Chardan Capital Markets Sees Mixed Q4:14 Results And Q1:15 Guidance For Perion Network Ltd

In a report published Monday, Chardan Capital Markets analyst Jay Srivatsa reiterated a Neutral rating and $5.00 price target on Perion Network Ltd. (NASDAQ: PERI).

In the report, Chardan Capital Markets noted, "PERI reported Q4:14 revenues of $78.7 million and non-GAAP EPS of $0.27 above Street consensus estimates of $72.3 million and $0.14 respectively. Gross margins declined by 70 bps sequentially to 90.7%. The company finished FY:14 with $394 million in revenues and $102 million in net income inline with its revenue guidance range of $380 - $420 million in revenues, and above net income guidance of $90 - $95 million."

Perion Network Ltd. closed on Friday at $3.40.