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DOW   30,937.04
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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NYSE:NEWR

New Relic Stock Forecast, Price & News

$76.49
-3.22 (-4.04 %)
(As of 01/26/2021 12:00 AM ET)
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Today's Range
$76.19
Now: $76.49
$79.95
50-Day Range
$61.91
MA: $70.12
$79.71
52-Week Range
$33.49
Now: $76.49
$80.80
Volume986,424 shs
Average Volume776,194 shs
Market Capitalization$4.66 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

MarketRank

Overall MarketRank

1.45 out of 5 stars

Computer And Technology Sector

340th out of 1,510 stocks

Prepackaged Software Industry

66th out of 285 stocks

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone650-777-7600
Employees2,251
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$599.51 million
Cash Flow$0.57 per share
Book Value$6.59 per share

Profitability

Net Income$-88,940,000.00

Miscellaneous

Market Cap$4.66 billion
Next Earnings Date2/4/2021 (Confirmed)
OptionableOptionable
$76.49
-3.22 (-4.04 %)
(As of 01/26/2021 12:00 AM 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 price been impacted by Coronavirus?

New Relic's stock was trading at $45.05 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NEWR stock has increased by 69.8% and is now trading at $76.49.
View which stocks have been most impacted by COVID-19
.

Is New Relic a buy right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 3 sell ratings, 8 hold ratings, 7 buy ratings and 1 strong buy rating 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 MarketBeat's top 5 stock picks.

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.

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.

When is New Relic's next earnings date?

New Relic is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 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, 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.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) announced its quarterly earnings results on Thursday, November, 5th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.01 by $0.08. The software maker had revenue of $166 million for the quarter, compared to analysts' expectations of $163.50 million. New Relic had a negative trailing twelve-month return on equity of 26.93% and a negative net margin of 20.65%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS.
View New Relic's earnings history
.

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

New Relic issued an update on its third quarter 2021 After-Hours earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of -0.17--0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.02. The company issued revenue guidance of $163-165 million, compared to the consensus revenue estimate of $167.31 million.

What price target have analysts set for NEWR?

19 brokers have issued 12-month price targets for New Relic's shares. Their forecasts range from $56.00 to $89.00. On average, they expect New Relic's stock price to reach $69.44 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts' price targets for New Relic
or view Wall Street analyst' top-rated stocks.

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).

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. Michael J. Christenson, COO & Director (Age 62, Pay $474.49k)
  • 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

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 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 variety of retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.09%), Diversified Trust Co (0.03%), Exchange Traded Concepts LLC (0.01%), Iron Horse Wealth Management LLC (0.00%), Harel Insurance Investments & Financial Services Ltd. (0.00%) and Bartlett & Co. LLC (0.00%). Company insiders that own New Relic stock include David J Henshall, Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Michael J Christenson 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 Frontier Capital Management Co. LLC, and Harel Insurance Investments & Financial Services Ltd.. Company insiders that have sold New Relic company stock in the last year include Lewis Cirne, and Mark Sachleben.
View insider buying and selling activity for New Relic
or view top insider-selling stocks.

Which major 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, Iron Horse Wealth Management LLC, Diversified Trust Co, and Bartlett & Co. 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.

What is New Relic's stock price today?

One share of NEWR stock can currently be purchased for approximately $76.49.

How big of a company is New Relic?

New Relic has a market capitalization of $4.66 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 2,251 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 1/27/2021 by MarketBeat.com Staff

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