Perficient and Dallas Mavericks Expand Partnership

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Perficient Stock Intrinsic Value – Perficient ($NASDAQ:PRFT), a leading digital transformation consulting firm, has announced a multi-year expansion of its partnership with the Dallas Mavericks NBA franchise. Under terms of the agreement, Perficient will receive a variety of marketing and corporate engagement benefits, including courtside and digital signage and client hospitality amenities. In addition to its relationship with the Mavericks, Perficient is again collaborating with team owner Mark Cuban and his Foundation to host Artificial Intelligence Bootcamps for high school students in the Dallas and Houston regions.

These bootcamps will provide students with an introduction to AI and its potential applications, with a focus on how the technology can be used to solve real-world problems. The expanded partnership with the Mavericks is part of Perficient’s ongoing commitment to supporting the growth of the Dallas-Fort Worth region. The company has been a longtime supporter of the region’s education and workforce initiatives, and the expanded partnership will allow Perficient to reach even more students and professionals in the area.

Price History

Perficient and the Dallas Mavericks have announced an expansion of their partnership. This expanded partnership will include the Mavericks working with Perficient to develop innovative new technology solutions. The Mavericks will also be using Perficient’s Digital Experience Platform to create a better experience for fans. The news of this expanded partnership has been met with mostly positive sentiment. On Monday, PERFICIENT stock opened at $67.0 and closed at $66.2, down by 0.7% from the prior closing price of 66.7.

Despite the slight dip in stock prices, many investors and analysts are bullish on the future of the partnership between Perficient and the Mavericks. The partnership between Perficient and the Mavericks is just one example of how sports teams are partnering with technology companies to create better experiences for fans. As technology continues to evolve, it is likely that we will see even more innovative solutions being developed in the sports world.

VI Analysis – Perficient Stock Intrinsic Value

Perficient’s professionals serve clients from a network of offices across North America and offshore locations in India and China. Perficient helps clients use digital technologies to achieve their desired business outcomes and competitive advantage. The company’s fundamental analysis reflects its long term potential.

The intrinsic value of Perficient’s shares is around $85.6, calculated by VI Line. Now, Perficient’s stock is traded at $66.2, undervalued by 23%.

Summary

The expanded partnership now designates Perficient as the organization’s first-ever Official Digital Transformation Partner, a designation that will enable Perficient to help the Mavericks drive business value and operational efficiencies through technology solutions. “We’re thrilled to be expanding our relationship with the Dallas Mavericks,” said Jeff Davis, chief executive officer, Perficient. “This expanded partnership will allow us to showcase our digital expertise in a truly unique way and further solidifies our position as a go-to digital transformation partner for the world’s most respected brands.” The expanded partnership with the Mavericks builds on an existing relationship between the two organizations. The new site, which was built on Adobe Experience Manager, delivered a more personalized and intuitive experience for fans, while also providing the Mavericks with actionable insights to help drive decision making. “We’re excited to expand our partnership with Perficient and leverage their digital expertise to help us drive even more value for our organization,” said Cynt Marshall, chief executive officer, Dallas Mavericks. “As we continue to invest in technology to improve the fan experience and drive business efficiencies, we’re confident that Perficient is the right partner to help us achieve our goals.” As part of the expanded partnership, Perficient will have a significant presence at the American Airlines Center, the Mavericks’ home arena, including branding on the center hung scoreboard, courtside signage, and in-game features and content.

In addition, Perficient will have exclusive access to Mavericks’ data and analytics, which will be used to help drive business value and operational efficiencies for the organization.