Why Perion Network Stock Gained 20% in November

Shares of Perion Network (NASDAQ: PERI) surged last month after the adtech company posted better-than-expected results in its third-quarter earnings report, and raised its guidance at a time when much of the digital advertising industry is struggling. According to data from S&P Global Market Intelligence, Perion finished the month up 20%. As you can see from the chart below, its earnings report on Nov. 9 sparked a rally that gave the stock most of its gains for the month.