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Why Perion Network Stock Gained 20% in November

TheMotleyFool

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Why Perion Network Stock Gained 20% in November: https://g.foolcdn.com/editorial/images/711899/ad-tech-woman-looking-at-screen.jpg

Shares of Perion Network (NASDAQ: PERI) surged last month after the adtech company posted better-than-expected results in its third-quarter earnings report, and raised its guidance at a time when much of the digital advertising industry is struggling.

According to data from S&P Global Market Intelligence, Perion finished the month up 20%. As you can see from the chart below, its earnings report on Nov. 9 sparked a rally that gave the stock most of its gains for the month.