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Why Perion Network Stock Plunged Today

TheMotleyFool

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Why Perion Network Stock Plunged Today: https://g.foolcdn.com/editorial/images/780176/guy-on-computer-and-smartphone-social-media.jpg

Shares of Perion Network (NASDAQ: PERI) were tanking today after the company's relationship with Microsoft took another step back, crushing a key source of revenue for the ad tech company.

As a result, Perion slashed its revenue guidance again, following a guidance cut for the same reason, and the stock was down 28.4% as of 11:15 a.m. ET on Monday.

Image source: Getty Images.

Source Fool.com

Microsoft Corp. Stock

Microsoft Corp. gained 0.220% compared to yesterday.
The stock is one of the favorites of our community with 115 Buy predictions and 3 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 10.55% for Microsoft Corp. compared to the current price of 385.35 €.

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