PERION NETWORK LTD.
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Report Link: Updated Research Note (Dated 03/11/2021)
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $33.50
Time Horizon: 12 Months
Rating Established: August 13, 2018
Price When Established: $1.05
Most Recent Report: March 11, 2021
Price When Issued: $18.79
Perion Network Reports 1Q21 Results
On May 4, 2021, Perion Network Ltd. (NASDAQ: PERI) reported results for its first quarter ended March 31, 2021.
For the quarter, the company reported that total revenue increased 36% to $89.8 million from $66.1 million. Perion reported net income of $3.3 million or $0.09 per share versus net income of $1.3 million or $0.05 per share in the comparable quarter in 2020.
Taglich Brothers’ estimates were for first quarter total revenue of $86 million and net income of $1.1 million or $0.03 per share.
Perion Network Ltd., headquartered in Holon, Israel, is a global provider of online advertising and search technology to brands and publishers. The company provides data-driven execution, from high impact ad formats to branded search and a unified social and mobile programmatic platform.
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