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Perion Network (PERI) Soars 6.90% on Q1 Earnings Beat
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 16, 2025 6:14 pm ET1min read
Perion Network (PERI) shares surged 6.90% today, marking the fourth consecutive day of gains, with a cumulative increase of 13.17% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 12.19%.
Perion Network's stock price has been influenced by its preliminary Q1 2025 results. The company anticipates reporting a revenue of approximately $88 million, exceeding analysts' expectations of $83.7 million. This better-than-expected performance has driven a significant increase in the stock price, with shares climbing nearly 9.85 percent. The strong momentum and the Perion One strategy are cited as key contributors to this growth, indicating sustainable development for the company. Full results are expected to be released on May 13, 2025.
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