PERION NETWORK LTD.
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Report Link: Updated Research Report (Dated 11/02/2020)
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $12.00
Time Horizon: 12 Months
Rating Established: August 13, 2018
Price When Established: $1.05
Most Recent Report: November 2, 2020
Price When Issued: $6.93
Perion and Microsoft Renew Their Strategic Partnership for Four Years
On November 2, 2020, Perion Network Ltd. (NASDAQ: PERI) announced the renewal of a multi-year strategic partnership with Microsoft to drive search advertising business growth through Perion’s search technology division, CodeFuel.
The continuing collaboration enables CodeFuel to further grow its publisher relationships offering, search technology solutions, and sophisticated expertise for monetizing digital properties. These include shopping, product comparison and content websites, applications, browser extensions, mobile launchers, and white label search engines. CodeFuel’s publishers’ network enables Microsoft to increase search advertising market share and to connect advertisers to millions of potential customers.
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.
Please view our current disclosure and disclaimer on our most recent research report.