Quick Win By The Algorithm: PERI 4Q Results

Quick Win By The Algorithm

On December 21, 2016, the I Know First algorithm had predicted a bullish forecast for Perion Network Ltd. (PERI). PERI had a signal of 108.68 and a predictability of 0.27. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 36.69% in just 3 months.

Perion Network Ltd. (PERI), a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally.


Perion Network Ltd. report its financial 4Q results, which ended in December 31, 2016.

Perion’s CFO, Yacov Kaufman, says, “Perion delivered on its strategy set out in the beginning of the year, to diversify its business, expand its long-term growth opportunity and leverage its strong and stable cash flows.  For the first time, advertising represented more than half our revenues, powering 25% year over year revenue growth this past quarter. Together with this growth, we generated an Adjusted EBITDA margin of 16%, and cash from operations, in the fourth quarter alone, was over $12.1 million.”

Perion Network acquired Undertone, a digital advertising company, at the end of 2015. In 2016, revenues increased 42%, from $221.0 million to $312.8 million from year to year. Revenue increased from 74.46 million in the third quarter to 84.45 million this past quarter. Although net earnings decreased from 2.88 million in 3Q to .32 million in 4Q, the annual net earnings from 2015 to 2016 increased.

Kaufman also says that a new CEO, Doron Gerstel, will be joining the company in April.

After Perion’s acquisition of Undertone, the company has increased revenue and  net earnings over the past year. In addition, with a new CEO on the way, Period has hope for another successful year.  Perion seems satisfied with their 2016 results.

This bullish forecast on PERI was sent to current I Know First subscribers on December 21, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading, the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.