NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Perion Network Ltd. ("Perion" or the "Company") (NASDAQ:PERI) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Perion securities between February 9, 2021 and April 5, 2024, both dates inclusive (the "Class Period"). Investors have until June 17, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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Perion's most significant search partner and largest source of revenue is Microsoft. The company's agreement with Microsoft accounted for more than one third of Perion's revenue in the each of the last three years. On April 8, 2024, Perion announced preliminary financial results for Q1 ...