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Why Perion Network Stock Plunged Today

TheMotleyFool 
0 0 10.06.24
Why Perion Network Stock Plunged TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of Perion Network (NASDAQ: PERI) were tanking today after the company's relationship with Microsoft took another step back, crushing a key source of revenue for the ad tech company.

As a result, Perion slashed its revenue guidance again, following a guidance cut for the same reason, and the stock was down 28.4% as of 11:15 a.m. ET on Monday.

Image source: Getty Images.

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Source Fool.com

Microsoft Corp. Stock

€432.35
-0.270%
Microsoft Corp. shows a slight decrease today, losing -€1.150 (-0.270%) compared to yesterday.
The stock is one of the favorites of our community with 150 Buy predictions and 4 Sell predictions.
With a target price of 500 € there is a slightly positive potential of 15.65% for Microsoft Corp. compared to the current price of 432.35 €.
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