- 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.