2024-04-02 08:47:13 ET
Summary
- Perion Network is a profitable growth company in the AdTech/digital advertising markets, with revenue growth of over 25% and positive earnings and free cash flows.
- The company has a strong balance sheet with no debt, close to $500 million in cash, and a non-GAAP P/E of under 8.
- Perion Network recently completed the acquisition of Hivestack, which will contribute to revenue growth of close to 20% in 2024.
- Perion Network has also shown that it is a shareholder friendly firm by initiating a stock buyback program.
Investment Thesis
Perion Network ( PERI ) is a profitable growth company in the growing AdTech/digital advertising markets. Over the past 3 years, Perion Network has grown revenues by an average of over 25% while generating positive earnings and free cash flows. In today's markets, it is very hard to find companies that are growing this fast and doing so profitably....
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Perion Network: Profitable Growth Company Trading At A Discount