NYSE:NEWR - New Relic Stock Price, Forecast & News

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

New Relic Inc (NYSE:NEWR) released its quarterly earnings results on Tuesday, November, 5th. The software maker reported ($0.16) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.15) by $0.01. The software maker earned $145.80 million during the quarter, compared to analyst estimates of $143.43 million. New Relic had a negative net margin of 11.26% and a negative return on equity of 8.90%. The company's revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. View New Relic's Earnings History.

New Relic is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for New Relic.

New Relic will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

New Relic updated its FY20 earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $0.60-0.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54. The company issued revenue guidance of $588-593 million, compared to the consensus revenue estimate of $589.31 million.

19 brokerages have issued 12-month price targets for New Relic's shares. Their forecasts range from $52.00 to $114.00. On average, they anticipate New Relic's stock price to reach $82.63 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price. View Analyst Price Targets for New Relic.

19 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 and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Relic.

Media stories about NEWR stock have been trending somewhat negative this week, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Relic earned a news sentiment score of -1.0 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 news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for New Relic.

New Relic saw a increase in short interest in December. As of December 31st, there was short interest totalling 4,770,000 shares, an increase of 16.3% from the December 15th total of 4,100,000 shares. Based on an average trading volume of 795,900 shares, the days-to-cover ratio is presently 6.0 days. Approximately 9.6% of the shares of the company are short sold. View New Relic's Current Options Chain.

Some companies that are related to New Relic include Atlassian (TEAM), Twilio (TWLO), SS&C Technologies (SSNC), Okta (OKTA), Citrix Systems (CTXS), Tableau Software (DATA), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Docusign (DOCU), Crowdstrike (CRWD), Tyler Technologies (TYL), Datadog (DDOG), Temenos (TMNSF), Coupa Software (COUP), Ceridian HCM (CDAY) and Black Knight (BKI).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Relic investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Square (SQ), Okta (OKTA), Paypal (PYPL), Twilio (TWLO), Activision Blizzard (ATVI), Shopify (SHOP) and Netflix (NFLX).

(NEWR) raised $95 million in an 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.

New Relic's stock is owned by many different of institutional and retail investors. Top institutional investors include SFE Investment Counsel (0.04%), Sciencast Management LP (0.03%), Camelot Portfolios LLC (0.02%), Diversified Trust Co (0.02%), Cerebellum GP LLC (0.01%) and Fulton Breakefield Broenniman LLC (0.01%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Peter H Fenton and Robin Schulman. View Institutional Ownership Trends for New Relic.

NEWR stock was sold by a variety of institutional investors in the last quarter, including SFE Investment Counsel. 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.

NEWR stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Camelot Portfolios LLC, Fulton Breakefield Broenniman LLC, Diversified Trust Co, Altfest L J & Co. Inc., Mirador Capital Partners LP and Cerebellum GP LLC. View Insider Buying and Selling for 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.

One share of NEWR stock can currently be purchased for approximately $70.47.

New Relic has a market capitalization of $4.14 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.

The official website for New Relic is http://www.newrelic.com/.

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]