Wall Street analysts predict that Perion Network Ltd (NASDAQ:PERI) will post sales of $65.00 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Perion Network’s earnings. The highest sales estimate is $66.00 million and the lowest is $64.00 million. Perion Network posted sales of $57.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The business is scheduled to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Perion Network will report full year sales of $258.16 million for the current financial year, with estimates ranging from $257.90 million to $258.42 million. For the next fiscal year, analysts forecast that the company will post sales of $267.95 million, with estimates ranging from $264.90 million to $271.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Perion Network.

Perion Network (NASDAQ:PERI) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. Perion Network had a return on equity of 7.51% and a net margin of 4.55%. The business had revenue of $63.57 million during the quarter, compared to analysts’ expectations of $59.40 million.

Several equities research analysts have weighed in on the company. Lake Street Capital assumed coverage on Perion Network in a report on Monday, July 8th. They issued a “buy” rating and a $6.00 price objective for the company. Zacks Investment Research upgraded Perion Network from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a report on Saturday, August 17th. TheStreet upgraded Perion Network from a “d+” rating to a “c+” rating in a report on Friday, August 9th. Finally, ValuEngine cut Perion Network from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meitav Dash Investments Ltd. lifted its holdings in Perion Network by 30.3% in the 1st quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock worth $47,000 after buying an additional 4,000 shares during the period. Wells Fargo & Company MN purchased a new stake in Perion Network in the 2nd quarter worth approximately $58,000. Seizert Capital Partners LLC bought a new position in shares of Perion Network in the 2nd quarter worth approximately $316,000. River & Mercantile Asset Management LLP bought a new position in shares of Perion Network in the 2nd quarter worth approximately $567,000. Finally, Renaissance Technologies LLC raised its position in shares of Perion Network by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,274,659 shares of the technology company’s stock worth $3,709,000 after acquiring an additional 66,340 shares in the last quarter. Institutional investors and hedge funds own 12.62% of the company’s stock.

NASDAQ PERI traded down $0.05 on Thursday, hitting $4.65. The company’s stock had a trading volume of 278,738 shares, compared to its average volume of 404,226. Perion Network has a 52-week low of $2.47 and a 52-week high of $7.06. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $5.59 and its 200 day simple moving average is $3.74. The firm has a market cap of $121.50 million, a P/E ratio of 10.93, a PEG ratio of 2.01 and a beta of 0.98.

Perion Network Company Profile

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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Earnings History and Estimates for Perion Network (NASDAQ:PERI)

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