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Perion Network Ltd (PERI.OQ)

PERI.OQ on NASDAQ Stock Exchange Global Select Market

1.52USD
18 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Josef Mandelbaum to step down as CEO of Perion
Tuesday, 27 Sep 2016 02:51am EDT 

Perion Network Ltd : Josef Mandelbaum to step down as CEO of Perion .Says board of directors has begun a search for company's next CEO.  Full Article

Perion Network reports Q2 GAAP earnings $0.02 per share
Wednesday, 3 Aug 2016 08:30am EDT 

Perion Network Ltd : Quarterly GAAP diluted earnings per share from continuing operation $0.02 . Reports Q2 2016 GAAP revenues of $78.0 million . Q3 GAAP revenue is expected to be in range of $78 million - $81 million . Q3 adjusted EBITDA is expected to be in range of $12 - $13 million .Quarterly non-GAAP diluted earnings per share $0.08.  Full Article

Perion sees Q2 2016 revenue of $73-$75 mln
Tuesday, 10 May 2016 07:33am EDT 

Perion Network Ltd : "continue to expect in excess of 50% revenue growth for year, with strong ebitda at high end of our original guidance" . Sees Q2 Adjusted Ebitda In Range Of $8-$9 million . Perion network ltd qtrly net loss per share from continuing operations $0.02 . Gaap revenues $73.1 million, adjusted ebitda $8.8 million . Q1 non-gaap earnings per share $0.09 from continuing operations . Sees q2 2016 revenue $73 million to $75 million .Q1 revenue $73.1 million versus $52.1 million.  Full Article

Perion Network Ltd Acquires Undertone
Tuesday, 1 Dec 2015 09:00am EST 

Perion Network Ltd:Says that it has acquired Undertone, co in high-impact, cross-screen advertising solutions, for $180 million in total enterprise value.acquisition will be immediately accretive.All-cash acquisition will be financed at closing with approximately $91 million of cash from Perion, an additional $16 million as a holdback, payable in 18 months, $3 million payable in installments over the next 18 months and another $20 million, bearing interest, due in 2020.In addition, the Company has entered into a new long-term credit agreement with the existing Undertone lenders, SunTrust Robinson Humphreys, Silicon Valley Bank and Comerica Bank, for $50 million.JMP Securities LLC served as exclusive financial advisor and debt placement agent to Perion. Goldfarb Seligman & Co. LLP served as legal advisor to Perion, and Kramer Levin LLP provided US legal advice.Morgan Stanley & Co. LLC served as exclusive financial advisor to Undertone, and Goodwin Proctor LLP acted as Undertone's legal counsel.LionTree Advisors served as a capital markets advisor to Perion.  Full Article

Perion Network Ltd gives Q4 2015 guidance
Tuesday, 3 Nov 2015 07:00am EST 

Perion Network Ltd:Expects Q4 2015 revenue to be in the range of $52-54 mln.Expects Q4 2015 adjusted EBITDA to be in the range of $6-$7 mln.Expects Q4 2015 non-GAAP net income to be in the range of $4-$5 mln.  Full Article

Perion Network Ltd gives Q3 2015 guidance
Monday, 3 Aug 2015 07:00am EDT 

Perion Network Ltd:Sees Q3 2015 revenue to be in the range of $45 - $48 million.Sees Q3 2015 Adjusted EBITDA to be in the range of $7 - $9 million.Sees Q3 2015 Non-GAAP Net Income is expected to be in the range of $5 - $6 million.  Full Article

Perion Network Ltd gives Q2 2015 guidance
Wednesday, 6 May 2015 07:00am EDT 

Perion Network Ltd:Sees Q2 2015 revenue to be in the range of $40 - $44 million.Sees Q2 2015 Adjusted EBITDA to be in the range of $10 - $12 million.Sees Q2 2015 Non-GAAP Net Income to be in the range of $7 - $9 million.  Full Article

Perion Network Ltd gives Q1 2015 guidance
Wednesday, 25 Feb 2015 07:00am EST 

Perion Network Ltd:Expects Q1 2015 revenue to be in the range of $50 - $53 million.Expects Q1 2015 adjusted EBITDA to be in the range of $13 - $15 million.Expects Q1 2015 non-GAAP net income to be in the range of $9 - $11 million.Says that as required by US GAAP, Perion will be reporting more of its revenue on net revenue basis to reflect a shift in its business model both in search and mobile.Says that this reporting requirement will lower expected revenues in Q1 2015 by about $7 - $10 million.Says that it is also worth noting that adjusted EBITDA and net income will not be affected.  Full Article

Perion Network Ltd acquires MakeMeReach, adding social media to its mobile marketing platform
Wednesday, 11 Feb 2015 07:00am EST 

Perion Network Ltd:Acquired MakeMeReach, profitable and rapidly growing Paris-based company and one of Europe's social media advertising platforms.MakeMeReach's AdsOptim technology enables mobile app developers to efficiently and effectively scale their advertising campaigns on social media, with a specific focus on optimizing mobile ad campaigns.MakeMeReach is Facebook Preferred Marketing Developer (PMD) and Twitter Marketing Platform Partner.  Full Article

BRIEF-Perion Qtrly adjusted EPS $0.10

* Qtrly revenues $74.5 million versus $52.6 million, gaap earnings per share from continuing operation $0.04