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Stock impact report

Class Action Lawsuit Filed on Behalf of Perion Network Ltd. (PERI) Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to...

Perion Network Ltd - Ordinary Shares (PERI) 
Last perion network ltd - ordinary shares earnings: 2/12 02:30 am Check Earnings Report
US:NASDAQ Investor Relations: perion.com/ir-info
Company Research Source: GlobeNewswire
ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s search advertising business and related financial results, growth, and prospects, including allegations that: (1) Perion’s search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion’s long-term relationship with Microsoft and search services agreement would not provide stability for Perion’s search advertising business; (3) there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of Perion while the search services agreement was in place; and (4) Perion’s AI technology and Microsoft’s investment in ChatGPT would not protect or grow Per Show less Read more
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