Perion Network

SHAREHOLDER ALERT: Perion Network Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Retrieved on: 
Monday, April 8, 2024
Perion Network, Block & Leviton, Cryptocurrency

BOSTON, April 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Perion Network Ltd. (NASDAQ: PERI) for potential securities law violations.

Key Points: 
  • BOSTON, April 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Perion Network Ltd. (NASDAQ: PERI) for potential securities law violations.
  • Investors who have lost money in their Perion Network Ltd. investment should contact the firm to learn more about how they might recover those losses.
  • On April 8, Perion cut its annual revenue forecast, citing changes made by Microsoft’s Bing search engine.
  • Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Perion Network Ltd. (PERI) on Behalf of Investors

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Perion Network, GPM, News, Person, Pharmaceutical industry

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) investors concerning the Company’s possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) investors concerning the Company’s possible violations of the federal securities laws.
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • On this news, Perion’s stock price fell $8.61, or 40.8%, to close at $12.50 per share on April 8, 2024, thereby injuring investors.
  • Whistleblower Notice: Persons with non-public information regarding Perion should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Perion Network Ltd. (PERI) on Behalf of Investors

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Telephone, Perion Network, Suite, News, Cryptocurrency

Law Offices of Howard G. Smith announces an investigation on behalf of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Perion Network Ltd. (“Perion” or the “Company”) (NASDAQ: PERI ) investors concerning the Company’s possible violations of federal securities laws.
  • 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.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Perion Network Announces Preliminary Q1 2024 Financial Results

Retrieved on: 
Monday, April 8, 2024
Software, Networks, Data Analytics, Finance, Advertising, Communications, Professional Services, Technology, Microsoft Bing, Microsoft, Display, Organization, Growth, Digital, Perion Network, Retail media, DOOH, Search advertising, CTV, RPM, Mobile phone

Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today preliminary financial results for Q1 2024 and updated its full year 2024 guidance.

Key Points: 
  • Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today preliminary financial results for Q1 2024 and updated its full year 2024 guidance.
  • In the first quarter of 2024, Perion experienced a decline in Search Advertising activity, attributable to changes in advertising pricing and mechanisms implemented by Microsoft Bing in its Search Distribution marketplace.
  • These adjustments led to a reduction in Revenue Per Thousand Impressions (RPM) for both Perion and other Microsoft Bing distribution partners.
  • As a result of the Microsoft Bing modifications, Perion expects Q1 2024 revenue and adjusted EBITDA1 of $157 million and $20 million, respectively.

The Law Offices of Frank R. Cruz Announces Investigation of Perion Network Ltd. (PERI) on Behalf of Investors

Retrieved on: 
Monday, April 8, 2024
Class Action Lawsuit, Professional Services, Legal, Perion Network, Suite, Law, News

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.

Key Points: 
  • 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.
  • 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.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Perion Taps into the World’s Largest DOOH Market, Estimated at $5.2B Through a New Partnership with Way.io, its First Domestic DSP in China

Retrieved on: 
Monday, March 11, 2024
Software, Digital Marketing, Networks, Data Analytics, Advertising, Communications, Professional Services, Technology, Season, DSP, Partnership, Perion Network, 1,000,000, Demand-side platform, OOH, DOOH, Digital technology, Baidu, Ali Baba, JD, Vipshop, Publishing

This collaboration marks a significant milestone in leveraging China's position as the largest DOOH market in the world, with a projected market of $5.2B in 2024 , according to Statista.

Key Points: 
  • This collaboration marks a significant milestone in leveraging China's position as the largest DOOH market in the world, with a projected market of $5.2B in 2024 , according to Statista.
  • For the first time, Way.io customers in China can activate programmatic DOOH campaigns both in China and globally via Perion’s Hivestack SSP’s worldwide network of premium DOOH inventory.
  • With the establishment of a global media network, the partnership with Hivestack is a key element of Way.io's global expansion strategy.
  • Working together, we look forward to shaping the future!”
    For more information and market statistics please see post on the company’s website.

Perion Acquires Hivestack, a Leading Global Full-Stack Digital Out-Of-Home (DOOH) Platform

Retrieved on: 
Tuesday, December 12, 2023
Technology, Content Marketing, Advertising, Communications, Software, Digital Marketing, Social Media, Search Engine Optimization, Search Engine Marketing, EBITDA, Dentsu, Acquisition, ROI, WPP plc, Uber, Xandr, Clear channel, Jefferies Group, Growth, LATAM, Tokyo Disney Resort, The Trade Desk, SSP, DOOH, TASE, Cryptocurrency, Sales, Video game, Perion Network

DOOH advertising transforms ordinary public spaces into dynamic experiences, engaging audiences with eye-catching, personalized content in real-time.

Key Points: 
  • DOOH advertising transforms ordinary public spaces into dynamic experiences, engaging audiences with eye-catching, personalized content in real-time.
  • It harnesses cutting-edge technologies to target, deliver and measure unforgettable, immersive ads that connect brands with people on the go.
  • With the acquisition of Hivestack, a programmatic DOOH technology innovator since 2017, Perion is entering an exciting market at its nascent stage, positioning the company to capitalize on its anticipated growth.
  • This global footprint will enable Perion to capitalize on economic trends impacting advertising budgets globally, and offer a variety of solutions in these additional markets.

Perion Appoints CEO Tal Jacobson to its Board of Directors

Retrieved on: 
Wednesday, November 22, 2023
Software, Digital Marketing, Social Media, Search Engine Optimization, Advertising, Specialty, Communications, Technology, Perion Network, TASE, CTV, Television, Management

Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels, including search, social, display, and video/CTV, announced today the appointment of Tal Jacobson, the Company's CEO, to the Board of Directors.

Key Points: 
  • Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels, including search, social, display, and video/CTV, announced today the appointment of Tal Jacobson, the Company's CEO, to the Board of Directors.
  • Tal is replacing former CEO, Doron Gerstel, following a transition and onboarding period.
  • “I am happy to welcome Tal as a member of the Board,” said Eyal Kaplan, Perion’s Chairman of the Board.
  • I look forward to continuing to work with the Board and the company’s management in positioning Perion for future success.”

LSINC to sell in the Middle East through new partnership with PRO TECHnology

Retrieved on: 
Thursday, December 7, 2023
Creativity, UV, PRO, Perion Network, Partnership, 3D printing, MENA

PRO TECHnology, based in Dubai, the United Arab Emirates, will be LSINC's exclusive dealer in the region, selling and servicing the LSINC line of printers that print directly on cylindrical and tapered objects.

Key Points: 
  • PRO TECHnology, based in Dubai, the United Arab Emirates, will be LSINC's exclusive dealer in the region, selling and servicing the LSINC line of printers that print directly on cylindrical and tapered objects.
  • "We set a goal of taking our printers worldwide, and PRO TECHnology is absolutely the partner we want in the MENA region!
  • Jamal Maraqa, Founder and Managing Director of PRO TECHnology, expressed his enthusiasm about the collaboration and the innovative solutions LSINC brings to the table.
  • LSINC and PRO TECHnology will be together presenting the latest in printing technology at FESPA Middle East at the Dubai Exhibition Centre on January 29-31, 2024.

Perion Continues to Deliver Strong Results with 17% Year-Over-Year Increase in Revenue and 29% Growth in Adjusted EBITDA

Retrieved on: 
Wednesday, November 1, 2023
Digital Marketing, Audio, Video, Finance, Artificial Intelligence, Advertising, Communications, Professional Services, Technology, QSR, WAVE, Waveform, Weather, Restaurant, Albertsons, CTV, Human, EBITDA, Digital, Perion Network, Learning, Retail media, Growth, Retail, Travel, TASE, AI, Display, Sales, Television, Video game

“Once again, our business results proved that our strategically diversified model gives us the agility to deliver continued growth,” stated Tal Jacobson, Perion’s CEO.

Key Points: 
  • “Once again, our business results proved that our strategically diversified model gives us the agility to deliver continued growth,” stated Tal Jacobson, Perion’s CEO.
  • “Despite macroeconomic headwinds, our third-quarter year-over-year revenue and adjusted EBITDA increased 17% and 29%, respectively.
  • These results were made possible by the ability to leverage our technological capabilities and focus resources on the strongest industry verticals to achieve top-line profitability and margin expansion.
  • Under our updated methodology, revenue generated from CTV in the third quarter of 2022 was $5.7 million vs. $7.4 million under the previous methodology.