Security Investigation

Perion Network Ltd. (NasdaqGS: PERI)

24 Days left to seek lead plaintiff status.

Company Name:Perion Network Ltd
Stock Symbol:NasdaqGS: PERI
Court:Southern District of New York
Class Period Start:02/09/2021
Class Period End (inclusive):04/05/2024
Filing Deadline:06/17/2024

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff applications in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI).

Perion and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On April 8, 2024, the Company, whose most significant search partner and largest source of revenue is Microsoft, disclosed reduced revenue and adjusted EBITDA expectations for Q1 2024, as well as reduced full-year 2024 guidance to revenue of only $590 million to $610 million (down 19% year over year, from an original range of $860 million to $880 million, or growth of 17% year over year), due to changes to Microsoft Bing’s search advertising pricing and mechanisms.

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

If you purchased shares of Perion and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

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

Click here to read the first filed complaint.