Perion Network (PERI) Stock

NEW YORK & TEL AVIV--(BUSINESS WIRE)-- #tech--Perion Network Ltd. (NASDAQ & TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announced today that it will participate in the 27th Annual Needham Growth Conference on January 15th in New York. Tal Jacobson, CEO, and Elad Tzubey, CFO will host one-on-one meetings with investors that day. To schedule a meeting with the Company, please contact your representative at Needham. Mr. Jacobson will also.

Perion Network is investing in AI to enhance its diversified digital advertising offerings, including video, digital audio, and connected TV. The company's share repurchase program and restructuring efforts aim to boost shareholder value, despite recent stock price declines and the non-renewal of the Microsoft Bing contract. Efficient ad-server and search advertising capabilities, along with strategic acquisitions and partnerships, support future growth and positive free cash flow.

Q3 earnings show that the business continues to face declining revenue in its larger Search and open web related segments. However, profitability remains solid, with strong growth in its smaller CTV, Retail media and DOOH businesses. The company's net cash represents 90% of the current market cap and provides downside protection.

Perion Network Ltd. (NASDAQ:PERI ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Tal Jacobson - Chief Executive Officer Elad Tzubery - Chief Financial Officer Conference Call Participants Andrew Marok - Raymond James Jason Helfstein - Oppenheimer Eric Martinuzzi - Lake Street Capital Laura Martin - Needham and Company Jeff Martin - ROTH Capital Partners Mark Kelley - Stifel Operator Hello, everybody, and welcome to the Perion Network Third Quarter 2024 Earnings Conference Call.

Perion Network (PERI) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.84 per share a year ago.

The business has faced multiple challenges recently, which has led to a drastic decline in its share price. However, Q2 earnings show that growth in CTV, Retail media and DOOH remains strong and will be key to the thesis going forward. The company's net cash provides downside protection, and management is aggressively repurchasing shares.

Perion Network's (PERI) second-quarter earnings are expected to have benefited from its diversified portfolio in the advertising industry.

Perion Network (NASDAQ:PERI) layoffs are coming for the company's employees as it seeks to streamline its operations. Perion Network is cutting 35 jobs from its Israeli search division.

NEW YORK , June 17, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Perion Network Ltd. (NASDAQ: PERI) between February 9, 2021 and April 5, 2024, both dates inclusive (the "Class Period"), of the important  June 17, 2024 lead plaintiff deadline.