NEW YORK, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of New Relic, Inc. (“New Relic” of “the Company”) (NEWR) concerning possible violations of federal securities laws.
On August 6, 2019, the Company 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.
On this news, the Company’s stock fell over 28%, to close at $59.78 on August 7, 2019. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171