The Law Offices of Frank R. Cruz Announces Investigation of Perion Network Ltd. (PERI) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Perion Network Ltd. ("Perion" or the "Company") (NASDAQ: PERI) on behalf of investors concerning the Company's possible violations of federal securities laws.
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On April 8, 2024, Perion announced its preliminary financial results for the first quarter of 2024, disclosing that it now expects revenue in the range of $590-$610 million, down from previously expressed expectations of $860-$880 million. The Company attributed the revision to a drop in search advertising pricing due to changes made by Microsoft's Bing search engine.
On this news, Perion's stock price fell as much as 41% during intraday trading on April 8, 2024, thereby injuring investors.
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If you purchased Perion securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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