You can't say 2013 has been boring for Perion Network (PERI), formerly known as IncrediMail. The company saw a nice bounce in the year's first week, then jumped 20 percent on January 8th as the company pre-announced better-than-expected 2012 revenue and projected sales growth of at least 80 percent in 2013.
The jump pushed the stock to an all-time high, and yet the stock still seemed somewhat undervalued. The company guided for 2013 non-GAAP EPS of "at least" $1.61 per share, putting its forward P/E around 8. Given that the company projected that organic growth for FY13 would still be in the 25% range, such a multiple seemed low, despite the stock having tripled from June lows....
Only subscribers can access this article, which is part of the PRO research library covering 3,759 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: