New Relic, Inc. (NYSE: EWR) Investor Investigation Concerning Potential Securities Laws Violations Announced

Investors who purchased shares of New Relic, Inc. (NNYSE: EWR), have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
New Relic
Affected Securities: 
NYSE: EWR

An investigation on behalf of investors of New Relic, Inc. (NYSE: EWR) shares over potential securities laws violations by New Relic, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

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.