PERI : COIL / SWING TRADE
Updated
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
seekingalpha.com/article/4393559-perion-network-on-verge-of-breaking-out-to-new-multi-year-highs-after-strong-preliminary-q4
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
seekingalpha.com/article/4393559-perion-network-on-verge-of-breaking-out-to-new-multi-year-highs-after-strong-preliminary-q4
Trade closed: target reached
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