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Glancy Prongay & Murray LLP Announces Investigation on Behalf of New Relic, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of New Relic, Inc. (“New Relic” or the “Company”) (NYSE: NEWR) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

On August 6, 2019, the Company announced first quarter 2020 financial results, reporting revenue of $141 million and non-GAAP earnings per share of $0.19. Moreover, New Relic reported dollar-based net expansion rate of 109%, compared to 118% in the prior year period.

On this news, the Company’s stock fell $23.98 per share, or nearly 29%, to close at $59.78 on August 7, 2019, thereby injuring investors.

If you purchased New Relic securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

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