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NYSE:NEWRNew Relic Stock Price, Forecast & News

$69.20
+1.23 (+1.81 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$67.38
Now: $69.20
$69.79
50-Day Range
$47.58
MA: $57.47
$69.20
52-Week Range
$33.49
Now: $69.20
$101.67
Volume1.07 million shs
Average Volume1.08 million shs
Market Capitalization$4.14 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.16
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$599.51 million
Cash Flow$0.58 per share
Book Value$6.59 per share

Profitability

Net Income$-88,940,000.00

Miscellaneous

Employees2,131
Market Cap$4.14 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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New Relic (NYSE:NEWR) Frequently Asked Questions

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 Coronavirus reached pandemic status according to the World Health Organization. Since then, NEWR shares have increased by 53.6% and is now trading at $69.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Relic?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 2 sell ratings, 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Relic.

When is New Relic's next earnings date?

New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for New Relic.

How were New Relic's earnings last quarter?

New Relic Inc (NYSE:NEWR) issued its quarterly earnings results on Thursday, May, 14th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.49. The software maker had revenue of $159.66 million for the quarter, compared to analysts' expectations of $153.59 million. New Relic had a negative return on equity of 16.29% and a negative net margin of 14.90%. View New Relic's earnings history.

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

New Relic updated its first quarter 2021 After-Hours earnings guidance on Thursday, May, 14th. The company provided earnings per share (EPS) guidance of -0.01-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $158-160 million, compared to the consensus revenue estimate of $159.65 million.

What price target have analysts set for NEWR?

18 brokers have issued 1 year target prices for New Relic's shares. Their forecasts range from $56.00 to $99.00. On average, they expect New Relic's stock price to reach $74.00 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View analysts' price targets for New Relic.

Has New Relic been receiving favorable news coverage?

Headlines about NEWR stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. 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 daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutNew Relic.

Are investors shorting New Relic?

New Relic saw a decline in short interest in May. As of May 15th, there was short interest totaling 5,600,000 shares, a decline of 7.7% from the April 30th total of 6,070,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is presently 5.1 days. Approximately 11.2% of the company's 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), Paypal (PYPL), Alibaba Group (BABA), Okta (OKTA), Netflix (NFLX), Shopify (SHOP), Trade Desk (TTD) and Activision Blizzard (ATVI).

Who are New Relic's key executives?

New Relic's management team includes the following 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 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 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 variety of institutional and retail investors. Top institutional shareholders include Eminence Capital LP (6.47%), Champlain Investment Partners LLC (6.40%), Matrix Capital Management Company LP (4.49%), First Trust Advisors LP (3.46%), Clearbridge Investments LLC (3.17%) and Baillie Gifford & Co. (2.16%). 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 Balyasny Asset Management LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, Engineers Gate Manager LP, Lord Abbett & CO. LLC, Tudor Investment Corp Et Al, Baillie Gifford & Co., and Squarepoint Ops LLC. Company insiders that have sold New Relic company stock in the last year include Erica Schultz, James R Gochee, Lewis Cirne, and Mark Sachleben. View insider buying and selling activity for New Relic.

Which major investors are buying New Relic stock?

NEWR stock was acquired by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Eminence Capital LP, Artemis Investment Management LLP, Artemis Investment Management LLP, Jana Partners LLC, Champlain Investment Partners LLC, First Trust Advisors LP, and Assenagon Asset Management S.A.. View insider buying and selling activity 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 $69.20.

How big of a company is New Relic?

New Relic has a market capitalization of $4.14 billion and generates $599.51 million in revenue each year. The software maker earns $-88,940,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis. New Relic employs 2,131 workers across the globe.

What is New Relic's official website?

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

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 6/4/2020 by MarketBeat.com Staff

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