Perion Network Stock (NASDAQ:PERI), Trade Ideas

Perion Network

Perion Network Ltd is a technology company. It offers online advertising and search solutions to brands, agencies, and publishers through desktop, mobile, and social channels. It connects advertisers to consumers across digital advertising channels, including search advertising, social, display, video, digital audio, digital out of home (DOOH), and Connected TV (CTV) advertising. The company earns prime revenue from search advertising and display advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the company generates a majority of its revenue from the United States and the rest from other regions.

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The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &#34;Greed&#34; zone on Monday.

U.S. stocks closed little changed on Monday, ahead of key inflation data. Data on consumer and producer price indexes for March will be released this week.

Investor Optimism Improves; Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone

Penny Stocks

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Commodities

Global

Intraday Update

AGEN

AUUD

LGVN

PLOW

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.1% on Monday.

The Dow traded up 0.04% to 38,919.32 while the NASDAQ rose 0.11% to 16,266.07. The S&amp;P 500 also rose, gaining, 0.07% to 5,208.09.

Gold Moves Higher; Auddia Shares Surge

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CONNEXA SPORTS TECH INC by Connexa Sports Technologies Inc.

CNXA

COIN

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DXYZ

FSLY

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HUBC

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MESO

MODN

MRNO

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PPTA

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SLNA

SPCB

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TPCS

TTNP

UCAR

XXII

ZOOZ

Shares of Agenus Inc. (NASDAQ: AGEN) fell sharply during Monday’s session.

Agenus disclosed a 1-for-20 reverse stock split of common stock.

Agenus Inc. (NASDAQ: AGEN) declined 17% to $0.4181 on Monday.

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Perion Network Ltd

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Perimeter Medical Imaging AI Inc

Perimeter Solutions SA

Perimeter Solutions SA Warrants (11/11/2024)

Roth MKM analyst Jeff Martin downgrades Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) from Buy to Neutral and lowers the price target from $35 to $13.

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Analyst Ratings

Roth MKM Downgrades Perion Network to Neutral, Lowers Price Target to $13

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &quot;Greed&quot; zone on Monday.
U.S. stocks closed little changed on Monday, ahead of key inflation data. Data on consumer and producer price indexes for March will be released this week.
On Monday, the rate on the benchmark 10-year Treasury note rose around 4 basis points to 4.42%.
Shares of Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) tumbled more than 40% on Monday after the company slashed its FY24 revenue guidance.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, information technology and health care stocks recording the biggest losses on Monday. However, real estate and consumer discretionary bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 11 points to 38,892.80 on Monday. The S&amp;P 500 slipped 0.04% at 5,202.39, while the Nasdaq Composite rose 0.03% at 16,253.96 during Monday&rsquo;s session.
Investors are awaiting earnings results from SMART Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>), PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) and Neogen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neog#NASDAQ">NEOG</a>) today.
At a current reading of 65.9, the index remained in the &quot;Greed&quot; zone on Monday, versus a prior reading of 62.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Investor Optimism Improves; Fear & Greed Index Remains In 'Greed' Zone

Lake Street analyst Eric Martinuzzi downgrades Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) from Buy to Hold and announces $16 price target.

Lake Street Downgrades Perion Network to Hold, Announces $16 Price Target

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.1% on Monday.
The Dow traded up 0.04% to 38,919.32 while the NASDAQ rose 0.11% to 16,266.07. The S&amp;P 500 also rose, gaining, 0.07% to 5,208.09.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136452/jim-cramer-isnt-going-with-this-tech-company-its-complicated-im-a-nvidia-guy"> Jim Cramer Isn&#39;t Going With This Tech Company: &#39;It&#39;s Complicated. I&#39;m A Nvidia Guy&#39;</a>
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<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares jumped by 0.9% on Monday.
In trading on Monday, health care shares fell by 0.3%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) slashed its FY24 revenue guidance.
Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares shot up 199% to $4.27 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Shares of UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) got a boost, surging 48% to $0.2738 after the company completed a private placement.
Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares were also up, gaining 62% to $3.5599 after the company submitted paperwork for a share offering.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) shares dropped 40% to $12.62 after the company slashed FY24 revenue guidance and issued first-quarter outlook below estimates.
Shares of Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) were down 18% to $0.4151. Agenus disclosed a 1-for-20 reverse stock split of common stock.
Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) was down, falling 7% to $22.39. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25.
Also Check This Out:<a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 0.4% to $86.57 while gold traded up 0.6% at $2,358.40.
Silver traded up 1.7% to $27.97 on Monday, while copper rose 1.3% to $4.2920.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.47%, London&rsquo;s FTSE 100 rose 0.41% while Spain&rsquo;s IBEX 35 Index fell 0.04% The German DAX gained 0.79% French CAC 40 climbed 0.72% while Italy&rsquo;s FTSE MIB Index gained 0.90%.
Imports into Germany increased 3.2% month-over-month to EUR 111.5 billion in February, while exports from Germany fell 2% month-over-month to EUR 132.9 billion. German industrial production climbed by 2.1% month-over-month during February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 gaining 0.91%, Hong Kong&rsquo;s Hang Seng Index gaining 0.05%, China&rsquo;s Shanghai Composite falling 0.72% and India&rsquo;s S&amp;P BSE Sensex gaining 0.67%.
Foreign exchange reserves in Singapore increased to SGD 497.3 billion in March from SGD 480.4 billion a month ago. The gauge for Japanese service <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> declined to 49.8 in March versus 51.3 a month ago. Japan&rsquo;s current account surplus widened to JPY 2,644.2 billion in February from JPY 2,200.3 billion in the year-ago month. Chinese foreign exchange reserves jumped by $19.8 billion to $3.246 trillion during March.
&nbsp;
<h3>Economics</h3>
&nbsp;
There were no major US economic releases Monday.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136451/amazon-alphabet-and-a-pharmaceutical-giant-cnbcs-final-trades"> Amazon, Alphabet And A Pharmaceutical Giant: CNBC&#39;s &#39;Final Trades&#39;</a>
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Needham analyst Laura Martin maintains Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) with a Buy and lowers the price target from $35 to $18.

Needham Maintains Buy on Perion Network, Lowers Price Target to $18

Shares of Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) fell sharply during Monday&rsquo;s session.
Agenus disclosed a 1-for-20 reverse stock split of common stock.
Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares jumped 231.7% to $4.72 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares climbed 93.2% to $4.2499 after the company submitted paperwork for a share offering.</li>
<li>UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) gained 56.8% to $0.29 after the company completed a private placement.</li>
<li>U Power Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ucar#NASDAQ">UCAR</a>) climbed 48% to $6.96 after the company announced announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles is poised for a formal commercial rollout in Wuhu, Anhui Province, China.</li>
<li>Arrowroot Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arrw#NASDAQ">ARRW</a>) rose 38.2% to $19.53.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) jumped 33.8% to $79.30 after jumping around 77% on Friday.</li>
<li>TechPrecision Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpcs#NASDAQ">TPCS</a>) rose 29.8% to $4.2837 after the company announced the termination of the agreement to acquire Votaw Precision Technologies.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) gained 27.9% to $10.68.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnxa#NASDAQ">CNXA</a>) surged 26.8% to $0.3801.</li>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) rose 25.7% to $3.9089. AXT said it sees preliminary revenue of $22.4 million to $22.7 million for the first quarter.</li>
<li>Titan Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttnp#NASDAQ">TTNP</a>) climbed 24.4% to $8.70.</li>
<li>Apartment Income REIT Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airc#NYSE">AIRC</a>) gained 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.</li>
<li>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>) rose 22% to $1.1195.</li>
<li>Outset Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/om#NASDAQ">OM</a>) gained 19.4% to $2.4492. BTIG analyst Maria Thibault initiated coverage on Outset Medical with a Buy rating and announced a price target of $6.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) gained 18.2% to $9.53.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glmd#NASDAQ">GLMD</a>) rose 17.6% to $0.3999. Last week, Galmed Pharmaceuticals filed annual report on Form 20-F for the fiscal year ended Dec. 31, 2023.</li>
<li>Ducommun Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) surged 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose 13.8% to $6.60.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) climbed 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.</li>
<li>AltC Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alcc#NASDAQ">ALCC</a>) gained 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) rose 12.7% to $1.8697.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 10.9% to $1,595.72 amid a rise in Bitcoin.</li>
<li>Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) rose 10.7% to $30.00 after the company announced it will be acquired by Vista Equity Partners for $1.25 billion.</li>
<li>A-Mark Precious Metals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrk#NASDAQ">AMRK</a>) gained 10.3% to $36.10.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) surged 8.1% to $260.41 amid a rise in the price of Bitcoin.</li>
<li>BYND Cannasoft Enterprises Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcan#NASDAQ">BCAN</a>) gained 8% to $1.1119.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aehl#NASDAQ">AEHL</a>) shares rose 7.4% to $1.60 after declining 5% on Friday. On April 1, Antelope Enterprise announced preliminary full year 2023 revenue of $70.4 million.</li>
<li>Fastly, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NASDAQ">FSLY</a>) gained 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>22nd Century Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NASDAQ">XXII</a>) fell 45.4% to $1.95. 22nd Century Group shares jumped over 140% on Friday after the company signed a new contract manufacturing agreement for the production of branded conventional cigarette products.</li>
<li>Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) dipped 36% to $13.51 after the company slashed FY24 revenue guidance.</li>
<li>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) fell 29.1% to $2.75. Shares of MediaCo Holding jumped 177% on Friday after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) fell 24.3% to $0.2175.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) fell 23.7% to $0.0420.</li>
<li>DatChat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dats#NASDAQ">DATS</a>) fell 20.5% to $1.16.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 18% to $1.26. HUB Cyber Security recently announced $8 million in financing via a straight debt arrangement.</li>
<li>Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181. Agenus disclosed a 1-for-20 reverse stock split of common stock.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) fell 16.2% to $0.2139.</li>
<li>Conifer Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnfr#NASDAQ">CNFR</a>) dipped 15.9% to $0.8995. Cullen/Frost Bankers is scheduled to host a conference call on Thursday, April 25, 2024 to discuss first quarter 2024 earnings.</li>
<li>HWH International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwh#NASDAQ">HWH</a>) fell 15.6% to $1.3408.</li>
<li>Murano Global Investments Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrno#NASDAQ">MRNO</a>) fell 11.8% to $9.79.</li>
<li>Globavend Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvh#NASDAQ">GVH</a>) shares fell 11.2% to $1.4567 after jumping 57% on Friday.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares fell 11.2% to $3.00 after surging around 28% on Friday.</li>
<li>Reliance Global Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reli#NASDAQ">RELI</a>) fell 10.8% to $0.4327. Reliance Global, last week, reported FY23 earnings.</li>
<li>ZOOZ Power Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zooz#NASDAQ">ZOOZ</a>) fell 9.5% to $3.6675.</li>
<li>Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) fell 8.2% to $22.03. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25.</li>
<li>Trump Media &amp; Technology Group Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/djt#NYSE">DJT</a>) fell 7.4% to $37.60.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) fell 7.1% to $11.12.</li>
<li>Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) fell 4.1% to $127.22.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 50 points on Monday.
The Dow traded up 0.21% to 38,983.94 while the NASDAQ rose 0.39% to 16,311.32. The S&amp;P 500 also rose, gaining, 0.24% to 5,216.95.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136452/jim-cramer-isnt-going-with-this-tech-company-its-complicated-im-a-nvidia-guy"> Jim Cramer Isn&#39;t Going With This Tech Company: &#39;It&#39;s Complicated. I&#39;m A Nvidia Guy&#39;</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares jumped by 1% on Monday.
In trading on Monday, energy shares fell by 0.6%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) slashed its FY24 revenue guidance.
Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares shot up 250% to $5.03 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Shares of UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) got a boost, surging 77% to $0.3272 after the company completed a private placement.
Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares were also up, gaining 78% to $3.92 after the company submitted paperwork for a share offering.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) shares dropped 35% to $13.74 after the company slashed FY24 revenue guidance and issued first-quarter outlook below estimates.
Shares of Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) were down 18% to $0.4113. Agenus disclosed a 1-for-20 reverse stock split of common stock.
Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) was down, falling 8% to $22.11. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25.
Also Check This Out:<a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 1.6% to $85.54 while gold traded down 0.1% at $2,342.80.
Silver traded up 0.1% to $27.51 on Monday, while copper rose 0.4% to $4.2520.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.32%, London&rsquo;s FTSE 100 rose 0.21% while Spain&rsquo;s IBEX 35 Index fell 0.23% The German DAX gained 0.60% French CAC 40 climbed 0.72% while Italy&rsquo;s FTSE MIB Index gained 0.61%.
Imports into Germany increased 3.2% month-over-month to EUR 111.5 billion in February, while exports from Germany fell 2% month-over-month to EUR 132.9 billion. German industrial production climbed by 2.1% month-over-month during February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 gaining 0.91%, Hong Kong&rsquo;s Hang Seng Index gaining 0.05%, China&rsquo;s Shanghai Composite falling 0.72% and India&rsquo;s S&amp;P BSE Sensex gaining 0.67%.
Foreign exchange reserves in Singapore increased to SGD 497.3 billion in March from SGD 480.4 billion a month ago. The gauge for Japanese service <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> declined to 49.8 in March versus 51.3 a month ago. Japan&rsquo;s current account surplus widened to JPY 2,644.2 billion in February from JPY 2,200.3 billion in the year-ago month. Chinese foreign exchange reserves jumped by $19.8 billion to $3.246 trillion during March.
&nbsp;
<h3>Economics</h3>
&nbsp;
There were no major US economic releases Monday.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136451/amazon-alphabet-and-a-pharmaceutical-giant-cnbcs-final-trades"> Amazon, Alphabet And A Pharmaceutical Giant: CNBC&#39;s &#39;Final Trades&#39;</a>

Crude Oil Moves Lower; Perion Network Shares Tumble

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 50 points on Monday.
Following the market opening Monday, the Dow traded up 0.18% to 38,974.17 while the NASDAQ rose 0.17% to 16,276.01. The S&amp;P 500 also rose, gaining, 0.10% to 5,209.69.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136452/jim-cramer-isnt-going-with-this-tech-company-its-complicated-im-a-nvidia-guy"> Jim Cramer Isn&#39;t Going With This Tech Company: &#39;It&#39;s Complicated. I&#39;m A Nvidia Guy&#39;</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Consumer discretionary shares jumped by 0.7% on Monday.
In trading on Monday, health care shares fell by 0.3%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of Ducommun Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) jumped over 16% on Monday after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares shot up 260% to $5.14 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Shares of UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) got a boost, surging 68% to $0.3101 after the company completed a private placement.
Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares were also up, gaining 76% to $3.88 after the company submitted paperwork for a share offering.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) shares dropped 38% to $13.01 after the company slashed FY24 revenue guidance and issued first-quarter outlook below estimates.
Shares of MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) were down 26% to $2.87. Shares of MediaCo Holding jumped 177% on Friday after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.
Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) was down, falling 24% to $0.0419.
Also Check This Out:<a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 0.8% to $86.20 while gold traded up 0.6% at $2,358.90.
Silver traded up 1.5% to $27.915 on Monday, while copper rose 1% to $4.2765.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.3%, London&rsquo;s FTSE 100 rose 0.2% while Spain&rsquo;s IBEX 35 Index fell 0.1% The German DAX gained 0.7% French CAC 40 climbed 0.7% while Italy&rsquo;s FTSE MIB Index gained 0.7%.
Imports into Germany increased 3.2% month-over-month to EUR 111.5 billion in February, while exports from Germany fell 2% month-over-month to EUR 132.9 billion. German industrial production climbed by 2.1% month-over-month during February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Monday, with Japan&rsquo;s Nikkei 225 gaining 0.91%, Hong Kong&rsquo;s Hang Seng Index gaining 0.05%, China&rsquo;s Shanghai Composite falling 0.72% and India&rsquo;s S&amp;P BSE Sensex gaining 0.67%.
Foreign exchange reserves in Singapore increased to SGD 497.3 billion in March from SGD 480.4 billion a month ago. The gauge for Japanese service <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> declined to 49.8 in March versus 51.3 a month ago. Japan&rsquo;s current account surplus widened to JPY 2,644.2 billion in February from JPY 2,200.3 billion in the year-ago month. Chinese foreign exchange reserves jumped by $19.8 billion to $3.246 trillion during March.
&nbsp;
<h3>Economics</h3>
&nbsp;
There were no major US economic releases Monday.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38136451/amazon-alphabet-and-a-pharmaceutical-giant-cnbcs-final-trades"> Amazon, Alphabet And A Pharmaceutical Giant: CNBC&#39;s &#39;Final Trades&#39;</a>
&nbsp;

US Stocks Higher; Dow Gains Over 50 Points

U.S. stock futures were mixed this morning, with the Dow futures falling by around 10 points on Monday.
Shares of Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) fell sharply in today&rsquo;s pre-market trading after the company <a href="https://www.benzinga.com/quote/PERI">slashed FY24 revenue guidance.</a>
Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million.
Perion Network shares dipped 37.6% to $13.17 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>BRC Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brcc#NYSE">BRCC</a>) shares fell 7.8% to $4.38 in pre-market trading after gaining over 5% on Friday.</li>
<li>Range Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rrc#NYSE">RRC</a>) shares declined 7.3% to $32.46 in pre-market trading. Range Resources is expected to release its first quarter 2024 financial results on April 23 after the closing bell.</li>
<li>Cerus Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cers#NASDAQ">CERS</a>) fell 4.9% to $1.78 in pre-market trading. On March 26, Cerus announced the FDA approval of extended shelf life for INTERCEPT platelet processing sets, doubling previous shelf life.</li>
<li>Oil States International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ois#NYSE">OIS</a>) shares declined 4.5% to $6.15 in pre-market trading after gaining around 4% on Friday.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvgn#NASDAQ">TVGN</a>) fell 3.8% to $2.81 in pre-market trading after dipping 14% on Friday.</li>
<li>Rentokil Initial plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rto#NYSE">RTO</a>) climbed 3.8% to $29.04 in pre-market trading.</li>
<li>Baidu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>) fell 3% to $103.30 in pre-market trading.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38136222/investor-sentiment-improves-following-jobs-data-dow-jumps-over-300-points"> Investor Sentiment Improves Following Jobs Data, Dow Jumps Over 300 Points</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

BIDU

BRCC

CERS

TVGN

Perion Network Cuts Sales Outlook, Joins Range Resources And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Perion Network Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) shares are tumbling after it reported first-quarter FY24 preliminary results and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38138043/perion-network-announces-preliminary-q1-2024-financial-results" rel="noreferrer noopener">&nbsp;lowered FY24 guidance</a>.&nbsp;
The company sees revenue of $157 million, up 8% Y/Y (consensus $175.529 million), and adjusted EBITDA of $20 million (-36% Y/Y) in the first quarter.
In the first quarter of 2024, the company witnessed a decline in Search Advertising activity, owing to changes in advertising pricing and mechanisms implemented by Microsoft Bing in its Search Distribution marketplace.&nbsp;
Buyback: The company approved an increase to its buyback program to up to $75 million from $50 million.
Outlook: For FY24, the company lowered outlook for revenue to $590 million-$610 million (from $860 million-$880 million earlier) vs. consensus of $868.386 million and adjusted EBITDA of $78 million- $82 million (from&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36980241/why-is-perion-network-stock-slumping-today" rel="noreferrer noopener">$178 million-$182 million earlier</a>).
The guidance cut is mainly attributed to Search Advertising&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">and web video activity</a>.
Tal Jacobson, Perion&#8217;s CEO said, &#8220;We continue to expand and strengthen our solutions and technologies by leveraging our cash flow generation and strong cash balance of almost half a billion USD to acquire companies that are complementary and additive to our growth.&#8221;
&#8220;A key driver of our long-term success is our focus on expanding our Display Advertising activity, whose growth drivers include AI-driven CTV, Retail Media and Digital out-of-home (DOOH). These growth drivers continued to deliver meaningful growth in the first quarter and are expected to increasingly contribute to our results in 2024.&#8221;
Perion plans to release its first quarter 2024&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">results on May 8, 2024</a>.
Price Action: PERI shares are down 37.8% at $13.14 premarket on the last check Monday.

Equities

Guidance

Why Perion Network Shares Are Diving Premarket Monday

WIIM

Perion Network shares are trading lower after the company slashed FY24 revenue guidance and issued Q1 outlook below estimates.

Mr. Jacobson concluded, &quot;Management and our Board of Directors are confident that Perion is competitively well positioned for continued success within the digital advertising landscape, and thus approved an increase to our buyback program from&nbsp;$50 million&nbsp;to up to&nbsp;$75 million, capitalizing on our strong cash position.&quot;

Buybacks

Perion Network Expects Q1 Revenue of $157M Vs $175.53M Est , FY24 Revenue of $590M-$610M (Prior $860M-$880M) Vs $868.39M Est

General

Perion Partners With Way.io To Tap Into The World's Largest DOOH Market, Estimated At $5.2B

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:</h2>
<ol>
<li>Gogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) - P/E: 7.71</li>
<li>Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) - P/E: 9.98</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 5.18</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.99</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 0.97</li>
</ol>
Gogo saw a decrease in earnings per share from 0.16 in Q3 to $0.11 now. This quarter, Perion Network experienced an increase in earnings per share, which was $0.84 in Q3 and is now $1.04. Most recently, Hello Gr reported earnings per share at $0.42, whereas in Q2 earnings per share sat at $0.43. Most recently, Xunlei reported earnings per share at $0.08, whereas in Q2 earnings per share sat at $0.13. Most recently, Lendway reported earnings per share at $0.63, whereas in Q2 earnings per share sat at $-0.02. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

GOGO

LDWY

MOMO

XNET

5 Value Stocks In The Communication Services Sector

Perion Adopts Share Repurchase Program Of Up To $50M Of Its Ordinary Shares

Roth MKM analyst Jeff Martin maintains Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) with a Buy and lowers the price target from $40 to $35.

Roth MKM Maintains Buy on Perion Network, Lowers Price Target to $35-Report released on 7th February 2024

Needham analyst Laura Martin reiterates Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) with a Buy and maintains $35 price target.

Reiteration

Needham Reiterates Buy on Perion Network, Maintains $35 Price Target

Shares of The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) shares fell sharply during Wednesday&rsquo;s session following weak quarterly results.
Container Store Group posted adjusted loss of 8 cents per share, compared to market expectations for a loss of 5 cents per share. The company&rsquo;s quarterly sales came in at $214.90 million versus estimates of $220.72 million.
Container Store Group shares dipped 22.7% to $1.3150 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares jumped 400% to $7.51. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smx#NASDAQ">SMX</a>) shares climbed 138% to $0.5528.</li>
<li>Glatfelter Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glt#NYSE">GLT</a>) climbed 68.8% to $2.1450 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.</li>
<li>MariaDB plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrdb#NYSE">MRDB</a>) gained 57% to $0.3782 after jumping more than 26% on Tuesday.</li>
<li>ThermoGenesis Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thmo#NASDAQ">THMO</a>) climbed 37.7% to $0.8101.</li>
<li>Recon Technology, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcon#NASDAQ">RCON</a>) rose 33.3% to $0.1934.</li>
<li>Ault Alliance, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ault#NYSE">AULT</a>) surged 28.1% to $0.4549. Ault Alliance said it determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments.</li>
<li>Luokung Technology Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lkco#NASDAQ">LKCO</a>) gained 27.4% to $0.6269.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) rose 27% to $0.4939.</li>
<li>Aviat Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avnw#NASDAQ">AVNW</a>) surged 23.7% to $37.20 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Jianpu Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jt#NYSE">JT</a>) gained 18.5% to $0.7584.</li>
<li>Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) rose 17.7% to $118.36 after the company reported quarterly financial results.</li>
<li>Sonos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sono#NASDAQ">SONO</a>) gained 17.6% to $19.36 after the company reported better-than-expected quarterly financial results.</li>
<li>XPO, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>) climbed 16.6% to $114.34 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Cirrus Logic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crus#NASDAQ">CRUS</a>) gained 15.1% to $90.28 after the company reported better-than-expected quarterly financial results.</li>
<li>Green Plains Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpre#NASDAQ">GPRE</a>) climbed 14.6% to $22.94 following quarterly results.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) rose 14.1% to $0.81.</li>
<li>Griffon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gff#NYSE">GFF</a>) gained 13.8% to $68.55 following upbeat results.</li>
<li>REGENXBIO Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgnx#NASDAQ">RGNX</a>) rose 13.3% to $14.78. Regenxbio has completed enrollment at dose level 2 and reported additional interim safety and efficacy in Phase 1/2 AFFINITY DUCHENNE trial of Rgx-202 in patients with Duchenne Muscular Dystrophy ages 4 to11 years old.</li>
<li>O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>) climbed 12.7% to $16.19 following upbeat results.</li>
<li>Frontier Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulcc#NASDAQ">ULCC</a>) rose 11.3% to $6.93. Frontier reported fourth-quarter financial results and issued guidance.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) jumped 11.1% to $131.43 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Griid Infrastructure Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grdi#NASDAQ">GRDI</a>) gained 10.9% to $2.35 after gaining over 4% on Tuesday.</li>
<li>Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) climbed 10.8% to $104.44 after the company reported better-than-expected quarterly earnings and raised FY24 outlook.</li>
<li>Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) shares rose 9.9% to $41.14 after the company reported fourth-quarter financial results and increased its dividend.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) gained 8.1% to $3.1250.</li>
<li>Fortinet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) rose 4% to $70.13 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) shares dipped 35.2% to $11.30 after the company reported mixed fourth-quarter results.</li>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares fell 29.1% to $0.0617. Sunworks shares dipped 58% on Tuesday after the company announced it ceased operations and filed voluntary petitions for relief under the provisions of Chapter 7 of Title 11 of the United States Code.</li>
<li>CytoMed Therapeutics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdtc#NASDAQ">GDTC</a>) dipped 26.7% to $2.25.</li>
<li>fuboTV Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fubo#NYSE">FUBO</a>) shares fell 25.7% to $1.8650 after gaining around 4% on Tuesday.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) tumbled 23.6% to $2.62.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 22.8% to $5.74.</li>
<li>MedAvail Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdvl#NASDAQ">MDVL</a>) shares declined 20.4% to $2.61 after jumping 92% on Tuesday.</li>
<li>Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) fell 18.8% to $13.35 after the company reported below-consensus third-quarter results and cut the FY24 outlook.</li>
<li>Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) fell 18.6% to $24.00 after the company issued worse-than-expected FY24 outlook.</li>
<li>ePlus inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plus#NASDAQ">PLUS</a>) shares declined 17.6% to $64.50 after the company reported worse-than-expected third-quarter results.</li>
<li>The Hain Celestial Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hain#NASDAQ">HAIN</a>) fell 16.9% to $9.42 after the company reported worse-than-expected quarterly revenue results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) fell 15.9% to $5.20.</li>
<li>KKR Real Estate Finance Trust Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kref#NYSE">KREF</a>) shares dipped 14.3% to $10.09 following fourth-quarter results.</li>
<li>Alpha and Omega Semiconductor Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aosl#NASDAQ">AOSL</a>) fell 14.1% to $22.11. The company reported second-quarter financial results and issued revenue guidance.</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) shares declined 12.8% to $3.6599. Fitch downgraded NYCB&rsquo;s long-term credit rating to one notch above non-investment grade at BBB-. Moody&rsquo;s downgraded NYCB&#39;s debt rating from Baa3 to Ba2.</li>
<li>Viasat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vsat#NASDAQ">VSAT</a>) fell 12.7% to $19.88 after the company reported quarerly financial results.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) shares declined 12.2% to $14.88 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Vestis Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsts#NYSE">VSTS</a>) fell 10.2% to $20.03 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Rekor Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rekr#NASDAQ">REKR</a>) fell 9.5% to $2.7150 after the company announced the launch of a proposed follow-on public offering of common stock.</li>
<li>Berry Global Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bery#NYSE">BERY</a>) fell 9.2% to $58.35 after the company reported below-consensus first-quarter FY24 results and disclosed a deal for a tax-free spin-off and merger of Berry&#39;s Health.</li>
<li>Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>) declined 8.3% to $7.49.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) fell 6.6% to $0.5790 after surging 77% on Tuesday.</li>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36983037/mckesson-earnings-are-imminent-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate"> McKesson Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>

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Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Perion Network Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) shares are trading lower on Wednesday in the premarket session as the full-year<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">&nbsp;2024 forecast fell short of estimates.</a>
The company reported fourth-quarter revenues of $234.23 million, up 12% year over year. Revenues beat&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b36975572/perions-diversification-strategy-continues-to-drive-strong-performance-as-company-achieves-quarter" rel="noreferrer noopener">Wall Street&#8217;s estimate of $233.08 million.</a>
Average Daily Searches increased by 37% year-over-year to 30.2 million in the quarter under review. The number of Search Advertising publishers increased by 4% year-over-year.
Retail Media revenue increased 196% year-over-year to $20.2 million. CTV revenue increased 69% year-over-year to $14.4 million.
Video revenue decreased 33% year-over-year, driven by shifting inventory from video to display to gain higher profit.
The company reported fourth-quarter adjusted EPS of $1.04,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of 82 cents.</a>
Operating cash flow in the fourth quarter of 2023 was $50.2 million, a 32% increase from the year-ago period.
As of December 31, 2023, cash and cash equivalents, short-term bank deposits and marketable securities amounted to $472.7 million.
Outlook:&nbsp;For FY24, the company expects revenue of $860 million-$880 million (estimate: $887.17 million) and adjusted EBITDA of $178 million-$182 million.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/36975296/whats-going-on-with-nio-shares-today" rel="noreferrer noopener">What&#8217;s Going On With NIO Shares Today?</a>
Price Action:&nbsp;PERI shares are trading lower by 12.15% to $25.89 in the premarket session on Wednesday.

Why Is Perion Network Stock Slumping Today?

In a report released yesterday, Mark Kelley from Stifel Nicolaus maintained a Hold rating on Perion Network (PERI – Research Report), with a price ...

Perion Network (PERI) Receives a Rating Update from a Top Analyst

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THE LAWSUIT: A class action securities lawsuit was filed against Perion Network Ltd. (PERI) that seeks to recover losses of Perion Network sharehol...

Investors in Perion Network Ltd. Should Contact Levi & Korsinsky LLP Before June 17, 2024 to Discuss Your Rights – PERI

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Finding opportunities that have the potential to yield large profits is crucial. Here are three exciting opportunities in the speculative stock market, all well-positioned to profit from expanding industries and spur considerable development.



Initially, the first one&rsquo;s explosive growth in total banking volume (TBV) indicates its supremacy in financial technology. With a wide range of cutting-edge services, including bill payment, credit underwriting, and PIX, the firm has become a top financial platform for consumers and companies alike. In the meantime, the second one makes a strong case for investment, given its debt-free condition and stable revenue growth in 2023. The growing need for next-generation telecom infrastructure ideally aligns with the company&rsquo;s strategic focus on 5G monitoring solutions.



Finally, the third company&rsquo;s substantial increase in connected TV (CTV) revenue demonstrates the effectiveness of its diversification plan. It is bolstering its position in search advertising while leveraging the expanding CTV advertising market. 



Explore these opportunities, examining market demand, evolving consumer preferences, and technological advancements.



<h2>PagSeguro (PAGS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/pags1600-300x169.jpg" alt="UOL Pagseguro credit and debit card machine called Minizinha."><div>Source: rafastockbr / Shutterstock.com</div></div>Total Banking Volume at PagSeguro (NYSE:<a href="https://investorplace.com/stock-quotes/pags-stock-quote/">PAGS</a>) has climbed considerably, indicating that more customers are using the company&rsquo;s financial services. For instance, PagSeguro&rsquo;s TBV hit&nbsp;<a href="https://api.mziq.com/mzfilemanager/v2/d/d1c190f7-52c1-4663-aa9f-0e0141aa5e3c/08d5ed90-a829-39c1-392c-0fdea6891886?origin=1" target="_blank">R$166.9 billion</a>&nbsp;in Q4 2023. By comparison, this is a considerable rise of 45.4% year-over-year (YoY) against Q4 2022. Increased customer interaction with PagSeguro&rsquo;s financial services, including PIX, bill payment, mobile top-up, card spending, and credit underwriting, is the main factor driving the development of TBV.&nbsp;



Additionally, PagSeguro&rsquo;s focus on enhancing its banking offerings, such as the&nbsp;launch of new features for small and medium-sized businesses (SMBs) and improvements in the investment platform for consumers, has further stimulated client engagement and contributed to TBV growth. 



Moreover, PagSeguro has expanded its payment services considerably. The company is catering to various merchant segments and driving growth in total payment volume (TPV). In Q4, PagSeguro&rsquo;s TPV reached R$113.7 billion, which&nbsp;represents a considerable increase of +20.6% compared to Q4 2022.



Overall, the growth in TPV underscores PagSeguro&rsquo;s ability to expand its payment services and capture a larger share of electronic transactions in the market.



<h2>Radcom (RDCM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/telecom1600d-300x169.jpg" alt="a concept image of telecommunications featuring several symbols connected over a city. telecom stocks to sell"><div>Source: Shutterstock</div></div>In 2023, Radcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdcm-stock-quote/">RDCM</a>) reached a noteworthy sales milestone of <a href="https://radcom.com/wp-content/uploads/2024/01/RADCOM-Delivers-Strong-Fourth-Quarter-and-Record-Full-Year-2023-Results-with-Revenue-Growth-and-Accelerated-Profitability.pdf" target="_blank">$51.6 million</a>, indicating a 12% increase over the previous year. This accomplishment highlights the business&rsquo;s capacity to increase its top line and gain a&nbsp;bigger&nbsp;market share. Radcom&rsquo;s&nbsp;robust&nbsp;business performance and strategy execution are further highlighted by the company&rsquo;s constant revenue increase over the previous four years.



Furthermore, the fact that&nbsp;Radcom is debt-free&nbsp;is a crucial component of its financial health under the Fed&rsquo;s higher-for-longer stance. Radcom can devote more resources to growth prospects, research, and returns because it has no debt on its balance sheet and is, therefore, free from interest and debt commitments. Additionally, having no debt improves Radcom&rsquo;s creditworthiness and lowers its financial risk.



By improving its 5G assurance solutions, Radcom is strategically positioned to address the increasing need for 5G standalone monitoring. The continual acquisition of new products, including the&nbsp;<a href="https://finance.yahoo.com/news/radcom-ltd-nasdaq-rdcm-q4-142400466.html" target="_blank">RADCOM Virtual Drive Test</a>, highlights Radcom&rsquo;s proactive effort toward portfolio diversification and product innovation. 



To sum up, through these calculated purchases, Radcom has strengthened the scope of its solution offerings and penetrated new market niches. Thus, Radcom expands its client base and solidifies its market valuation.



<h2>Perion (PERI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/peri-stock-1-300x169.jpg" alt="peri stock: the Perion logo on the side of a building"><div>Source: photobyphm / Shutterstock.com</div></div>The top-line growth trajectory of CTV highlights Perion&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/peri-stock-quote/">PERI</a>) achievement of revenue stream diversification. For instance, CTV revenue uplifted from $8.5 million in Q4 2022 to&nbsp;<a href="https://wp-cdn.perion.com/wp-content/uploads/2024/02/07111220/Perion-PR-Q4-and-FY2023-Results-Final-020724.pdf" target="_blank">$14.4 million in Q4 2023</a>, a 69% YoY gain. Furthermore, CTV revenue has boosted from 7% to 12% of display advertising revenue over 2023.&nbsp;This&nbsp;reflects the company&rsquo;s rapid growth and market&nbsp;<a href="https://wp-cdn.perion.com/wp-content/uploads/2024/02/08212245/Final-Perion-Q4-2023-Earnings-webcast-script.pdf" target="_blank">penetration in the CTV advertising</a>&nbsp;sector.&nbsp;



Moreover, the correlation between the earnings from display advertisements and CTV shows how strategically Perion has invested in new digital platforms. Perion may capitalize on this rapidly expanding market by diversifying its income sources and taking advantage of the explosive rise of CTV advertising.&nbsp;



Although Perion has seen solid growth in retail media and CTV, search advertising continues to be a considerable source of revenue. Specifically, revenue from search advertising&nbsp;was boosted by 33% YoY, from $86.1 million in Q4 2022 to $114.4 million in Q4 2023. Perion&rsquo;s search advertising solutions are also in demand, illustrated by the 37% YoY rise in average daily searches.&nbsp;



To sum up, Perion can secure high-intent advertising leads, which is reflected&nbsp;in the correlation between search advertising income and user engagement metrics.&nbsp;



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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