Perion Network Ltd (NASDAQ:PERI) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, PERI is expected to report 3Q20 income of $ 0.07 per share from revenue of $ 79.24 million.
For the full year, analysts anticipate top line of $ 291.70 million, while looking forward to income of $ 0.21 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 290.00 million ~ $ 300.00 million
Click Here For More Historical Outlooks Of Perion Network Ltd
Previous Quarter Performance
Perion Network Ltd revealed income for the second quarter of $ 0.07 per share, from the revenue of $ 60.34 million. The quarterly earnings 36.36 percent compared with the same quarter last year. Wall street analysts are predicting, PERI to report 2Q20 loss of $ 0.09 per share from revenue of $ 53.60 million. The bottom line results beat street analysts by $ 0.16 or 177.78 percent, at the same time, top line results outshined analysts by $ 6.74 million or 12.57 percent.
Stock Performance
Shares of Perion Network Ltd traded up $ 0.01 or 0.13 percent on Tuesday, reaching $ 7.65 with volume of 172.90 thousand shares. Perion Network Ltd has traded high as $ 7.84 and has cracked $ 7.59 on the downward trend
According to the previous trading day, closing price of $ 7.65, representing a 122.74 % increase from the 52 week low of $ 3.43 and a 21.24 % decrease over the 52 week high of $ 9.70.
The company has a market capital of $ 204.94 million and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 30th September 2020, initiated by Oppenheimer at Outperform rating, with $ 9.00 target price.
Conference Call
Perion Network Ltd will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.perion.com
Perion Network Ltd., a technology company, delivers advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. The company develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications. Its proprietary social marketing platform offers a dashboard for marketers that make media buying efficient on Facebook, Snapchat, Instagram, Twitter, and other social networks and platforms.
