|Bid||0.00 x 1200|
|Ask||55.79 x 1000|
|Day's Range||54.38 - 56.50|
|52 Week Range||33.49 - 74.20|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||69.40|
Cloud monitoring specialist New Relic posted better-than-expected quarterly results, but its new strategy seems to have investors concerned.
New Relic, Inc. (NYSE: NEWR), the observability platform company, and Grafana Labs, the world's most popular open source dashboarding platform, today announced an ongoing partnership to drive advanced open instrumentation and visibility for developers and software teams. The companies delivered new integrations designed to empower engineering teams to solve problems even faster.
Shares of New Relic (NYSE: NEWR) tumbled on Wednesday after the cloud software company reported its fiscal first-quarter results. While New Relic beat analyst expectations across the board, the stock was down 26% at noon EDT today. New Relic reported first-quarter revenue of $162.6 million, up 15.3% year over year and $3.65 million higher than the average analyst estimate.