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Perion Network Ltd (PERI.OQ)

PERI.OQ on NASDAQ Stock Exchange Global Select Market

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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

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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