Growth Stock Thoughts

An Investment in Knowledge Pays the Best Interest

Benjamin Franklin

 

Building Benjamins

Perion Networks PERI had a great quarter. Revenues up 45%. EPS up 90%.

• Perion Networks (PERI) had a great quarter.
• Revenues up 45%. EPS up 90%. Current price 22 vs high of 30. Stock surged after quarter but has pulled back.
• A good entry point for a secular 30% grower.
• Over 500 advertising partners, 200 publishers, and 8 billion page views in 2020.
• Massive 45% increase in total revenue in third quarter driven by 30% increase in average spend and 12% increase in new clients.
• AI-powered solutions to a traditionally “analog” industry. The total addressable market (TAM) is expected to climb to $524 billion by 2024, from $340 billion in 2020.

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