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) has announced the pricing of a follow-on public offering of 4,990,000 ordinary shares at $11.50 per share, generating gross proceeds of $57.4 million, up from a previously anticipated $50 million. The offering, with a 30-day underwriters' option for an additional 748,500 shares, is set to close on January 22, 2021. The company plans to use the proceeds for working capital and potential mergers or acquisitions. The shares are being offered under an effective shelf registration statement with the SEC.
Perion Network Ltd. (NASDAQ: PERI) has announced preliminary results for Q4 and full year 2020, expecting revenues of $110-$115 million for Q4 and $320-$325 million for the year, surpassing earlier estimates. Adjusted EBITDA is projected between $14.5-$15 million for Q4 and $32-$32.5 million for the year, also exceeding prior guidance. GAAP EPS is forecasted at $0.17-$0.19 for Q4 and $0.22-$0.24 for the year, while Non-GAAP EPS is estimated at $0.35-$0.36 for Q4 and $0.80-$0.82 for the year. Final results may vary.
Perion Network Ltd. (NASDAQ: PERI) has launched a proposed follow-on public offering of approximately $50 million of its ordinary shares under an effective shelf registration statement with the SEC. The company plans to grant underwriters a 30-day option for additional shares. Proceeds will be used for working capital, business growth, and potential mergers or acquisitions. Oppenheimer & Co. and Stifel, Nicolaus & Company are acting as joint book-running managers.
Perion Network Ltd. (NASDAQ: PERI) announced it will release its financial results for Q4 and the full year 2020 on February 9, 2021, before market opening. CEO Doron Gerstel and CFO Maoz Sigron will discuss these results in a conference call at 8:30 AM ET. Interested parties can join by dialing specific numbers or accessing a webcast. Additionally, management will participate in the 23rd Annual Needham Virtual Growth Conference on January 11-12, where a presentation by the CEO will be shared. For more details, visit the company's website.
Perion Network Ltd. (NASDAQ: PERI) has revised its revenue and Adjusted EBITDA guidance upward for Q4 2020 and the full year, indicating strong growth prospects. The updated revenue forecast for Q4 is $100-$105 million, a 31% year-over-year increase, while Adjusted EBITDA is expected to reach $13-$14 million. This growth is attributed to synergies from recent acquisitions and increased demand in CTV and video advertising. The company has also renewed its partnership with Microsoft, enhancing its search business's appeal to publishers.
Perion Network (NASDAQ: PERI) announced a renewed multi-year strategic partnership with Microsoft (NASDAQ: MSFT) aimed at enhancing search advertising through its CodeFuel division. This collaboration is set to bolster publisher relationships and provide advanced monetization solutions across various platforms, including mobile and desktop. CodeFuel's growth has been substantial over the past two years, empowering publishers to create new revenue streams. Both companies anticipate continued innovation and brand safety in this modernized partnership.
Perion Network Ltd. (NASDAQ: PERI) has rescheduled its third quarter 2020 earnings conference call to 8:00 a.m. ET on October 28, 2020, due to a scheduling conflict. The financial results will still be released on the same date before the market opens. The company, specializing in digital advertising, will provide details for the call including dial-in numbers and a link to the live webcast.
Undertone announces the successful launch of its interactive CTV product in collaboration with Innovid. This initiative allows brands to deliver unique and engaging ads on connected TV, capitalizing on the growing video consumption trend. The partnership has already demonstrated effectiveness, with a recent campaign for Mercedes-Benz USA achieving a 94% video completion rate and exceeding Innovid’s engagement benchmark by 40%. Undertone’s approach combines dynamic personalization features, enhancing ad experiences across devices, and solidifying their role as a creative orchestrator in the advertising landscape.
Perion Network Ltd. (NASDAQ: PERI) has raised its revenue and Adjusted EBITDA guidance for the second half of 2020, reflecting a quicker recovery in its advertising segment.
For H2 2020, the company expects revenues between $150-$160 million and Adjusted EBITDA of $11-$13 million. This revised outlook is a positive indicator of operational strength, as reported by CEO Doron Gerstel.
The company will release its third-quarter financial results on October 28, 2020, and host a conference call to discuss the outcomes.