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S&P 500   4,164.00
DOW   34,156.69
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The #1 Energy Stock to Buy (Ad)
3 Hot Stocks The Analysts Are Buying 
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Stocks end higher after zig-zagging on Fed chair's comments
Patient Clorox Shareholders Are Cleaning Up
S&P 500   4,164.00
DOW   34,156.69
QQQ   309.88
Two Billionaires Are Rigging the Market. Here’s How to Fight Back
The #1 Energy Stock to Buy (Ad)
3 Hot Stocks The Analysts Are Buying 
Is Biotech Immunocore About To Make A 25% Price Move?
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Why Is Wall Street Loving Amazon So Much? 
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Stocks end higher after zig-zagging on Fed chair's comments
Patient Clorox Shareholders Are Cleaning Up
S&P 500   4,164.00
DOW   34,156.69
QQQ   309.88
Two Billionaires Are Rigging the Market. Here’s How to Fight Back
The #1 Energy Stock to Buy (Ad)
3 Hot Stocks The Analysts Are Buying 
Is Biotech Immunocore About To Make A 25% Price Move?
The #1 Energy Stock to Buy (Ad)
Why Is Wall Street Loving Amazon So Much? 
Want to Invest in ChatGPT? Then Buy Microsoft Stock
The #1 Energy Stock to Buy (Ad)
Stocks end higher after zig-zagging on Fed chair's comments
Patient Clorox Shareholders Are Cleaning Up
NYSE:NEWR

New Relic - NEWR Stock Forecast, Price & News

$64.58
+0.94 (+1.48%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$62.39
$64.84
50-Day Range
$53.77
$66.12
52-Week Range
$41.66
$109.86
Volume
663,456 shs
Average Volume
441,087 shs
Market Capitalization
$4.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$67.54

New Relic MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
4.6% Upside
$67.54 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.63mentions of New Relic in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$36.81 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.17) to ($2.11) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Computer And Technology Sector

297th out of 610 stocks

Prepackaged Software Industry

95th out of 216 stocks

NEWR stock logo

About New Relic (NYSE:NEWR) Stock

New Relic, Inc. engages in the provision of software solutions. It delivers an open and extensible cloud-based platform that enables organizations to collect, store and analyze massive amounts of data in real time to better operate applications and infrastructure. It offers solutions to e-commerce and retail, media, and public sector industries. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.

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NEWR Stock News Headlines

New Relic (NEWR) Q3 Earnings and Revenues Top Estimates
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
William Hill Standardizes on New Relic
New Relic's Earnings: A Preview
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
New Relic (NEWR) to Release Quarterly Earnings on Tuesday
F5 Networks (FFIV) Surpasses Q1 Earnings Estimates
New Relic Now Available as a Native Azure Service
New Relic: Scoop This Up As Growth Revs Up Again
New Relic, Inc. (NEWR)
New Relic Launches New Error Tracking Capabilities
ServiceNow, New Relic slip as Truist downgrades pair
Estimating The Fair Value Of New Relic, Inc. (NYSE:NEWR)
Massive Insider Trade At New Relic
See More Headlines
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NEWR Company Calendar

Last Earnings
11/08/2021
Today
2/07/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
2,217
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$67.54
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+4.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$-250,400,000.00
Pretax Margin
-24.58%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
53,987,000
Market Cap
$4.41 billion
Optionable
Optionable
Beta
0.88

Key Executives

  • William StaplesWilliam Staples
    Chief Executive Officer & Director
  • Kristy FriedrichsKristy Friedrichs
    Chief Operating Officer
  • David Barter
    Chief Financial & Accounting Officer
  • Mark Dodds
    Chief Revenue Officer
  • Manav Khurana
    Chief Growth Officer













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

11 brokerages have issued 1-year price objectives for New Relic's stock. Their NEWR share price forecasts range from $55.00 to $81.00. On average, they expect the company's stock price to reach $67.54 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for NEWR
or view top-rated stocks among Wall Street analysts.

How have NEWR shares performed in 2023?

New Relic's stock was trading at $56.45 at the beginning of 2023. Since then, NEWR stock has increased by 14.4% and is now trading at $64.58.
View the best growth stocks for 2023 here
.

When is New Relic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) announced its quarterly earnings data on Monday, November, 8th. The software maker reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.03. The software maker earned $195.70 million during the quarter, compared to analysts' expectations of $182.21 million. New Relic had a negative net margin of 25.24% and a negative trailing twelve-month return on equity of 62.88%. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.68) earnings per share.

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

New Relic updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $0.40-$0.43 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $923.10 million-$925.10 million, compared to the consensus revenue estimate of $914.92 million.

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 initial public offering (IPO) on Friday, December 12th 2014. The company issued 5,000,000 shares at $18.00-$20.00 per share. Morgan Stanley and J.P. Morgan served 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.40%), Assenagon Asset Management S.A. (0.37%), Gagnon Securities LLC (0.32%), New York State Common Retirement Fund (0.21%), National Bank of Canada FI (0.12%) and Bank of Montreal Can (0.10%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd and William Staples.
View institutional ownership trends
.

How do I buy shares of New Relic?

Shares of NEWR stock 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 $64.58.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $4.41 billion and generates $785.52 million in revenue each year. The software maker earns $-250,400,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis.

How many employees does New Relic have?

The company employs 2,217 workers across the globe.

How can I contact New Relic?

New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The official website for the company is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at ir@newrelic.com, or via fax at 604-601-8279.

This page (NYSE:NEWR) was last updated on 2/8/2023 by MarketBeat.com Staff