Perion Network Ltd. (PERI) Reports Q2 EPS of $0.39

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Go back to Perion Network Ltd. (PERI) Reports Q2 EPS of $0.39

Needham & Company Downgrades Perion Network Ltd. (PERI) to Hold

August 7, 2014 7:00 AM EDT

Needham & Company downgraded Perion Network Ltd. (NASDAQ: PERI) from Buy to Hold on a dramatic slowdown in search revenue.

Analyst Kerry Rice comments, "We are downgrading Perion to a HOLD from a BUY given the dramatic slowdown in Search revenue growth in... More