Perion Network saw another improvement in its IBD SmartSelect Composite Rating Friday, from 93 to 97. The RS rating is also in the 90's, but the Relative Strength Line is lagging.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Perion Network has climbed above an older buy zone. It now needs to continue moving in the right direction, and clear the one remaining moving average that is currently about 5% away. Then look for another pattern to form which will offer a clear entry point.
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PERI Earnings
The stock has a 98 EPS Rating, meaning its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company reported 36% earnings growth. Revenue growth fell to 16%, down from 33% in the prior quarter.
Perion Network earns the No. 3 rank among its peers in the Commercial Services-Advertising industry group. Gambling.com is the No. 1-ranked stock within the group.
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