NYSE:NEWR

New Relic Stock Forecast, Price & News

$64.08
+0.64 (+1.01 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$63.50
Now: $64.08
$65.42
50-Day Range
$55.87
MA: $61.68
$67.85
52-Week Range
$49.02
Now: $64.08
$81.10
Volume597,548 shs
Average Volume813,114 shs
Market Capitalization$4.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.01
New Relic, Inc., a software-as-a-service company, provides platform that companies use to build, develop, and operate their digital businesses worldwide. It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software. It provides prebuilt dashboards and visualizations, as well as the ability to search across data types, create customized dashboards, and build applications that can be shared and customized by other users. The company offers customers with software code to add to their applications and infrastructure; open data application performance interfaces, and software development kits, as well as open source connectors and technologies for customers, partners, and third-party developers to extend its platform into their products; cloud-based architecture and big data database; and New Relic Application Performance Monitoring, Mobile, Browser, Synthetics, Infrastructure, and Insights products for analyzing data. It also provides New Relic chart builder, dashboards, and programmability features that allow customers to use connected data to build visuals; New Relic Applied Intelligence to spot abnormal behavior across billions of pieces of data; and New Relic Alerts, which provides a centralized notification system. It sells its products through direct sales organizations, and online and offline sales. The company was founded in 2007 and is headquartered in San Francisco, California.
New Relic logo

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone650-777-7600
Employees2,217
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$599.51 million
Cash Flow$0.48 per share
Book Value$6.59 per share

Profitability

Net Income$-88,940,000.00

Miscellaneous

Market Cap$4.04 billion
Next Earnings Date5/13/2021 (Confirmed)
OptionableOptionable

Headlines

New Relic (NYSE:NEWR) Shares Gap Down to $64.80
April 21, 2021 |  americanbankingnews.com
Is NEWR Stock A Buy or Sell?
April 14, 2021 |  finance.yahoo.com
New Relic: The Turnaround Is Coming
April 9, 2021 |  seekingalpha.com
Why New Relic Stock Fell 19% in February
March 16, 2021 |  finance.yahoo.com
Notable Thursday Option Activity: T, NEWR, INTC
February 25, 2021 |  nasdaq.com
15 Fastest-Growing Software Companies
February 11, 2021 |  finance.yahoo.com
Beware of New Relic's Short-Term Headwinds
February 10, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.44 out of 5 stars

Computer And Technology Sector

257th out of 1,554 stocks

Prepackaged Software Industry

50th out of 283 stocks

Analyst Opinion: 2.1Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$64.08
+0.64 (+1.01 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Relic (NYSE:NEWR) Frequently Asked Questions

Is New Relic a buy right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" New Relic stock. 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 analyst ratings for New Relic
or view top-rated stocks.

What stocks does MarketBeat like better than New Relic?

Wall Street analysts have given New Relic a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Relic wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is New Relic's next earnings date?

New Relic is scheduled to release its next quarterly earnings announcement on Thursday, May 13th 2021.
View our earnings forecast for New Relic
.

How can I listen to New Relic's earnings call?

New Relic will be holding an earnings conference call on Thursday, May 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) released its quarterly earnings data on Thursday, February, 4th. The software maker reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.58. The software maker earned $166.34 million during the quarter, compared to analyst estimates of $164.81 million. New Relic had a negative trailing twelve-month return on equity of 26.93% and a negative net margin of 20.65%.
View New Relic's earnings history
.

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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NEWR shares have increased by 42.2% and is now trading at $64.08.
View which stocks have been most impacted by COVID-19
.

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

New Relic issued an update on its fourth quarter earnings guidance on Thursday, February, 4th. The company provided EPS guidance of ($0.45-0.49) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). The company issued revenue guidance of $166-167 million, compared to the consensus revenue estimate of $170.92 million.

What price target have analysts set for NEWR?

17 equities research analysts have issued 12-month target prices for New Relic's shares. Their forecasts range from $56.00 to $85.00. On average, they expect New Relic's share price to reach $70.40 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for New Relic
or view top-rated stocks among Wall Street analysts.

Who are New Relic's key executives?

New Relic's management team includes the following people:
  • Mr. Lewis Cirne, Founder, CEO & Director (Age 51, Pay $636.96k)
  • Mr. William Staples, Pres & Chief Product Officer (Age 48, Pay $140.06k)
  • Mr. Mark Sachleben, CFO & Corp. Sec. (Age 56, Pay $505.18k)
  • Mr. Gregory Ouillon, EMEA Field Chief Technology Officer
  • Mr. Peter Goldmacher, VP of Investor Relations
  • Ms. Seema Kumar, Chief Marketing Officer
  • Ms. Kristy Friedrichs, Chief People Officer
  • Mr. Dmitri Chen, Exec. VP and GM of Asia-Pacific & Japan
  • Ms. Bonney A. Pelley, Sr. VP of Bus. Operations
  • Mr. Jay G. Snyder, Exec. VP & Chief Customer Officer (Age 50)

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

441 employees have rated New Relic CEO Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among New Relic's employees.

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), Cisco Systems (CSCO), Micron Technology (MU), The Trade Desk (TTD) and The 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 $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 retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.01%), Iron Horse Wealth Management LLC (0.00%) and Private Ocean LLC (0.00%). Company insiders that own New Relic stock include David J Henshall, Erica Schultz, James R Gochee, James R Gochee, Lewis Cirne, Mark Sachleben, Michael J Christenson, Peter H Fenton and William Staples.
View institutional ownership trends for New Relic
.

Which institutional investors are selling New Relic stock?

NEWR stock was sold by a variety of institutional investors in the last quarter, including Iron Horse Wealth Management LLC. Company insiders that have sold New Relic company stock in the last year include Lewis Cirne, Mark Sachleben, and William Staples.
View insider buying and selling activity for New Relic
or view top insider-selling stocks.

Which institutional investors are buying New Relic stock?

NEWR stock was bought by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, and Private Ocean LLC. Company insiders that have bought New Relic stock in the last two years include David J Henshall, and Michael J Christenson.
View insider buying and selling activity for New Relic
or or view top insider-buying stocks.

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 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 $64.08.

How much money does New Relic make?

New Relic has a market capitalization of $4.04 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.

How many employees does New Relic have?

New Relic employs 2,217 workers across the globe.

What is New Relic's official website?

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

Where are New Relic's headquarters?

New Relic is headquartered at 188 Spear Street Suite 1000, San Francisco CA, 94105.

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 4/23/2021 by MarketBeat.com Staff
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