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home / news releases / PERI - Perion: When Cheap Isn't A Steal Avoid

PERI - Perion: When Cheap Isn't A Steal Avoid

Perion Network Ltd

2024-06-18 04:04:06 ET

Summary

  • Perion's revenue growth rates have been steadily compressing, exacerbated by the loss of its key partnership with Microsoft Bing.
  • At 16x forward EBITDA, PERI stock may appear cheap but is actually overpriced given its prospects.
  • Despite a significant drop in stock price, investors are advised to stay away as its best days are in the past.

Investment Thesis

Perion's ( PERI ) stock is a sell. This is hard to stomach. The stock is down so much, and I was so bullish on it last year....

For further details see:

Perion: When Cheap Isn't A Steal, Avoid
Stock Information
Company Name: Perion Network Ltd
Stock Symbol: PERI
Market: NASDAQ
Website: perion.com
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