NEWR - New Relic, Inc.
| Previous Close | 58.17 |
| Open | 60.54 |
| Bid | 0.00 x 1400 |
| Ask | 60.07 x 1000 |
| Day's Range | 59.42 - 61.59 |
| 52 Week Range | 50.00 - 109.00 |
| Volume | 2,241,230 |
| Avg. Volume | 1,403,121 |
| Market Cap | 3.515B |
| Beta (3Y Monthly) | 0.85 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.88 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 75.00 |
- Business Wire
Glancy Prongay & Murray LLP Announces Investigation on Behalf of New Relic, Inc. Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of New Relic, Inc. (“New Relic” or the “Company”) (NYSE: NEWR) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On August 6, 2019, the Company announced first quarter 2020 financial results, reporting revenue of $141 million and non-GAAP earnings per share of $0.19.
- American City Business Journals
Does New Relic management shake-up mean there could be review of 'strategic alternatives?'
Wall Street reacts to New Relic shake-up in management and wonders what an appointment of an investment banker to the No. 2 role means for the future.
- GuruFocus.com
Major Stock Indexes in Red Monday
New Relic shares fall on updated outlook, management changes Continue reading...
- American City Business Journals
New Relic's top Portland exec resigns amid management shake-up, full-year guidance cut
New Relic’s highest-ranking executive in Portland is leaving the company along with its chief revenue officer in a management shake-up announced Monday morning. In the same filing, the company said CRO Erica Schultz also told the company she intends to resign. The company also announced Monday that board member Michael Christenson was named to the newly created position of president and chief operating officer.
- Barrons.com
New Relic Stock Tumbles on Lower Revenue Forecast, Management Shakeup
The downbeat news comes a month after the company reported disappointing quarterly results and weaker-than-expected financial forecast.
- Investor's Business Daily
Oil Stocks Surge In Down Session; Chevron, Exxon Mobil Lead Dow Jones
Oil stocks were in the spotlight Monday with U.S. crude oil futures up more than 10%. Exxon Mobil and Chevron led the Dow Jones.
- Benzinga
A Look At Benzinga Pro's Most-Searched Tickers For September 16, 2019
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Yuma Energy (AMEX: YUMA) shares were up 53.8% ...
- Benzinga
New Relic Cuts 2020 Sales Guidance, Announces Changes In Management
New Relic (NYSE: NEWR) has reaffirmed its second-quarter guidance and cut its sales guidance for fiscal year 2020 from $600 million-$607 million to $586 million-$593 million. The company’s chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned. Christenson joins from his role at Allen & Company, and will report to Lew Cirne, CEO and founder of New Relic.
- Business Wire
New Relic Announces Management Changes – Michael Christenson Will Join as President, Chief Operating Officer
New Relic (NEWR) today announced management changes, affirmed the current quarter’s revenue guidance and updated full year fiscal 2020 revenue guidance to between $586.0 million and $593.0 million, representing year-over-year growth of between 22% and 24%. Current board member Michael Christenson will join the company as president and chief operating officer, a newly created position, on October 1. Chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned.
- TheStreet.com
[video]New Relic Falls on Revenue Guidance Cut, Management Changes
The cloud data storage company cut its fiscal-year revenue guidance and announces the resignations of its chief technology and chief revenue officers.
- Simply Wall St.
Is There An Opportunity With New Relic, Inc.'s (NYSE:NEWR) 28% Undervaluation?
How far off is New Relic, Inc. (NYSE:NEWR) from its intrinsic value? Using the most recent financial data, we'll take...
- American City Business Journals
How Oregon Works: Mandy Bynum Mc Laughlin of New Relic on why inclusion efforts start at the top
Mandy Bynum Mc Laughlin Director of diversity, equity & inclusion New Relic What is usually the impetus to an organization creating a position responsible for diversity? For many organizations, including New Relic, there are strong grassroots efforts around diversity, equity and inclusion (DE&I), which then show business value and ultimately influence the creation of a full-time position. The other reasons I’ve seen for a dedicated DE&I position/team include leadership teams getting pressure (good pressure!) from the market to participate and/or reacting to something that happened in the organization. What is the day-to-day job of a diversity officer?
- GuruFocus.com
New Relic Inc (NEWR) CFO Mark Sachleben Sold $632,100 of Shares
CFO of New Relic Inc (30-Year Financial, Insider Trades) Mark Sachleben (insider trades) sold 10,000 shares of NEWR on 08/13/2019 at an average price of $63.21 a share. Continue reading...
- TipRanks
10 Trending Stocks Based on Recent Analyst Activity
Investors are constantly looking for stocks that will hold up regardless of economic uncertainty. A good starting point is recent analyst activity. A ratings boost or a price target increase can give us a better sense as to whether a company has the potential to outperform the rest. Not to mention these changes can have an effect on share prices. For example, Salesforce.com (CRM) is up 2% after Compass Point initiated its coverage with a Buy on August 13.Here are 10 trending stocks based on recent analyst activity. McDonald's Corporation (MCD)The fast food giant just received good news from MKM Partners. Brett Levy, a three-star analyst according to TipRanks, initiated his coverage of MCD with a Buy and set a $250 price target. He thinks share prices could increase by 15% over the next twelve months. “We believe that strong domestic and international sales growth is sustainable for the restaurant chain,” Levy explained on August 12. The analyst has an impressive 71% success rate.MCD boasts a ‘Strong Buy’ analyst consensus and a $230 price target, suggesting 6% upside potential. D.R. Horton Inc. (DHI)D.R. Horton is one of the largest home construction companies in the U.S. On August 12, SunTrust Robinson’s Rohit Seth initiated coverage with a Buy rating and set a $56 price target, suggesting 19% upside potential. “We see the stock as a premier large-cap homebuilder offering attractive cash generation with superior position in the rapidly growing entry-level segment. We expect D.R. Horton to outperform in the second half of this year with orders and price mix as the homebuilding industry growth accelerates thanks to lower interest rates,” he noted. The four-star analyst has a 58% success rate and gets a 12% average return per rating. The Street is bullish on DHI. The stock has a ‘Strong Buy’ analyst consensus and a $52 average price target, implying 12% upside. Humana Inc. (HUM)The health insurance provider just received a ratings boost from Cantor Fitzgerald analyst Steven Halper after it posted strong second quarter earnings results. On August 12, the five-star analyst upgraded the rating to a Buy and set a $345 price target, implying 17% upside potential. He argues that the company's strong 2Q19 results were fueled by continued success in Medicare Advantage and cost management. "MA continues to grow at a nice clip, and HUM’s recent Louisiana Medicaid contract award demonstrates its success outside Medicare. Importantly, we believe the company’s investments in population health management and social determinants of health will accelerate growth over time,” Halper added.The rest of the Street is cautiously optimistic. HUM has a ‘Moderate Buy’ analyst consensus and a $326 average price target, suggesting 10% upside potential. Walt Disney Company (DIS)Some investors have expressed concern regarding Disney's earnings miss. However, Credit Suisse’s Douglas Mitchelson stated, “While Disney [stock] has outperformed the S&P 500 by 8% YTD, we see scope for further upside to Disney+ investor sentiment into its U.S. launch. We see a number of positive catalysts the next few quarters and believe downside risks to Disney estimates are now well understood by investors." On August 8, he upgraded DIS to a Buy and raised the price target from $130 to $150, indicating 11% upside potential. The five-star analyst has a 61% success rate and gets an average return of 15%. DIS has a ‘Strong Buy’ analyst consensus and a $157 average price target, indicating 16% upside potential. PayPal Holdings, Inc. (PYPL)Jeff Cantwell, a five-star analyst, believes that the online payment company’s valuation represents an improved opportunity for investors. On August 13, the Guggenheim analyst upgraded PYPL from a Sell to a Hold. “We note the recent pullback in PYPL’s shares, which has occurred against a backdrop of increasing macro uncertainty; shares have now fallen below our prior $104 PT. We believe the current level probably better reflects PYPL’s fair value; in that context, we see risk/reward as being more balanced,” he explained. Cantwell has a 74% success rate and an average return of 16% per rating. The Street is optimistic about this stock. PYPL has a ‘Strong Buy’ analyst consensus and a $131 average price target, suggesting 27% upside potential. Roku Inc. (ROKU)On August 12, Needham’s Laura Martin gave the streaming platform a vote of confidence. The five-star analyst, reiterated her Buy rating and raised the price target from $120 to $150, suggesting 12% upside potential. The price target hike sent shares surging 7%. “Roku is an arms dealer in the streaming video space, as its hardware facilitates multiple streaming platforms. Roku is therefore able to present a highly targeted proposition to advertisers, as each new Roku user is assigned a unique device ID and all content viewed can be extracted for superior targeting,” she said. Martin has a 63% success rate and gets an average return of 21% per rating. Roku has a ‘Moderate Buy’ analyst consensus and an average price target of $115, implying 14% downside. Zendesk (ZEN)Zendesk provides customer service software and support ticketing services. After a second quarter that produced strong growth, the company received a boost from Compass Point analyst Marshall Senk on August 13. The five-star analyst initiated coverage with a Buy and set a $100 price target. He thinks share prices could soar by as much as 34% over the next twelve months. Senk has a 77% success rate and gets an average return of 22% per rating. The Street is also bullish on ZEN. It has a ‘Strong Buy’ analyst consensus and a $102 average price target, implying 38% upside potential. Creditcorp Limited (BAP)Creditcorp is the largest financial services holding company in Peru. The company just received a positive signal from J.P. Morgan after its August 9 Q2 earnings release. Three-star analyst, Domingos Falavina, upgraded BAP to a Buy and raised the price target from $232 to $250. He believes the stock could surge by 24% over the next twelve months. Falavina has a 70% success rate and gets an average return of 9% per rating. BAP has a ‘Moderate Buy’ analyst consensus and a $250 average price target, suggesting 24% upside potential. William Lyon Homes, Inc. (WLH)The home construction company just got a ratings boost from Wedbush analyst Jay McCanless. The three-star analyst upgraded his rating from a Hold to a Buy and raised the price target from $20 to $21, indicating 23% upside potential. He notes that the recent pullback in shares has effectively discounted the reduction in his 2019 EPS estimates following the Q2 results. "Overall, we view the shares as undervalued at current levels,” McCanless added on August 13.WLH has a ‘Moderate Buy’ analyst consensus and a $21 average price target, implying 18% upside. New Relic Inc. (NEWR) Despite the slowdown reported in its first quarter earnings, one analyst is vouching for the software analytics company. Joseph Bonner, a five-star analyst, upgraded NEWR from a Hold to a Buy and set a $93 price target on August 13. He believes share prices could jump 47% over the next twelve months, arguing that the slowed growth is not a long-term trend. The Argus Research analyst has a 67% success rate and gets a 12% average return per rating. NEWR has a ‘Moderate Buy’ analyst consensus and a $95 price target, suggesting 50% upside potential. Discover the Analysts’ Top-Rated Stocks right now
- Thomson Reuters StreetEvents
Edited Transcript of NEWR earnings conference call or presentation 6-Aug-19 9:00pm GMT
Q1 2020 New Relic Inc Earnings Call
- Moody's
Dynatrace Intermediate, LLC -- Moody's upgrades Dynatrace to B1 following IPO and debt paydown, outlook stable
Moody's Investors Service ("Moody's") upgraded Dynatrace Intermediate, LLC's ("Dynatrace") Corporate Family Rating to B1 from B2 and Probability of Default Rating to B1-PD from B2-PD. Concurrently, Moody's assigned an SGL-1 Speculative Grade Liquidity Rating to Dynatrace, affirmed the company's senior secured first lien bank credit facilities at B1, and withdrew the Caa1 rating on its senior secured second lien term loan.
- Business Wire
New Relic Helps Komatsu Optimize Digital Customer Experience for Company’s Modern Construction Initiatives
New Relic (NEWR), the industry’s largest and most comprehensive cloud-based instrumentation platform built to help customers create more perfect software, announced today that Komatsu Ltd., one of the world’s leading manufacturers and suppliers of earth-moving equipment, including construction, mining and compact construction equipment, is utilizing New Relic to understand business insights from the data collected from its Smart Construction solution. The company is using these insights to create an improved digital customer experience for its users. Komatsu created Smart Construction with the goal to help its customers optimize the entire construction process—not just the machines themselves—in order to help construction sites complete more projects with a smaller labor force.
- Motley Fool
New Relic Experiences Growing Pains
Product launches are putting stress on the organization and have caused a few of the company's key metrics to slip.
- Investor's Business Daily
New Relic Stock Tanks On Weak Quarterly Revenue Outlook
New Relic stock sank Wednesday as it reported quarterly earnings late Tuesday that beat Wall Street estimates. But the company followed up with an outlook that fell short of expectations.
- Business Wire
New Relic to Present at Upcoming Investor Conferences
New Relic, Inc. , the industry’s largest and most comprehensive cloud-based instrumentation platform built to help customers create more perfect software, today announc
- Barrons.com
New Relic Stock Loses a Third of Its Value After Sales Disappoint
New Relic stock has dropped 32% on Wednesday, erasing more than $1.5 billion in market value, after the application performance management software company reported disappointing sales for its fiscal first quarter ended June 30 and weaker-than-expected guidance
- Motley Fool
Why New Relic Is Down Big Today
Shares fell after management admitted that the company wasn't executing as well as hoped.
- TheStreet.com
Here's Why New Relic Is Sinking Fast
Ultimately, NEWR should right the ship with its New Relic One product, but the stock may be dead money for several months, as it's now rapidly declining in both revenue growth and expansion rates before it actually hits large numbers.
- TheStreet.com
New Relic Tanks on Weak Revenue Forecast, Raymond James Downgrade
Shares of cloud data storage company New Relic were falling sharply Wednesday following a weak-than-expected revenue outlook and subsequent downgrade from analysts at Raymond James. "We launched New Relic One, released monitoring for AWS Lambda, and finalized operating model enhancements to product and sales organizations during the first quarter," said CEO Lew Cirne. Compounding the stock's issue was a bearish Raymond James note that had the analysts downgrade the stock to market perform from outperform.
![[video]New Relic Falls on Revenue Guidance Cut, Management Changes](https://s.yimg.com/uu/api/res/1.2/sNwP4bCpwMlrNSzf4RRqZg--~B/Zmk9c3RyaW07aD0xMjM7cHlvZmY9MDtxPTgwO3c9MjIwO3NtPTE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/thestreet.com/187977fbfc2905f7baa8f75222737e51)
