This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Perion, Apple, Facebook: Tech Premarket

NEW YORK ( TheStreet) -- Perion Network (PERI - Get Report) was a big gainer in premarket trading on Tuesday after the company delivered a better-than expected revenue estimate and bullish guidance.

In a statement, the Internet application specialist said that 2012 fiscal fourth-quarter revenue is expected to reach a record $21 million, more than double the prior year's quarter. This will bring Perion's total non-GAAP revenue for 2012 to $61 million, a 64% increase on the prior year. The $61 million figure also exceeds the firm's updated guidance of $55 million.

For fiscal 2013, Perion expects revenue to exceed $110 million.

Investors welcomed the numbers, pushing Perion shares up 18.31% to $11.18 before market open. The Israeli firm was also one of the most active premarket Nasdaq stocks on share volume of 174,470.

Perion intends to report final 2012 financial results at the beginning of March.

Apple (AAPL - Get Report) was another premarket winner on Tuesday, rising 1.16% to $530 on share volume of 96,062.

Social networking phenomenon Facebook (FB - Get Report) was a more modest gainer, rising 0.47% to $29.56 on share volume of 226,746.

Shares of satellite radio giant Sirius XM (SIRI - Get Report), however, dipped 0.33% to $3.07 on share volume of 313,193, while Vodafone (VOD) fell 0.79% to $26.33 on share volume of 379,473.

HP (HPQ - Get Report), which announced a host of new products at CES on Monday, gained 0.26% to reach $15.21.

Intel (INTC - Get Report), which was also busy at CES, rose 0.24% to $21.30.

Get the latest news coming out of CES with TheStreet's live blog:

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
PERI $3.34 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
HPQ $31.49 0.00%
INTC $32.00 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs