Why Perion Network Stock Was Climbing Today

Shares of Perion Network (NASDAQ: PERI) were moving higher today after the advertising technology company reported better-than-expected results in its second-quarter earnings release this morning. It also raised its full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance.

As of 11:36 a.m ET, the stock was up 10%.

Perion's primary business is its Intelligent Hub platform, which connects ad buyers and sellers, helping each one efficiently find the right demand and supply.

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Source Fool.com