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Perion Network Ltd. (PERI) provides digital advertising solutions to brands, agencies, and publishers. 
It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.
The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns.
In addition, it provides an actionable performance monitoring platform to support the various phases of campaign management; an online video player and integrated ad server to upload, manage, and stream video content; content monetization system, which integrates ads within the content layouts at the page level.
On February 8th, PERI reported Quarter December 2022 earnings of $0.84 per share on revenue of $209.7 million. The consensus earnings estimate was $0.63 per share on revenue of $205.1 million. Revenue grew 32.7% on a year-over-year basis.
The company said it expects 2023 revenue of $720.0 million to $740.0 million. The current consensus revenue estimate is $729.98 million for the year ending December 31, 2023.
Shares are heading higher in an upward trading channel. Presently they are at the lower boundary of an upward trading channel. The formation is supported by the stock's 50-day moving average. Higher share prices are expected.
Entry Point: $34.00
Trading Range: $16.405 to $37.18
Stop Loss: $32.25
Target Price: $37.40
PERI closed at $38.90
