📡📈 PERION NETWORK ANALYSIS

in #idea • 3 years ago

1
Perion, which provides an intelligent hub that connects ad buyers and sellers, said it expected first-quarter revenue to come in at $125 million, up 39% from the prior year and better than the analyst consensus at $119.1 million.

Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also surged from $8.8 million in the quarter a year ago to $22 million, showing its strategy of focusing on the intelligent hub, a premium ad experience, and video monetization is paying off. Its EBITDA margin, excluding traffic acquisition costs, also rose from 25% to 42%, another sign that the intelligent hub is scaling well. The company also benefited from its acquisition last year of Vidazoo, a video content management platform, which gave a boost to revenue.

2
Since 04.04.2022 the stock is consolidating within an area ranging from $26.69 - $24.08.

WHAT DO I EXPECT NEXT?

3
I can imagine that the Perion Network stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $26.69 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $24.08 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇

🚫 No investment advice, I am just displaying my personal opinion which might be wrong!

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#trading #investment #stocks #finance
3 years ago in #idea by
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