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. It also provides New Relic Synthetics, which simulates usage and reproduces business-critical functionality that enables its users to test their software throughout the entire development life cycle; New Relic Infrastructure that provides a view of the health and configuration changes for an enterprise's entire host ecosystem across various environments; and New Relic Insights that enables technology and business users to perform real-time analysis. In addition, the company offers New Relic Applied Intelligence platform; New Relic's alerting platform, a centralized notification system that delivers alerts from across the products that make up the New Relic Platform; and New Relic's plugins architecture, which offers a plugin architecture, including application programming interfaces and software development kits for customers and partners to embed and extend its solution into their products. The company sells its products through direct sales organizations, online and offline sales, and marketing activities. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:NEWR
CUSIPN/A
Phone650-777-7600
Debt
Debt-to-Equity RatioN/A
Current Ratio1.66
Quick Ratio1.66
Price-To-Earnings
Trailing P/E Ratio-147.31
Forward P/E Ratio-191.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$355.06 million
Price / Sales17.34
Cash FlowN/A
Price / CashN/A
Book Value$3.88 per share
Price / Book28.10
Profitability
EPS (Most Recent Fiscal Year)($0.74)
Net Income$-45,320,000.00
Net Margins-12.76%
Return on Equity-20.14%
Return on Assets-10.59%
Miscellaneous
Employees1,284
Outstanding Shares56,490,000
Market Cap$6,139.09
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) released its quarterly earnings data on Tuesday, May, 8th. The software maker reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.04. The software maker had revenue of $98.40 million for the quarter, compared to the consensus estimate of $96.34 million. New Relic had a negative return on equity of 20.14% and a negative net margin of 12.76%. The company's quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share. View New Relic's Earnings History.
When is New Relic's next earnings date?
What guidance has New Relic issued on next quarter's earnings?
New Relic updated its FY19 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $0.29-$0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $452-$458 million, compared to the consensus revenue estimate of $449.86 million.New Relic also updated its Q1 guidance to $0.10-$0.12 EPS.
What price target have analysts set for NEWR?
16 analysts have issued 1-year price objectives for New Relic's stock. Their predictions range from $50.00 to $125.00. On average, they expect New Relic's share price to reach $91.9375 in the next year. This suggests that the stock has a possible downside of 15.7%. View Analyst Ratings for New Relic.
What is the consensus analysts' recommendation for New Relic?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Are investors shorting New Relic?
New Relic saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,967,534 shares, an increase of 129.5% from the May 15th total of 857,277 shares. Based on an average daily volume of 1,062,524 shares, the days-to-cover ratio is presently 1.9 days. Currently, 4.9% of the company's shares are short sold. View New Relic's Current Options Chain.
Who are some of New Relic's key competitors?
Some companies that are related to New Relic include CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), Synopsys (SNPS), Symantec (SYMC), UBISOFT Entmt S/ADR (UBSFY), SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX) and Veeva Systems (VEEV).
Who are New Relic's key executives?
New Relic's management team includes the folowing people:
- Mr. Lewis Cirne, CEO, Founder & Director (Age 48)
- Mr. Mark Sachleben, Chief Financial Officer (Age 53)
- Mr. James R. Gochee, Chief Product Officer (Age 48)
- Mr. Jonathan Parker, Head of Strategic Fin., FP&A and Investor Relations
- Mr. Robson Grieve, Chief Marketing Officer (Age 46)
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 acted as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.
Has New Relic been receiving favorable news coverage?
Media headlines about NEWR stock have been trending somewhat negative on Monday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Relic earned a news sentiment score of -0.06 on Accern's scale. They also gave news coverage about the software maker an impact score of 47.53 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are New Relic's major shareholders?
New Relic's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.39%), Empowered Funds LLC (0.03%), Xact Kapitalforvaltning AB (0.01%), Campbell & CO Investment Adviser LLC (0.01%) and Cerebellum GP LLC (0.00%). Company insiders that own New Relic stock include Erica Schultz, Hilarie A Koplow, James R Gochee, Lewis Cirne, Mark Sachleben 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 Peregrine Capital Management LLC and Empowered Funds 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 Robin Schulman. View Insider Buying and Selling for New Relic.
Which institutional investors are buying New Relic stock?
NEWR stock was acquired by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, Cerebellum GP LLC and Xact Kapitalforvaltning AB. 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, Scottrade, Fidelity and Charles Schwab.
What is New Relic's stock price today?
One share of NEWR stock can currently be purchased for approximately $109.01.
How big of a company is New Relic?
New Relic has a market capitalization of $6.14 billion and generates $355.06 million in revenue each year. The software maker earns $-45,320,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis. New Relic employs 1,284 workers across the globe.
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)
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.
