Perion CEO Says Google Won’t Hit Sales: Israel Overnight
This article is for subscribers only.
Perion Networks Ltd. gained to a record after its chief executive officer said revenue will rise this year even as the Israeli company meets new guidelines set by Google Inc. for use of its search engine in products.
Shares of Tel Aviv-based Perion gained 0.8 percent to a record 46.18 shekels, or the equivalent of $12.35, at the close in Tel Aviv. Trading was 1.3 times the three-month average trading volume. The benchmark TA-25 equities index slipped 0.5 percent to 1,217.76.