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How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NYSE:NEWR

New Relic (NEWR) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$86.97
$87.01
50-Day Range
$85.43
$86.99
52-Week Range
$50.30
$87.01
Volume
4.22 million shs
Average Volume
1.04 million shs
Market Capitalization
$6.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$85.67

New Relic MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.5% Downside
$85.67 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.32mentions of New Relic in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.71) to ($0.40) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.43 out of 5 stars

Computer And Technology Sector

574th out of 602 stocks

Prepackaged Software Industry

197th out of 205 stocks

NEWR stock logo

About New Relic Stock (NYSE:NEWR)

New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based platform, which enables users to collect, store, and analyze telemetry data. The company's platform also provides New Relic Instant Observability, an open-source ecosystem of quickstarts that delivers pre-built integrations, dashboards, and alerts for approximately 450 technologies and frameworks; and supports custom app development through common open-source frameworks, a library of existing applications, and a development environment. It sells its products through direct sales organizations, and online and offline sales in the United States and internationally. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California.

NEWR Stock News Headlines

Make This $3 Trade the Instant the Opening Bell Rings
Since the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…
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Make This $3 Trade the Instant the Opening Bell Rings
Since the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…
Forest
See More Headlines
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Company Calendar

Last Earnings
10/27/2023
Today
3/18/2024
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
2,663
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$85.67
High Stock Price Target
$87.00
Low Stock Price Target
$75.00
Potential Upside/Downside
-1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$-180,250,000.00
Pretax Margin
-12.73%

Debt

Sales & Book Value

Annual Sales
$925.63 million
Book Value
$5.46 per share

Miscellaneous

Free Float
54,688,000
Market Cap
$6.18 billion
Optionable
Optionable
Beta
0.84
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NEWR Stock Analysis - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 10 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NEWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWR, but not buy additional shares or sell existing shares.
View NEWR analyst ratings
or view top-rated stocks.

What is New Relic's stock price target for 2024?

10 analysts have issued 1 year price targets for New Relic's shares. Their NEWR share price targets range from $75.00 to $87.00. On average, they expect the company's stock price to reach $85.67 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for NEWR
or view top-rated stocks among Wall Street analysts.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) issued its quarterly earnings results on Friday, October, 27th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The software maker had revenue of $242.80 million for the quarter, compared to the consensus estimate of $250.58 million. New Relic had a negative trailing twelve-month return on equity of 12.82% and a negative net margin of 14.92%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share.

What is Lew Cirne's approval rating as New Relic's CEO?

441 employees have rated New Relic Chief Executive Officer Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among the company's employees.

What other stocks do shareholders of New Relic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Relic investors own include NVIDIA (NVDA), Adobe (ADBE), Block (SQ), PayPal (PYPL), Okta (OKTA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Trade Desk (TTD) and Walt Disney (DIS).

When did New Relic IPO?

(NEWR) raised $95 million in an IPO on Friday, December 12th 2014. The company issued 5,000,000 shares at a price of $18.00-$20.00 per share. Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.

Who are New Relic's major shareholders?

New Relic's stock is owned by a number of institutional and retail investors. Top institutional shareholders include GTS Securities LLC (0.00%), Parallax Volatility Advisers L.P. (0.00%), Citadel Advisors LLC (0.00%), Concourse Financial Group Securities Inc. (0.00%) and Simplex Trading LLC (0.00%). Insiders that own company stock include David Barter, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Dodds, Mark Sachleben, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd, Thomas J Lloyd and William Staples.
View institutional ownership trends
.

This page (NYSE:NEWR) was last updated on 3/18/2024 by MarketBeat.com Staff

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