This small cap has exponential potential

Find out why this stock is outperforming the competition                                                                                                                                                                                                                                                                                                                                                                                                                 [banner] Today I'd like to bring to your attention not only one of the strongest small caps, but one of the strongest stocks of 2023. The company is [Perion Network]((Nasdaq: PERI) PERI provides digital advertising solutions to brands, agencies and publishers in North America and Internationally. Here is a good recent article about it from the Now while most other tech stocks and ad tech stocks like The Trade Desk (TTD) sold off in 2022, PERI stock price actually gained on the year. And this year, it has been an outperformer, while other stocks are trying to make up ground still way off 2022 highs, PERI just recently made new 52-week highs. [As digital advertising demand slows](, with brands looking to cut costs and laying off workers with a possible recession around the corner, that has had little effect on PERI’s revenue and stock price. [PERI chart] 5 year price chart of PERI plus Revenue and EBITDA source: Koyfin As we can see from the red graph above, PERI had record revenue last year. Sales increased by 34% year-over-year. The yellow line represents [EBITDA](, as earnings before interest, taxes depreciation and amortization also hit record highs. In 2022 net income for PERI grew by 156% to $99 million year over year. So while the growth in most growth stocks slowed leading to a capitulation in stock price, PERI is growing its earnings more than ever before showing that its business is growing while competitors are floundering in this environment. The key has been the popularity of its intelligent hub, which connects ad buyers and sellers and optimizes spending for brands and inventory for publishers. As companies look to cut costs, PERI is helping brands get the most out of their cost of sales. Another thing I love about this stock is that PERI is an artificial intelligence play. PERI has a partnership with Microsoft’s Bing search engine . As more and more consumers switch from Google to Bing with its new ChatGPT-powered search feature, investors are calculating that Bing might be able to gain significant market share, which could lead to PERI’s profits growing much more than expected. [peri chart] PERI 2 year price chart PERI is in a strong uptrend, in fact it is one of the strongest stocks in the entire market right now. It has record revenue and net income growth so the fundamentals are stronger than ever and the stock is relatively strong compared to its peers. Not only that but PERI has exponential added growth potential with its partnership with Microsoft and Bing. Those figures will be evident for the first time in PERI’s earnings announcement for Q1 on May 3. Given ChatGPT’s popularity since the new year and the increased usage of Bing I would not be surprised if PERI blows earnings out of the water and continues its big run for the rest of the year. Good luck, and happy trading! [jeff sig] DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at . FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. 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