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S&P 500   4,117.86
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Daqo New Energy Charged Up For New Highs
TG Therapeutics Stock 300% Rally Has Legs Yet
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Don’t Let The Markets Break Your Heart (Ad)pixel
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Don’t Let The Markets Break Your Heart (Ad)pixel
3 Solar-Energy Stocks Setting Up In Bullish Bases
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Free ebook: 3 Rules to Picking the Right Stocks (Ad)pixel
Daqo New Energy Charged Up For New Highs
TG Therapeutics Stock 300% Rally Has Legs Yet
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Don’t Let The Markets Break Your Heart (Ad)pixel
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Don’t Let The Markets Break Your Heart (Ad)pixel
3 Solar-Energy Stocks Setting Up In Bullish Bases
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Free ebook: 3 Rules to Picking the Right Stocks (Ad)pixel
Daqo New Energy Charged Up For New Highs
TG Therapeutics Stock 300% Rally Has Legs Yet
NYSE:NEWR

New Relic - NEWR Stock Forecast, Price & News

$76.50
+11.92 (+18.46%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$75.31
$80.88
50-Day Range
$53.77
$76.50
52-Week Range
$41.66
$88.00
Volume
3.87 million shs
Average Volume
573,731 shs
Market Capitalization
$5.23 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$75.21

New Relic MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
1.7% Downside
$75.21 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.71mentions of New Relic in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$35.26 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.17) to ($2.11) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Computer And Technology Sector

222nd out of 612 stocks

Prepackaged Software Industry

65th out of 216 stocks

NEWR stock logo

About New Relic (NYSE:NEWR) Stock

New Relic, Inc. engages in the provision of software solutions. It delivers an open and extensible cloud-based platform that enables organizations to collect, store and analyze massive amounts of data in real time to better operate applications and infrastructure. It offers solutions to e-commerce and retail, media, and public sector industries. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.

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NEWR Stock News Headlines

Here's Why New Relic Stock Jumped Higher Today
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
These 2 Stocks Are Rising From the Ashes
New Relic (NEWR) Q3 Earnings and Revenues Top Estimates
William Hill Standardizes on New Relic
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
New Relic's Earnings: A Preview
New Relic (NEWR) to Release Quarterly Earnings on Tuesday
F5 Networks (FFIV) Surpasses Q1 Earnings Estimates
New Relic Now Available as a Native Azure Service
New Relic: Scoop This Up As Growth Revs Up Again
New Relic, Inc. (NEWR)
New Relic Launches New Error Tracking Capabilities
ServiceNow, New Relic slip as Truist downgrades pair
Estimating The Fair Value Of New Relic, Inc. (NYSE:NEWR)
See More Headlines
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NEWR Company Calendar

Last Earnings
11/08/2021
Today
2/08/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/11/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
2,217
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$75.21
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
-1.7%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$-250,400,000.00
Pretax Margin
-24.58%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
53,987,000
Market Cap
$5.23 billion
Optionable
Optionable
Beta
0.88

Key Executives

  • William StaplesWilliam Staples
    Chief Executive Officer & Director
  • Kristy FriedrichsKristy Friedrichs
    Chief Operating Officer
  • David Barter
    Chief Financial & Accounting Officer
  • Mark Dodds
    Chief Revenue Officer
  • Manav Khurana
    Chief Growth Officer













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NEWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWR, but not buy additional shares or sell existing shares.
View NEWR analyst ratings
or view top-rated stocks.

What is New Relic's stock price forecast for 2023?

13 Wall Street analysts have issued 1-year price objectives for New Relic's stock. Their NEWR share price forecasts range from $57.00 to $90.00. On average, they expect the company's share price to reach $75.21 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for NEWR
or view top-rated stocks among Wall Street analysts.

How have NEWR shares performed in 2023?

New Relic's stock was trading at $56.45 at the beginning of the year. Since then, NEWR shares have increased by 35.5% and is now trading at $76.50.
View the best growth stocks for 2023 here
.

When is New Relic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) announced its earnings results on Monday, November, 8th. The software maker reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. The software maker earned $195.70 million during the quarter, compared to the consensus estimate of $182.21 million. New Relic had a negative net margin of 25.24% and a negative trailing twelve-month return on equity of 62.88%. New Relic's revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.68) earnings per share.

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

New Relic issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $0.40-$0.43 for the period, compared to the consensus estimate of $0.19. The company issued revenue guidance of $923.10 million-$925.10 million, compared to the consensus revenue estimate of $914.92 million.

What is Lew Cirne's approval rating as New Relic's CEO?

441 employees have rated New Relic Chief Executive Officer Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among the company's employees.

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), Block (SQ), PayPal (PYPL), Okta (OKTA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Trade Desk (TTD) and Walt Disney (DIS).

When did New Relic IPO?

(NEWR) raised $95 million in an initial public offering 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 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.40%), Assenagon Asset Management S.A. (0.37%), Gagnon Securities LLC (0.32%), Swiss National Bank (0.21%), New York State Common Retirement Fund (0.21%) and California Public Employees Retirement System (0.14%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd and William Staples.
View institutional ownership trends
.

How do I buy shares of New Relic?

Shares of NEWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Relic's stock price today?

One share of NEWR stock can currently be purchased for approximately $76.50.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $5.23 billion and generates $785.52 million in revenue each year. The software maker earns $-250,400,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis.

How many employees does New Relic have?

The company employs 2,217 workers across the globe.

How can I contact New Relic?

New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The official website for the company is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at ir@newrelic.com, or via fax at 604-601-8279.

This page (NYSE:NEWR) was last updated on 2/9/2023 by MarketBeat.com Staff