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New Relic, Inc.

Company NameNew Relic, Inc.
Stock SymbolNEWR

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.

 

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