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New Relic Stock Price, Forecast & Analysis (NYSE:NEWR)

$67.30
+2.05 (+3.14 %)
(As of 11/17/2019 10:16 AM ET)
Today's Range
$65.30
Now: $67.30
$67.71
50-Day Range
$58.65
MA: $62.65
$67.40
52-Week Range
$50.00
Now: $67.30
$109.00
Volume641,687 shs
Average Volume918,202 shs
Market Capitalization$3.96 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.97
New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone650-777-7600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$479.23 million
Cash Flow$0.98 per share
Book Value$6.31 per share

Profitability

Net Income$-40,890,000.00

Miscellaneous

Employees1,774
Market Cap$3.96 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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New Relic (NYSE:NEWR) Frequently Asked Questions

What is New Relic's stock symbol?

New Relic trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWR."

How were New Relic's earnings last quarter?

New Relic Inc (NYSE:NEWR) announced its quarterly earnings results on Tuesday, November, 5th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.39. The software maker earned $145.80 million during the quarter, compared to analyst estimates of $143.43 million. New Relic had a negative return on equity of 8.90% and a negative net margin of 11.26%. New Relic's quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. View New Relic's Earnings History.

When is New Relic's next earnings date?

New Relic is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for New Relic.

What guidance has New Relic issued on next quarter's earnings?

New Relic issued an update on its FY20 earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $0.60-0.67 for the period, compared to the Thomson Reuters consensus estimate of $0.54. The company issued revenue guidance of $588-593 million, compared to the consensus revenue estimate of $589.31 million.

What price target have analysts set for NEWR?

19 brokerages have issued 1-year price objectives for New Relic's stock. Their forecasts range from $52.00 to $120.00. On average, they expect New Relic's stock price to reach $81.94 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for New Relic.

What is the consensus analysts' recommendation for New Relic?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 1 sell rating, 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Relic.

Has New Relic been receiving favorable news coverage?

Media headlines about NEWR stock have been trending extremely negative on Sunday, according to InfoTrie. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Relic earned a news impact score of -4.0 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for New Relic.

Are investors shorting New Relic?

New Relic saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,630,000 shares, a decrease of 6.9% from the September 30th total of 3,900,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 7.4% of the shares of the stock are short sold. View New Relic's Current Options Chain.

Who are some of New Relic's key competitors?

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), Square (SQ), Alibaba Group (BABA), Paypal (PYPL), Activision Blizzard (ATVI), Okta (OKTA), Netflix (NFLX), Shopify (SHOP) and Twilio (TWLO).

Who are New Relic's key executives?

New Relic's management team includes the folowing people:
  • Mr. Lewis Cirne, Founder, CEO & Director (Age 49)
  • Mr. Mark Sachleben, CFO & Corp. Sec. (Age 54)
  • Mr. James R. Gochee, Chief Product Officer (Age 49)
  • Mr. Tony Righetti, Sr. Mang. of Investor Relations
  • Ms. Kristy Friedrichs, Chief People Officer

When did New Relic IPO?

(NEWR) raised $95 million in an initial public offering (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 of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (3.17%), TimesSquare Capital Management LLC (1.04%), Commonwealth Equity Services LLC (0.24%), California Public Employees Retirement System (0.15%), Emerald Advisers LLC (0.13%) and Emerald Mutual Fund Advisers Trust (0.11%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Peter H Fenton and Robin Schulman. View Institutional Ownership Trends for New Relic.

Which institutional investors are selling New Relic stock?

NEWR stock was sold by a variety of institutional investors in the last quarter, including Tygh Capital Management Inc., Tocqueville Asset Management L.P., Bradley Foster & Sargent Inc. CT, Parallel Advisors LLC, Tower Research Capital LLC TRC , Great West Life Assurance Co. Can and Crow Point Partners LLC. Company insiders that have sold New Relic company stock in the last year include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben and Peter H Fenton. View Insider Buying and Selling for New Relic.

Which institutional investors are buying New Relic stock?

NEWR stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, TimesSquare Capital Management LLC, Commonwealth Equity Services LLC, State of New Jersey Common Pension Fund D, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Cohen Capital Management Inc. and California Public Employees Retirement System. View Insider Buying and Selling for New Relic.

How do I buy shares of New Relic?

Shares of NEWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is New Relic's stock price today?

One share of NEWR stock can currently be purchased for approximately $67.30.

How big of a company is New Relic?

New Relic has a market capitalization of $3.96 billion and generates $479.23 million in revenue each year. The software maker earns $-40,890,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis. New Relic employs 1,774 workers across the globe.View Additional Information About New Relic.

What is New Relic's official website?

The official website for New Relic is http://www.newrelic.com/.

How can I contact New Relic?

New Relic's mailing address is 188 Spear Street Suite 1200, San Francisco CA, 94105. The software maker can be reached via phone at 650-777-7600 or via email at [email protected]


MarketBeat Community Rating for New Relic (NYSE NEWR)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  431 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  734
MarketBeat's community ratings are surveys of what our community members think about New Relic and other stocks. Vote "Outperform" if you believe NEWR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEWR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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