Still Bullish On Perion - But Cautious
Perion Networks: Cheap And Poised For A Rebound
Perion Networks - A Sinking Ship, An Immediate Short Opportunity With A 40% Downside
Athena Research • 20 Comments
Athena Research • 20 Comments
The 'New' Perion - What Does The Future Hold For It?
Top Alpha • 11 Comments
Top Alpha • 11 Comments
Aug. 3, 2015, 9:18 AM
Aug. 3, 2015, 9:15 AM
- Perion (NASDAQ:PERI) has jumped to $2.83 premarket after beating Q2 estimates and guiding for Q3 revenue of $45M-$48M, down from $87.4M a year ago but above a $44.3M consensus.
- Net income is expected to drop to $5M-$6M in Q3 from Q2's $9.5M. The EPS consensus is at $0.10 vs. a reported Q2 level of $0.13.
- Search revenue (hit by Google search toolbar policy changes) fell 56% Y/Y in Q2 to $40.8M, and ad/other revenue fell 54% to $7.8M. Helping offset: GAAP costs/expenses fell 54% to $39.7M after backing out a one-time gain, with customer acquisition costs dropping 65% to $19.5M.
- Perion ended Q2 with 165 active advertisers and $35M worth of managed ad spend (+15% Q/Q). With shares down over 80% from their 2013 highs going into earnings, expectations were low.
- Q2 results, PR
Aug. 3, 2015, 7:03 AM
- Perion Network (NASDAQ:PERI): Q2 EPS of $0.13 beats by $0.02.
- Revenue of $48.57M (-55.7% Y/Y) beats by $6.21M.
Aug. 2, 2015, 5:30 PM
May 6, 2015, 7:07 AM
- Perion Network (NASDAQ:PERI): Q1 EPS of $0.19 beats by $0.05.
- Revenue of $52.13M (-54.6% Y/Y) beats by $0.7M.
May 5, 2015, 5:30 PM
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Apr. 7, 2015, 5:06 PM
- Michael Waxman-Lenz, formerly the CEO of education marketing/tech firm INTEAD, has been hired by Perion (NASDAQ:PERI) to fill the new role of chief strategy officer. He'll be in charge of "developing and executing global strategy, corporate development and marketing."
- Perion, hungry to cut its search toolbar dependence, has already been busy shaking up its strategy. The company bought mobile ad management platform Grow Mobile last June, and social media ad platform MakeMeReach in February.
Apr. 1, 2015, 3:14 PM
- With the Nasdaq down 0.8%, only a handful of tech companies are posting big gains. Notable gainers include search toolbar/mobile ad provider Perion (PERI +4.2%) , low-end Android OEM InfoSonics (IFON +7.1%), and Chinese mobile app developer Sungy Mobile (GOMO +8.2%).
- Notable decliners include local reviews leader Yelp (YELP -4.6%), cloud IT service management software vendor ServiceNow (NOW -4.5%), cloud talent management software vendor Cornerstone OnDemand (CSOD -4%), enterprise cloud storage/file-sharing platform Box (BOX -5.5%), software analytics tool provider New Relic (NEWR -5.9%), online family care marketplace marketplace Care.com (CRCM -5%), and e-commerce software provider Demandware (DWRE -4.9%).
- Perion announced this morning it has added Mike Vorhaus, president of consulting firm Magid Advisors, to its board. ServiceNow has announced its Q1 report will arrive on April 16. Yelp, which has been volatile in recent weeks, is now just slightly over $3 above a 52-week low of $42.10. Care.com is less than $1 away from a post-IPO low of $6.50.
- Previously covered: Solar stocks, cybersecurity stocks, Axcelis, GoDaddy, ON Semi, Voltari
Mar. 24, 2015, 3:18 PM
- Today's notable tech gainers include chip packaging/testing firm ChipMOS (IMOS +3.7%), and headphone maker Skullcandy (SKUL +3.9%), mobile banking tech provider Mitek (MITK +6.5%), search toolbar/mobile ad platform provider Perion (PERI +8.8%), Chinese social network/game provider Renren (RENN +4.8%), peripherals giant Logitech (LOGI +4%), security IP licensing firm Finjan (FNJN +13.7%).
- Notable decliners include e-commerce services firm ChannelAdvisor (ECOM -5.6%), program guide/content protection IP firm Rovi (ROVI -4.3%), telecom equipment vendor Calix (CALX -3.5%), and Fibre Channel/Ehternet switch vendor Brocade (BRCD -3.4%).
- Likely helping Finjan: An H.C. Wainwright note stating the company has committed $5M to a Jerusalem Venture Partners (JVP) cybersecurity fund; Alibaba announced yesterday it's investing in JVP. Logitech announced a $100 wireless mouse today. Skullcandy is once more within striking distance of a 52-week high of $11.83.
- Previously covered: Twitter, solar stocks, Sonus/AudioCodes/BroadSoft, Neonode, Arista, Taser, Ciena, Zagg, Gogo, Digital Ally
Feb. 25, 2015, 12:02 PM
- Though it beat Q4 estimates, Perion (PERI -2.9%) is guiding for Q1 revenue of $50M-$53M, below a $69.7M consensus. Net income is expected to be in a range of $9M-$11M.
- The company notes it plans to report "more of its revenue on a net revenue basis to reflect a shift in its business model both in search and mobile," so as to comply with GAAP rules, and that this shift will have a $7M-$10M impact on reported Q1 sales. Backing out that change brings sales guidance to $57M-$63M (still below consensus).
- Perion adds its search monetization (toolbar) business "still faces headwinds." The company is more positive about GrowMobile's mobile ad platform, and declares it's "dedicating resources to organically enhance our monetization portfolio to include other forms of advertising and to expand into mobile."
- Customer acquisition costs were 37% of revenue, up from Q3's 34% but down from 63% a year ago. On the other hand, costs/expenses rose to 32% of revenue from 25% a year ago. Search revenue fell 4% Y/Y to $68.1M, and ad/other revenue 23% to $9.9M.
- Shares started the day sharply lower, but have since pared their losses. A lot of bad news has been priced in already.
- Q4 results, PR
Feb. 25, 2015, 9:24 AM
Feb. 25, 2015, 7:14 AM
- Perion Network (NASDAQ:PERI): Q4 EPS of $0.27 beats by $0.13.
- Revenue of $78.68M (-8.1% Y/Y) beats by $5.4M.
Feb. 24, 2015, 5:30 PM
Feb. 23, 2015, 3:04 PM
- Today's notable tech gainers include video processor supplier Ambarella (AMBA +5.1%), online retailer Overstock (OSTK +6.5%), Web toolbar/mobile ad services firm Perion (PERI +4.3%), data center switch vendor Arista (ANET +3.2%), and cloud contact center software provider InContact (SAAS +3.9%).
- Notable decliners include supercomputer maker Cray (CRAY -7.2%), 3D printer maker ExOne (XONE -4.5%), Chinese mobile game publisher Sky-mobi (MOBI -6.6%), demand-side online ad platform Rocket Fuel (FUEL -7.9%), auto site TrueCar (TRUE -4.3%), online flash sales provider Zulily (ZU -4.2%), online health insurance agency eHealth (EHTH -9.7%), and data center services provider Datalink (DTLK -4.9%). The Nasdaq is close to breakeven.
- Arista is adding to Friday's post-earnings gains, which were aided by upbeat analyst commentary. Rocket Fuel and TrueCar are adding to Friday's post-earnings losses (I, II) - TrueCar released February sales estimate data today for a number of automakers.
- Previously covered: Cybersecurity stocks, Digital Ally, TowerJazz, 500.com, Russian tech/telecom stocks, TubeMogul, RGS Energy, Computer Sciences
Feb. 11, 2015, 4:01 PM
- MakeMeReach, based out of Paris, offers a platform for creating Facebook/Twitter ads and managing related campaigns. Perion (PERI -2.8%) is buying the company for an undisclosed sum.
- The acquisition follows Perion's 2014 purchase of mobile ad management platform Grow Mobile. Perion notes both MakeMeReach and Grow Mobile's solutions are available on either a self-serve or fully-managed basis, and that MakeMeReach gives Grow Mobile a new European office.
- The deal comes shortly after online ad campaign software provider Marin Software (MRIN +0.1%) agreed to buy MakeMeReach rival SocialMoov for $18.75M ($8M in cash, $10.75M in stock).
Jan. 12, 2015, 4:25 PM
- Shai Gottesdiener, Perion's (NASDAQ:PERI) CTO since July 2013, will now serve as the GM of the company's B2B Mobile unit. His new position makes him responsible for recently-acquired app ad management platform Grow Mobile, as well as for "launching new B2B mobile products" such as Perion's Touchbeam engagement platform (beta release in Q2).
- Perion's new CTO is Miki Kolko, Perion's VP of Data for the last two years and prior to that the VP of Data at cloud customer support software vendor LivePerson.
- Shares made new 52-week lows today. CFO Yacov Kaufman presents at a Needham conference at 3:30PM ET tomorrow (webcast).
Perion Network Ltd. engages in the provision of digital media business. It is involved in the development of search-based monetization solution for publishers to track and monitor their business performance. The company was founded by Ofer Adler and Yaron Adler November 1999 and is headquartered... More
Industry: Business Software & Services
Country: United States
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