New Relic Stock Price, News & Analysis (NYSE:NEWR)

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

New Relic Inc (NYSE:NEWR) posted its earnings results on Tuesday, August, 6th. The software maker reported ($0.16) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.18) by $0.02. The software maker had revenue of $141.01 million for the quarter, compared to analysts' expectations of $139.73 million. New Relic had a negative net margin of 9.93% and a negative return on equity of 8.55%. The firm's revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. View New Relic's Earnings History.

New Relic is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for New Relic.

New Relic will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

New Relic issued an update on its second quarter 2020 earnings guidance on Monday, September, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $143-145 million, compared to the consensus revenue estimate of $153.87 million.

19 Wall Street analysts have issued twelve-month price objectives for New Relic's stock. Their predictions range from $52.00 to $120.00. On average, they expect New Relic's stock price to reach $82.06 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View Analyst Price Targets for New Relic.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 1 sell rating, 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Relic.

Press coverage about NEWR stock has trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Relic earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for New Relic.

New Relic saw a increase in short interest in September. As of September 30th, there was short interest totalling 4,070,000 shares, an increase of 6.8% from the August 30th total of 3,810,000 shares. Based on an average trading volume of 1,350,000 shares, the short-interest ratio is presently 3.0 days. Approximately 8.3% of the shares of the stock are sold short. View New Relic's Current Options Chain.

Some companies that are related to New Relic include Crowdstrike (CRWD), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Okta (OKTA), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Temenos (TMNSF), Docusign (DOCU), The Ultimate Software Group (ULTI), Datadog (DDOG), Tyler Technologies (TYL), Coupa Software (COUP), Black Knight (BKI), Guidewire Software (GWRE) and Dropbox (DBX).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Relic investors own include NVIDIA (NVDA), Adobe (ADBE), Square (SQ), Alibaba Group (BABA), Paypal (PYPL), Shopify (SHOP), Okta (OKTA), Activision Blizzard (ATVI), Micron Technology (MU) and Netflix (NFLX).

(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.

New Relic's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Diversified Trust Co (0.01%), Cerebellum GP LLC (0.01%) and Crow Point Partners LLC (0.01%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Peter H Fenton and Robin Schulman. View Institutional Ownership Trends for New Relic.

NEWR stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC. Company insiders that have sold New Relic company stock in the last year include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben and Peter H Fenton. View Insider Buying and Selling for New Relic.

NEWR stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC and Diversified Trust Co. View Insider Buying and Selling for 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.

One share of NEWR stock can currently be purchased for approximately $61.58.

New Relic has a market capitalization of $3.60 billion and generates $479.23 million in revenue each year. The software maker earns $-40,890,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis. New Relic employs 1,774 workers across the globe.View Additional Information About New Relic.

The official website for New Relic is http://www.newrelic.com/.

New Relic's mailing address is 188 Spear Street Suite 1200, San Francisco CA, 94105. The software maker can be reached via phone at 650-777-7600 or via email at [email protected]