Perion Network Ltd (NASDAQ:PERI) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.38-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $102-104 million, compared to the consensus revenue estimate of $105.94 million.
A number of analysts have recently weighed in on PERI shares. Analysts at Chardan Capital reiterated a buy rating on shares of Perion Network Ltd in a research note to investors on Thursday, October 31st. They now have a $17.00 price target on the stock. Analysts at Benchmark Co. reiterated a buy rating on shares of Perion Network Ltd in a research note to investors on Tuesday, September 17th. They now have a $19.00 price target on the stock, up previously from $16.00. Five investment analysts have rated the stock with a buy rating, Perion Network Ltd has an average rating of Buy and a consensus price target of $17.25.
Perion Network Ltd (NASDAQ:PERI) opened at 10.21 on Tuesday. Perion Network Ltd has a 1-year low of $8.19 and a 1-year high of $14.94. The stock has a 50-day moving average of $12.62 and a 200-day moving average of $12.42. The company has a market cap of $125.3 million and a price-to-earnings ratio of 19.86.
Perion Network Ltd (NASDAQ:PERI) last released its earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $21.30 million for the quarter, compared to the consensus estimate of $16.30 million. Perion Network Ltd’s revenue was up 30.7% compared to the same quarter last year.
Perion Network Ltd, formerly IncrediMail Ltd., is an Internet content and media company. The Company’s products have been downloaded in more than 100 countries and in 2010, it recorded on average approximately 1.
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