Perion Network Expects FY24 Revenue of $860M-$880M Vs $887.17M Est
Portfolio Pulse from Benzinga Newsdesk
Perion Network has projected its FY24 revenue to be in the range of $860M-$880M, which is below the market expectation of $887.17M.
February 07, 2024 | 11:09 am
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Perion Network's FY24 revenue projection falls short of market expectations, potentially impacting investor sentiment.
When a company's revenue forecast falls below market expectations, it often leads to negative investor sentiment and can result in a decrease in stock price in the short term. Perion Network's lower-than-expected revenue guidance for FY24 may cause concern among investors about the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100