New Relic - NEWR Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEWR shares.
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9 brokerages have issued 12-month price targets for New Relic's shares. Their NEWR share price forecasts range from $50.00 to $150.00. On average, they predict the company's stock price to reach $77.55 in the next twelve months. This suggests a possible upside of 39.0% from the stock's current price.
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New Relic's stock was trading at $109.96 at the start of the year. Since then, NEWR shares have decreased by 49.3% and is now trading at $55.79.
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New Relic saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,420,000 shares, a decrease of 9.6% from the August 15th total of 1,570,000 shares. Based on an average daily volume of 742,800 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our NEWR earnings forecast.

New Relic, Inc. (NYSE:NEWR) released its quarterly earnings data on Thursday, August, 4th. The software maker reported ($0.79) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.15. The software maker earned $216.46 million during the quarter, compared to analysts' expectations of $212.68 million. New Relic had a negative trailing twelve-month return on equity of 68.32% and a negative net margin of 27.05%.

New Relic issued an update on its second quarter 2023 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of -$0.07--$0.04 for the period, compared to the consensus earnings per share estimate of -$0.07. The company issued revenue guidance of $219.00 million-$224.00 million, compared to the consensus revenue estimate of $225.29 million.

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.

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).

(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.

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

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.
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One share of NEWR stock can currently be purchased for approximately $55.79.

New Relic (NYSE:NEWR) has a market capitalization of $3.76 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 ($3.40) on an earnings per share basis.

The company employs 2,217 workers across the globe.

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.