VTT Studio/iStock via Getty Images Introduction Perion Network (NASDAQ:PERI) reported its Q2 '24 results, so I wanted to go through them and give some comments on the situation and update on my position. The quarter wasn't bad in my opinion, with decent promise in diversification efforts, however, the company still has a lot to do to regain investor confidence. I am downgrading to a buy for now. The last time I covered the company was back in April when I said the company's financial position was solid, the ...

Perion Network Ltd. (NASDAQ:PERI) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Tal Jacobson - Chief Executive Officer Maoz Sigron - Chief Financial Officer Elad Tzubery - Senior Vice President of Finance Conference Call Participants Jason Helfstein - Oppenheimer Laura Martin - Needham & Company Mark Kelly - Stifel Eric Martinuzzi - Lake Street Capital Jeff Martin - Roth Capital Partners Operator Hello, everybody and welcome to the Perion Network Second Quarter 2024 Earnings ...

Forward Looking Statements Contribution ex-TAC presents revenue reduced by traffic acquisition costs and media buy, reflecting a portion of our revenue that must be directly passed to publishers or advertisers and presents our revenue excluding such items. We believe Contribution ex-TAC is a useful measure in assessing the performance of the Company because it facilitates a consistent comparison against our core business without considering the impact of traffic acquisition costs and media buy related to re ...

Perion Network (PERI) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. Perion Network, which belongs to the Zacks Internet - Content industry, posted revenues of $108.69 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.60%. This compares to year-ago revenues of $178.47 million. The company has topped con ...

Perion Network (PERI) is slated to release its second-quarter 2024 results on Jul 31. For the second quarter, PERI expects revenues of $106-$108 million. The Zacks Consensus Estimate for revenues is pegged at $106.98 million, suggesting a decline of 40.06% from the year-ago quarter's levels. Let's see how things have shaped up for this announcement. Perion's retail media solutions have shown substantial growth, increasing by 134% year-over-year in the first quarter of 2024. This sector is likely to have con ...

Perion Network (NASDAQ:PERI) layoffs are coming for the company's employees as it seeks to streamline its operations. According to Perion Network, these layoffs are the result of Microsoft (NASDAQ:MSFT) changing the advertising revenue around its Bing search engine. This led to lower revenue for the company and required its cost-cutting measures. Before this change, a large part of the company's revenue came from its collaboration with Microsoft. With this change, it will only account for less than 5% of Pe ...

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- 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. SO WHAT: If you purchased Perion common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

https://securitiesclasslaw.com/securities/perion-network-loss-submission-form/?id=85479&from=4 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion's long-term relationship with Microsoft and search services agreement would not provide stability for Perion's search advertisi ...

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Perion Network Ltd. ("Perion" or the "Company") (NASDAQ:PERI) and reminds investors of the June 17, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you purchased or acquired securities in Perion between February 9, 2021 and April 5, 2024 and would like to discuss your legal rights, ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Perion To Contact Him Directly To Discuss Their Options As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Perion's search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion's long ...