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Why New Relic Is Falling Today

TheMotleyFool

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Why New Relic Is Falling TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

In response to announcement of management changes and lowering of its full-year revenue guidance, shares of New Relic (NYSE: NEWR), a software maker that focuses on application performance management, fell 11% as of 10:51 a.m. EDT on Monday.

Here are the key details that were announced today:

Image source: Getty Images.

Source Fool.com

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