Why Perion Network Stock Was Climbing Today
Shares of Perion Network (NASDAQ: PERI) were moving higher today after the advertising technology company reported better-than-expected results in its second-quarter earnings release this morning. It also raised its full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance.
As of 11:36 a.m ET, the stock was up 10%.
Perion's primary business is its Intelligent Hub platform, which connects ad buyers and sellers, helping each one efficiently find the right demand and supply.
Source Fool.com
