Somewhat Critical Media Coverage Somewhat Unlikely to Affect Perion Network (PERI) Stock Price

Media coverage about Perion Network (NASDAQ:PERI) has been trending somewhat negative recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Perion Network earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.7527268083515 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Perion Network (NASDAQ:PERI) traded up 0.95% on Tuesday, reaching $1.06. 170,541 shares of the company’s stock traded hands. Perion Network has a 52-week low of $0.94 and a 52-week high of $2.38. The firm’s 50-day moving average is $1.26 and its 200 day moving average is $1.65. The stock’s market capitalization is $82.20 million.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Perion Network had a negative net margin of 11.31% and a positive return on equity of 8.57%. The firm had revenue of $78.00 million for the quarter, compared to the consensus estimate of $73.07 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast that Perion Network will post $0.25 EPS for the current year.

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About Perion Network

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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