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.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone650-777-7600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$479.23 million
Profitability
Miscellaneous
Employees1,774
Next Earnings Date5/12/2020 (Estimated)
OptionableOptionable
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) issued its earnings results on Tuesday, February, 4th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.35. The software maker earned $153 million during the quarter, compared to analyst estimates of $149.27 million. New Relic had a negative net margin of 13.67% and a negative return on equity of 13.19%. The company's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. 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 fourth quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $154-156 million, compared to the consensus revenue estimate of $155.10 million.
What price target have analysts set for NEWR?
17 brokers have issued twelve-month price targets for New Relic's shares. Their forecasts range from $52.00 to $110.00. On average, they anticipate New Relic's stock price to reach $81.50 in the next year. This suggests a possible upside of 34.0% from the stock's current price. View Analyst Price Targets for New Relic.
What is the consensus analysts' recommendation for New Relic?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 2 sell ratings, 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Relic.
Has New Relic been receiving favorable news coverage?
News articles about NEWR stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Relic earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for New Relic.
Are investors shorting New Relic?
New Relic saw a increase in short interest in January. As of January 15th, there was short interest totalling 4,770,000 shares, an increase of 16.3% from the December 31st total of 4,100,000 shares. Based on an average trading volume of 804,400 shares, the days-to-cover ratio is currently 5.9 days. Approximately 9.6% of the company's stock 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 Datadog (DDOG), Crowdstrike (CRWD), Tyler Technologies (TYL), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Symantec (SYMC), NortonLifeLock (NLOK), Temenos (TMNSF), Black Knight (BKI), Coupa Software (COUP), Ceridian HCM (CDAY), Mongodb (MDB), PTC (PTC), Guidewire Software (GWRE), Alteryx (AYX) and Dynatrace (DT).
What other stocks do shareholders of New Relic own?
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 $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 investors include Champlain Investment Partners LLC (5.50%), First Trust Advisors LP (2.81%), Baillie Gifford & Co. (2.21%), HMI Capital LLC (2.19%), ArrowMark Colorado Holdings LLC (1.61%) and Marshall Wace North America L.P. (1.57%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben and Peter H Fenton. 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 Bank of America Corp DE, First Trust Advisors LP, TD Asset Management Inc., Renaissance Technologies LLC, Point72 Asset Management L.P., Envestnet Asset Management Inc., Thrivent Financial for Lutherans and Spark Investment Management 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 major investors are buying New Relic stock?
NEWR stock was purchased by a variety of institutional investors in the last quarter, including HMI Capital LLC, Champlain Investment Partners LLC, Marshall Wace North America L.P., Jacobs Levy Equity Management Inc., MUFG Securities EMEA plc, Archon Capital Management LLC, ArrowMark Colorado Holdings LLC and GAM Holding AG. 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 $60.84.
How big of a company is New Relic?
New Relic has a market capitalization of $3.60 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?
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]
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.
