PERION NETWORK SHAREHOLDER WARNING: APPLICANTS REMINDED

NEW ORLEANS, May 8, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they still have time June 17, 2024 to file lead plaintiff motions in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI) if you purchased or otherwise acquired the Company’s shares between February 9, 2021 and April 5, 2024 (including the “Class Period”). . This lawsuit is pending in the U.S. District Court for the Southern District of New York.

get help

Perion investors should visit us at https://claimsfiler.com/cases/nasdaq-peri/ or call toll free (844) 367-9658. The attorneys at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the lawsuit

Perion and certain of its executives are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.

On April 8, 2024, the company, whose primary search partner and largest source of revenue is Microsoft, announced lower revenue and adjusted EBITDA expectations for the first quarter of 2024 and reduced its full-year 2024 guidance to revenue of just $590 million to $610 million -$ million (decrease of 19% year-over-year, from initial $860 million to $880 million, or growth of 17% year-over-year), due to changes to Microsoft Bing’s search advertising pricing and mechanics.

On this news, the price of Perion shares fell $8.61 per share, or approximately 40%, on April 8, 2024.

The case is Beisner v. Perion Network Ltd., et al., 24-cv-02860.

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ClaimsFiler has a single mission: to serve as a resource to help retail investors recover their share of billions of dollars in securities class action lawsuits. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class actions so that they can file their own claims in a timely manner; (2) upload their portfolio transaction data to be notified of relevant securities cases in which they may have a financial interest; and (3) direct inquiries to the law firm of Kahn Swick & Foti, LLC for free case evaluations.

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