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NYSE:NEWRNew Relic Stock Price, Forecast & News

$53.84
+0.22 (+0.41 %)
(As of 08/10/2020 04:00 PM ET)
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Today's Range
$52.13
Now: $53.84
$54.42
50-Day Range
$53.62
MA: $66.23
$73.50
52-Week Range
$33.49
Now: $53.84
$74.20
Volume2.03 million shs
Average Volume1.14 million shs
Market Capitalization$3.24 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.17
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: 4.2Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 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$3.24 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$53.84
+0.22 (+0.41 %)
(As of 08/10/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, NEWR shares have increased by 19.5% and is now trading at $53.84.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of 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, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
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, November 3rd 2020.
View our earnings forecast for New Relic
.

How were New Relic's earnings last quarter?

New Relic Inc (NYSE:NEWR) announced its earnings results on Tuesday, August, 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.12. The software maker had revenue of $163 million for the quarter, compared to analyst estimates of $159.35 million. New Relic had a negative net margin of 16.67% and a negative return on equity of 18.93%. The firm's revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS.
View New Relic's earnings history
.

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

New Relic updated its second quarter earnings guidance on Tuesday, August, 4th. The company provided EPS guidance of (0.03)-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $163-164 million, compared to the consensus revenue estimate of $163.01 million.

What price target have analysts set for NEWR?

17 equities research analysts have issued twelve-month price targets for New Relic's shares. Their forecasts range from $56.00 to $93.00. On average, they expect New Relic's stock price to reach $72.56 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price.
View analysts' price targets for New Relic
.

Has New Relic been receiving favorable news coverage?

Media stories about NEWR stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog 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 impact score of -1.9 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about New Relic
.

Are investors shorting New Relic?

New Relic saw a increase in short interest in July. As of July 31st, there was short interest totaling 5,970,000 shares, an increase of 8.5% from the July 15th total of 5,500,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 11.6% of the company's shares are sold short.
View New Relic's Short Interest
.

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), Okta (OKTA), Alibaba Group (BABA), Trade Desk (TTD), Shopify (SHOP), Splunk (SPLK) 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 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.

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 retail and institutional investors. Top institutional investors include TimesSquare Capital Management LLC (2.94%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.04%), First Trust Advisors LP (0.77%), Frontier Capital Management Co. LLC (0.39%), Emerald Advisers LLC (0.27%) and Emerald Mutual Fund Advisers Trust (0.24%). 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 First Trust Advisors LP, Emerald Mutual Fund Advisers Trust, GAM Holding AG, Emerald Advisers LLC, Mutual of America Capital Management LLC, Amalgamated Bank, SFE Investment Counsel, and Granite Investment Partners 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 TimesSquare Capital Management LLC, Frontier Capital Management Co. LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Tygh Capital Management Inc., WINTON GROUP Ltd, Sarasin & Partners LLP, Raymond James Financial Services Advisors Inc., and Swiss National Bank.
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 $53.84.

How big of a company is New Relic?

New Relic has a market capitalization of $3.24 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 8/11/2020 by MarketBeat.com Staff

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