10 AI Stocks Making Waves on Wall Street

8. Perion Network Ltd. (NASDAQ:PERI)

Number of Hedge Fund Holders: 21

Perion Network Ltd. (NASDAQ:PERI) is a global technology company that offers digital advertising solutions for brands, agencies, and publishers globally. On February 3^rd, the company announced the launch of its “Perion One” strategy, unifying all its brands and technologies into one advanced platform named “Perion One”. The Perion One transformation will integrate artificial intelligence technology to simplify modern advertising and optimize the company’s cost structure. Customers will be offered an all-in-one solution to gain benefits such as greater customer retention, longer duration contracts, an increase in large-scale customers, increased recurring revenue per customer, as well as a more efficient business structure.

“Perion One represents a significant transformation for our company, which will unify our diversified brands and advanced technologies into one leading platform. Chief Marketing Officers (CMOs) and their marketing teams need seamless, nimble, and comprehensive solutions that can connect the dots across the media ecosystem, empowering them to deploy advertising dollars with confidence and report on actual impact – Perion One will be that solution. Perion’s growth is rooted in innovation – from the strength of our technological capabilities to our acquisitions of market-leading technologies. With Perion One, our customers will have access to the full breadth of our capabilities in one platform, and our sales leaders can reach markets with pre-existing relationships. Our new journey is just beginning, and we believe we will become a premier solutions provider in our industry, which will help us drive long-term value for all our stakeholders”.

– Tal Jacobson, Perion’s CEO.