Israel Stock Ideas

[gfp927z]

Perion Network (PERI) - >>> Global advertising technology company Perion Network is another stock investors may want to consider buying for growth. Perion’s synergistic solutions are delivered across the three primary channels of digital advertising; ad search, social media, and display which includes video and CTV advertising.


https://finance.yahoo.com/news/2-tech-stocks-buy-stellar-233411839.html


Perion has grown immensely throughout the pandemic and its earnings estimate revisions are standing out at the moment. This is a good sign that advertisers and businesses are looking to spend more on branding and publishing as they adjust to high inflation.

To that point, Perion easily surpassed its Q4 bottom-line expectations in early February and also beat top-line estimates. In correlation, Perion’s fiscal 2023 and FY24 EPS estimates have gone up 16% and 13% respectively.

Fiscal 2023 earnings are now projected to be up 9% this year and rise another 8% in FY24 at $2.92 per share. Sales are forecasted to jump 14% in FY23 and climb another 12% in FY24 to $821.48 million. Plus, fiscal 2024 would represent 214% growth from pre-pandemic levels with 2019 sales at $261 million.

Perion stock is up +42% year to date to largely outperform the broader indexes and the Internet Content Market with its continued growth indicating there could be more upside. Furthermore, over the last three years, Perion stock is up +478% to crush the benchmark, Nasdaq, and its Zacks Subindustry’s +43%.

<<<



---