Perion Network Ltd.
PERIQUIET ISSUERQUIETPerion Network Ltd. reads as Quiet Issuer (composite 30/100); pressure / disclosure signals dominate the posture this cycle · primary market Marketing & Data.
Lens
Disclosed M&A capital (2023–2025)
$129M
vs $64M in 2020–2022
Disclosed transactions
1
2/3 active fiscal years in window
Buyer archetype
Consistent Strategic Buyer
Meaningful spend appears across repeat years.
Composite score
30
Quiet Issuer dominates · Quiet
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $438M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
Target Probability
Issuers showing target-side patterns from filings
- 18 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 18 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 18 activism filings
- Latest activism 6.4y ago; heavily discounted
Distress Watch
Issuers showing financial-distress filing patterns
- Missing recent 10-Q
- 18 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
Issuers with the highest filing-activity intensity
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $408M
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $102M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 1 | $27M | $27M | N/A |
| 2024 | N/A | $102M | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | $10M | N/A | N/A |
| 2021 | 1 | $35M | $35M | N/A |
| 2020 | 2 | $19M | $10M | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Technology Acquisition20%
- Bolt On20%
- Horizontal Consolidation20%
- Platform20%
- Geographic Expansion20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- technology_acquisition
- bolt_on
- horizontal_consolidation
- platform
- geographic_expansion
- tuck_in
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“The concentration of large companies within the industry and consolidation among participants within the digital advertising market could have a material adverse impact on our business”
“The digital advertising industry has experienced substantial evolution and consolidation in recent years and we expect this trend to continue”
“we may continue to acquire complementary products, technologies or businesses”
“We seek to expand and diversify our supply sources”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Marketing & Data
- Market spend (2023–2025)
- $51.4B
- Market spend (2020–2022)
- $63.5B
- Recent vs prior
- −19%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
PERI trades at a +40.7-turn premium to the Marketing & Data peer median of 22.4×.
- EV / Revenue
- 0.9×
- Net debt / EBITDA
- N/A
- Peer median EV / EBITDA
- 22.4×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
Perion Network Ltd.PERI | 63.1× | 0.9× | N/A | $440M | $129M |
Alphabet Inc.GOOG | 22.4× | 11.6× | -0.2× | $422.6B | $3.2B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Marketing & Data. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)252026-03-16
- 10-Q (quarterly)0N/A
- 8-K (event)0N/A
- Proxy / DEF 14A0N/A
- Activism (13D / DFAN / PREC)182019-12-30
Signals on file
- elevated
Activism on file
2019-12-3018 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.