NYSE:NEWR

New Relic Stock Forecast, Price & News

$69.08
-1.29 (-1.83 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$68.76
$70.22
50-Day Range
$61.02
$71.64
52-Week Range
$51.52
$81.10
Volume292,421 shs
Average Volume320,837 shs
Market Capitalization$4.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.86
30 days | 90 days | 365 days | Advanced Chart
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New Relic logo

About New Relic

New Relic, Inc., a software-as-a-service company, provides platform for engineers to plan, build, deploy, and operate software worldwide. It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software. The company also provides prebuilt dashboards and visualizations, as well as the ability to search across data types, create customized dashboards, and build applications that can be shared and customized by other users. In addition, it offers customers with software code to add to their applications and infrastructure; open data application performance interfaces, and software development kits, as well as open source connectors and technologies for customers, partners, and third-party developers to extend its platform into their products; cloud-based architecture and big data database; and New Relic Application Performance Monitoring, Mobile, Browser, Synthetics, Infrastructure, and Insights products for analyzing data. Further, the company provides New Relic chart builder, dashboards, and programmability features that allow customers to use connected data to build visuals; New Relic Applied Intelligence to spot abnormal behavior across billions of pieces of data; and New Relic Alerts, which provides a centralized notification system. It sells its products through direct sales organizations, and online and offline sales. The company was founded in 2007 and is headquartered in San Francisco, California.

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MarketRank

Overall MarketRank

1.56 out of 5 stars

Computer And Technology Sector

552nd out of 1,650 stocks

Prepackaged Software Industry

150th out of 341 stocks

Analyst Opinion: 1.1Community Rank: 3.6Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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New Relic (NYSE:NEWR) Frequently Asked Questions

Is New Relic a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" New Relic stock. 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 analyst ratings for New Relic
or view top-rated stocks.

What stocks does MarketBeat like better than New Relic?

Wall Street analysts have given New Relic a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Relic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Relic?

New Relic saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,990,000 shares, a decrease of 31.5% from the May 31st total of 7,280,000 shares. Based on an average trading volume of 689,900 shares, the short-interest ratio is presently 7.2 days. Currently, 9.0% of the shares of the stock are sold short.
View New Relic's Short Interest
.

When is New Relic's next earnings date?

New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for New Relic
.

How can I listen to New Relic's earnings call?

New Relic will be holding an earnings conference call on Tuesday, August 3rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10158237".

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) released its quarterly earnings data on Thursday, May, 13th. The software maker reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.19. The software maker earned $172.67 million during the quarter, compared to the consensus estimate of $166.60 million. New Relic had a negative trailing twelve-month return on equity of 39.09% and a negative net margin of 28.85%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS.
View New Relic's earnings history
.

How has New Relic's stock been impacted by COVID-19 (Coronavirus)?

New Relic's stock was trading at $45.05 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NEWR stock has increased by 53.3% and is now trading at $69.08.
View which stocks have been most impacted by COVID-19
.

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

New Relic updated its FY 2022 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $-0.830--0.800 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.510. The company issued revenue guidance of $709 million-711 million, compared to the consensus revenue estimate of $661.91 million.

What price target have analysts set for NEWR?

13 equities research analysts have issued 12-month price objectives for New Relic's shares. Their forecasts range from $55.00 to $85.00. On average, they anticipate New Relic's stock price to reach $67.89 in the next year. This suggests that the stock has a possible downside of 1.7%.
View analysts' price targets for New Relic
or view top-rated stocks among Wall Street analysts.

Who are New Relic's key executives?

New Relic's management team includes the following people:
  • Mr. Lewis Cirne, Founder & Exec. Chairman (Age 51, Pay $636.96k)
  • Mr. William Staples, CEO & Director (Age 48, Pay $140.06k)
  • Mr. Mark Sachleben, CFO & Corp. Sec. (Age 56, Pay $505.18k)
  • Mr. Gregory Ouillon, EMEA Field Chief Technology Officer
  • Mr. Peter Goldmacher, VP of Investor Relations
  • Ms. Seema Kumar, Chief Marketing Officer
  • Ms. Kristy Friedrichs, Chief Operating Officer
  • Ms. Bonney A. Pelley, Sr. VP of Bus. Operations
  • Mr. Jay G. Snyder, Exec. VP & Chief Customer Officer (Age 50)
  • Mr. John Siebert, Exec. VP of Sales for Americas

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

441 employees have rated New Relic CEO Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among New Relic's employees.

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), PayPal (PYPL), Okta (OKTA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), The Trade Desk (TTD) and The Walt Disney (DIS).

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.

What is New Relic's stock symbol?

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

Who are New Relic's major shareholders?

New Relic's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (0.04%). Company insiders that own New Relic stock include David J Henshall, Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Michael J Christenson, Steve Hurn and William Staples.
View institutional ownership trends for New Relic
.

Which major investors are selling New Relic stock?

NEWR stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P.. Company insiders that have sold New Relic company stock in the last year include Lewis Cirne, Mark Sachleben, Steve Hurn, and William Staples.
View insider buying and selling activity for New Relic
or view top insider-selling stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Relic's stock price today?

One share of NEWR stock can currently be purchased for approximately $69.08.

How much money does New Relic make?

New Relic has a market capitalization of $4.47 billion and generates $667.65 million in revenue each year. The software maker earns $-192,610,000.00 in net income (profit) each year or ($2.60) on an earnings per share basis.

How many employees does New Relic have?

New Relic employs 2,168 workers across the globe.

What is New Relic's official website?

The official website for New Relic is www.newrelic.com.

Where are New Relic's headquarters?

New Relic is headquartered at 188 Spear Street Suite 1000, San Francisco CA, 94105.

How can I contact New Relic?

New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The software maker can be reached via phone at 650-777-7600 or via email at [email protected]


This page was last updated on 7/31/2021 by MarketBeat.com Staff
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