NASDAQ:PERI   Perion Network Ltd
Perion Network: On The Verge Of Breaking Out To New Multi-Year Highs

Israel-based provider of digital advertising solutions raises guidance for the second time in two months.

Outperformance attributed to better-than-expected revenue synergies from recent acquisitions as well as higher demand for the company's Connected TV and video offerings.

Search business de-risked by recent four-year contract extension with Microsoft . Management hinted to renewed growth opportunities in the press release.

Company trades at a massive discount to advertising pure plays The Trade Desk and Magnite .

Watch for strong guidance on the company's upcoming fourth quarter and full year 2020 earnings report on February 9.

SOURCE: Henrik Alex , SeekingAlpha
Trade closed: target reached


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