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Why Perion Network Rallied Today

TheMotleyFool

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Shares of adtech company Perion Networks (NASDAQ: PERI) rallied 14.5% on Wednesday, as of 1:13 p.m. ET.

Perion delivered third-quarter earnings today, showing a return to revenue growth after a few difficult years, with results beating expectations.

Perion is attempting a tough turnaround, and while there is a long way to go, this quarter's return to growth and cash-heavy balance sheet could make for a very interesting deep-value opportunity.

Source Fool.com

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