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ALERT FOR SHAREHOLDERS OF THE PERION NETWORK BY FORMER LOUISIANA

NEW ORLEANS, May 28, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff motions in a securities class action lawsuit against Perion Network Ltd. (NasdaqGS: PERI) if they purchased or otherwise acquired shares of the Company between February 9, 2021 and April 5, 2024, inclusive (the “Class Period” “). This case is pending in the United States District Court for the Southern District of New York.

What can you do

If you have purchased Perion stock and would like to discuss your rights and the impact of this matter on you and your right to recover economic losses, you may, without obligation or cost, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or email ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-peri/ to learn more. If you wish to serve as lead plaintiff in this class action, you must file a motion with the Court by June 17, 2024.

About the lawsuit

Perion and certain of its officers were charged with failing to disclose material information during the Class Period, in violation of the federal securities laws.

On April 8, 2024, the company, whose top search partner and largest revenue source is Microsoft, revealed reduced revenue and revised EBITDA expectations for the first quarter of 2024, as well as lowered full-year 2024 revenue guidance of just $590 -$610 million (down 19% year-over-year, from the original range of $860 million to $880 million, an increase of 17% year-over-year), due to changes in pricing and advertising mechanisms for Microsoft’s Bing search engines.

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

Here’s the thing Beisner v. Perion Network Ltd. et al., 24-cv-02860.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti Jr., is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in recovering investment losses resulting from corporate fraud or abuse by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, managing partner
[email protected]
1-877-515-1850
street Poydras 1100, apartment 960
New Orleans, LA 70163