Revenue Update on Perion Network Ltd(NASDAQ:PERI)

Perion Network Ltd(NASDAQ:PERI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $75.65M. Analysts estimated a revenue of $74.20M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.09.

Perion Network Ltd (PERI) made into the market gainers list on Fridays trading session with the shares advancing 0.77% or 0.01 points. Due to strong positive momentum, the stock ended at $1.31, which is also near the day’s high of $1.33. The stock began the session at $1.3 and the volume stood at 63,522 shares. The 52-week high of the shares is $3.94 and the 52 week low is $1.01. The company has a current market capitalization of $99 M and it has 7,58,11,487 shares in outstanding.

Perion Network Ltd. (Perion) is a global performance-based media and Internet company. The Company is engaged in providing online publishers and application (app) developers advanced technology and a range of intelligent data-driven solutions to monetize their application or content and expand their reach to audiences. The Company’s software monetization platform Perion Codefuel enables digital businesses to optimize installs analyze data and maximize revenue. The Company advertising mobile marketing business enables developers to make decisions on where to spend advertising budgets. The Company is also developing other platforms and software to enable mobile application developers optimize and monetize their existing user base. The Company’s products include IncrediMail and Smilebox.

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