Energy News / Shareholders Foundation, Inc.

NYSE: EWR Shareholder Notice: Investigation over Possible Securities Laws Violations by New Relic, Inc.

Via: ReleaseWire

Updated 3:13 PM CDT, Thu, October 03,2019

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) -- 10/03/2019 -- New Relic, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of New Relic, Inc. (NYSE: EWR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of New Relic, Inc. (NYSE: EWR) concerning 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-ewr-shareholder-notice-investigation-over-possible-securities-laws-violations-by-new-relic-inc-1261962.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com