SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Perion Network Ltd. - PERI

Core Viewpoint - A class action lawsuit has been filed against Perion Network Ltd. concerning allegations of securities fraud and unlawful business practices [2]. Financial Performance - Perion reported a decline in search advertising activity in Q1 2024, attributed to changes in advertising pricing and mechanisms by Microsoft Bing [2]. - The company revised its full-year 2024 revenue guidance to a range of $590 million to $610 million, down from the previous guidance of $860 million to $880 million [2]. Stock Market Reaction - Following the announcement of the financial results and guidance revision, Perion's stock price fell by $8.61 per share, approximately 40%, closing at $12.50 per share on April 8, 2024 [3].