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.