Perion Network (PERI) Expected to Announce Quarterly Earnings on Wednesday

Perion Network (NASDAQ:PERI) is expected to be announcing its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $130.44 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Perion Network Stock Performance

Perion Network stock opened at $9.74 on Monday. Perion Network has a fifty-two week low of $7.47 and a fifty-two week high of $24.50. The stock’s fifty day moving average is $8.87 and its two-hundred day moving average is $8.53. The firm has a market capitalization of $475.90 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.85 and a beta of 1.48.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Perion Network presently has a consensus rating of “Hold” and a consensus 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.