additional working capital. The offering is filed under an automatically effective shelf registration statement with the U.S. SEC. Major underwriters include Oppenheimer, Stifel, and Raymond James.
Perion Network Ltd. (NASDAQ: PERI) has raised its revenue guidance for 2021 to between $460 million and $470 million, reflecting a 42% year-over-year increase. The company expects to report an Adjusted EBITDA of $64 million to $65 million, a 97% increase from 2020. Notable drivers include a 115% year-over-year growth in Video and CTV advertising, improved deal sizes, and a 13% growth in monetizable searches. CEO Doron Gerstel highlighted enhanced operational efficiency and overall business momentum.
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.