Investor Alert: Perion Network Ltd. Subject to Class Action Lawsuit

SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- Investors are being notified that a class action lawsuit has been filed targeting Perion Network Ltd. PERI in relation to certain legal rights and claims. The lawsuit represents all individuals and entities that have purchased or acquired common stock of Perion Network Ltd. during the time frame of February 9, 2021, to April 5, 2024. This legal action has arisen due to potential violations of federal securities laws.

Background of Perion Network Ltd.

Perion Network Ltd. is an international advertiser that extends its services to brands, agencies, and publishers, with its headquarters located in Holon, Israel. It is engaged in a variety of advertising solutions across North America, Europe, and other global territories.

Microsoft Corporation Introduction

Microsoft Corporation MSFT, an established powerhouse within the global technology sector, is recognized for its substantial array of computer software, consumer electronics, personal computers, and related services. It holds a significant reputation for its major software products which includes the Microsoft Windows operating systems, the Microsoft Office suite, as well as the Internet Explorer and Edge web browsers. In addition, Microsoft is known for its notable hardware products, specifically the Xbox video game consoles and the Microsoft Surface range of touchscreen personal devices. With its substantial stature, Microsoft stood at No. 21 in the 2020 Fortune 500 rankings of the largest U.S. corporations by revenue. Moreover, it was proclaimed the world's largest software maker by revenue as of 2016 and plays a central role in the Big Five of the U.S. information technology industry.

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