An investigation for investors in New Relic, Inc. (NYSE: EWR) shares over potential securities laws violations by New Relic, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/23/2019 -- An investigation was announced concerning potential securities laws violations by New Relic, Inc. in connection with certain financial statements.
Investors who purchased shares of New Relic, Inc. (NNYSE: EWR), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by New Relic, Inc. (NYSE: EWR regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based New Relic, Inc., a software-as-a-service company, provides various digital products worldwide. New Relic, Inc. reported that its Total Revenue rose from $355.05 million for the 12 months period that ended on March 31, 2018 to $479.22 million for the 12 months period that ended on March 31, 2019 and that its Net Loss declined from $45.32 million to $40.89 million over those time periods. On August 6, 2019, New Relic, Inc released its first quarter 2020 financial results, reporting GAAP loss from operations of $16.9 million, compared to $3.6 million for the first quarter of fiscal 2019.
Shares of New Relic, Inc. (NYSE: EWR) declined from $96.25 per share on August 1, 2019 to $50.00 per share on September 16, 2019.
Those who purchased shares of New Relic, Inc. (NYSE: EWR) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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