News headlines about Perion Network (NASDAQ:PERI) have trended positive on Thursday, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Perion Network earned a media sentiment score of 0.44 on Alpha One’s scale. Alpha One also assigned news headlines about the technology company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
Separately, Benchmark Co. reissued a “hold” rating on shares of Perion Network in a research note on Friday, March 10th.
Shares of Perion Network (NASDAQ:PERI) traded down 4.190% during mid-day trading on Thursday, hitting $1.715. 91,711 shares of the company traded hands. The firm’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.53. Perion Network has a 1-year low of $0.94 and a 1-year high of $2.38. The stock has a market capitalization of $132.44 million, a PE ratio of 571.667 and a beta of 1.72.
Perion Network (NASDAQ:PERI) last announced its earnings results on Tuesday, March 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $84.50 million for the quarter, compared to the consensus estimate of $80.13 million. Perion Network had a negative net margin of 5.71% and a positive return on equity of 10.88%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities research analysts forecast that Perion Network will post $0.32 EPS for the current year.
Perion Network Company Profile
Perion Network Ltd. is a global technology company. It is engaged in delivering advertising solutions to brands and publishers. It operates through High Impact Advertising solutions segment. It provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform.
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