Why Perion Network Stock Was Sliding Today

Shares of Perion Network (PERI -16.58%), the adtech company known for its intelligent hub that connects ad buyers and sellers, were falling Wednesday morning after it offered disappointing guidance in its fourth-quarter earnings report.As of 11 a.m. ET, the stock was down by 16.3%. Perion continues to executePerion's actual fourth-quarter results were solid, and the company topped analyst expectations.Overall revenue rose 12% to $234.2 million, which was slightly ahead of the consensus of$233.1 million. Gr ...