NEWR - New Relic, Inc.

NYSE - NYSE Delayed Price. Currency in USD
66.18
-0.71 (-1.06%)
At close: 4:00PM EST

66.28 +0.10 (0.15%)
After hours: 4:26PM EST

Stock chart is not supported by your current browser
Previous Close66.89
Open67.10
Bid66.12 x 800
Ask66.39 x 1000
Day's Range65.75 - 67.35
52 Week Range50.00 - 109.00
Volume971,944
Avg. Volume950,126
Market Cap3.9B
Beta (5Y Monthly)0.98
PE Ratio (TTM)N/A
EPS (TTM)-1.05
Earnings DateFeb 4, 2020 - Feb 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est74.93
  • Is New Relic (NYSE:NEWR) Using Too Much Debt?
    Simply Wall St.

    Is New Relic (NYSE:NEWR) Using Too Much Debt?

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Chase Coleman's 3rd-Quarter Buys
    GuruFocus.com

    Chase Coleman's 3rd-Quarter Buys

    Hedge fund invests heavily in online solutions platforms Continue reading...

  • Business Wire

    New Relic to Host Investor Day on December 12, 2019

    New Relic, Inc. (NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced that it will be hosting an Investor Day in New York on Thursday, December 12, 2019. A live webcast as well as the presentation materials will be accessible from the investor relations page of the New Relic website at http://ir.newrelic.com/. New Relic is the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software.

  • Hedge Funds Can’t Get Enough Of New Relic Inc (NEWR)
    Insider Monkey

    Hedge Funds Can’t Get Enough Of New Relic Inc (NEWR)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Business Wire

    Total Economic Impact Study of the New Relic Platform for Cloud Migration and Optimization Shows Over 90% Savings in Deployment of Applications to the Cloud and 50% Reduction of Cloud Cost

    AWS RE:INVENT – New Relic (NEWR), the industry's largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, announced today a new commissioned Total Economic Impact™ study conducted by Forrester Consulting finds customers leveraging the New Relic platform are able to deploy applications to the cloud 90% faster and reduce over 90% of the cost associated with deployment of applications in cloud environments. Additionally, with the New Relic Platform customers optimized their cloud instances, driving cost savings of up to 50% in cloud expenditure.

  • 3 Smart Money Stocks to Buy
    InvestorPlace

    3 Smart Money Stocks to Buy

    There's little denying the so-called smart money on Wall Street has earned its reputation over time. And with this group's elite purchasing Beyond Meat (NASDAQ:BYND), Wayfair (NYSE:W) and New Relic (NYSE:NEWR) the past couple of quarters, it's time to follow those footsteps.Hedge fund Tiger Global Management is among the best in the business. Over the past three years its investments have led it to a best-in-breed ranking among large institutional investors with holdings of more than $10 billion. Specifically, the fund has returned nearly 22.50% annually since 2016. And over the past decade, this smart money operator has captured annualized gains of almost 18%.Sure, it would be easy enough to resent Tiger Global Management for generating its market-beating returns. The firm has resources and talent most of us can only dream about. And that can amount to an uneven playing field.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality But when it comes to BYND, W and NEWR stock, I suggest not getting mad. Instead, use the price chart strategically and get ready to beat the smart money at their own game. Smart Money Stocks to Buy: Beyond Meat (BYND)Source: Charts by TradingView Tiger Global's latest 13F filing revealed the fund recently picked up 175,000 shares of faux-meat producer Beyond Meat. Today's investors are also on much stronger footing than the hedge fund after picking up shares north of $150 and possibly as high as nearly $240 during the period.Despite announcing a solid earnings beat in October, BYND stock tanked on worries tied to an expiring lockup period and competition entering the market. There's no guarantees BYND stock will prove to be the next Apple (NASDAQ:AAPL) or Costco (NASDAQ:COST), let alone wildly profitable for the smart money. But for today's investors, that's also irrelevant. In the aftermath, this $5 billion market leader looks technically ready to sizzle. BYND Stock Strategy: This smart money stock is currently forming a two-week inside pattern consolidation within a bullish hammer backed by an oversold stochastics crossover pattern. This price action could also reasonably mark a higher-low variation of a classic double-bottom. My advice is to buy BYND stock if shares can rally above the pattern high of $83.50.I'd also recommend using a stop just beneath the pattern low and exit the position beneath $73.50 in BYND stock if necessary. Ultimately, Fibonacci supports have all failed already. Moreover, being able to capitalize on a deeper bottoming variation if that's what is in the cards, is a smart money move. Wayfair (W)Source: Charts by TradingView Wayfair is the market's top dog in e-commerce for home goods and furniture. During the third quarter, the smart money piled into 510,000 shares. As the monthly chart hints, Tiger Global is also down big-time on this position after earnings painted a mixed picture that was less-than-well-received by Wall Street.The good news for today's investors? There's no denying the decline in shares offers a nice opportunity to buy W stock as it challenges key technical support on the price chart. Right now, Wayfair is testing last December's ubiquitous bottom -- its lifetime 62% Fibonacci level and trendline support for the last couple years. Coupled with stochastics that are on the cusp of a bullish crossover signal, W stock earns its place as a smart money buy. * 7 5G Stocks to Buy Now for the Future W Stock Strategy: My smart money recommendation would be to buy W stock on price confirmation of a monthly chart bottom. Conceivably, this could occur as early as next week. To contain downside risk off and on the price chart, setting a stop-loss beneath the pattern low is an equally smart money move. New Relic (NEWR)Source: Charts by TradingView In cloud-based software analytics outfit New Relic, Tiger Global sank its teeth into a meaty 2.92 million shares during the second quarter after shares were gutted following earnings. Of the three, NEWR stock also happens to be the smart money's only profitable long choice.For today's investors, the price chart suggests the smart money approach is to wait and similarly look to buy shares of New Relic on weakness. The weekly view hints NEWR stock is increasingly likely to turn lower in the near term. An overbought stochastics and challenge of former price support from 2018 makes shares prone to a pullback.NEWR Stock Strategy: Given our outlook, put NEW stock on the radar for purchase if a simple pullback pattern over the next couple to few weeks develops. I'd also suggest any future pattern-based entries are backed by a bullish stochastics setup. If those criteria are met, using the low of the pullback or an exit as loose as $54, with appropriate sizing, is another smart money move worth consideration.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post 3 Smart Money Stocks to Buy appeared first on InvestorPlace.

  • Business Wire

    Dmitri Chen Joins New Relic as EVP and General Manager, Asia-Pacific and Japan

    New Relic, Inc. (NEWR), the world’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced the appointment of Dmitri Chen as EVP and general manager, Asia-Pacific and Japan (APJ), responsible for driving customer success in the region. Chen brings to New Relic over 20 years of experience in technology leadership, spanning software, hardware, and services.

  • Business Wire

    Pioneer Corporation Leverages the New Relic Observability Platform to Scale with Rapid Business Growth

    New Relic (NYSE: NEWR), the industry's largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, announced today that Pioneer Corporation, a Tokyo-based multinational corporation specializing in digital entertainment, car electronics, and mobility services, is utilizing the power of the New Relic Observability Platform to achieve better operational efficiency. At the same time, the Pioneer development team is now able to make better decisions faster on new service developments, using data such as usage rate of popular features, from New Relic’s real-time user monitoring capabilities. The fleet management market is expected to grow to $31.5 billion by 2023 [1].

  • ‘Tiger Cub’ Chase Colemans Pulls the Trigger on Beyond Meat, Wayfair, and New Relic
    TipRanks

    ‘Tiger Cub’ Chase Colemans Pulls the Trigger on Beyond Meat, Wayfair, and New Relic

    After cutting his teeth at Tiger Management, Chase Coleman become one of the “Tiger Cubs,” founding his own hedge fund in 2000, Tiger Global Management, with $25 million in seed money from his old boss. Since then, Coleman’s fund has grown to hold over $36 billion in assets under management. An important part of his successful strategy was a series of smart investments focused on long-term potential – his fund was an early investor in Facebook.In his most recent 13F filing, for the quarter ended September 30, Coleman’s fund revealed three new holdings which are sure to raise some eyebrows. Beyond Meat, Wayfair and New Relic have all generated plenty of buzz, along with real returns, but they each are facing serious headwinds, too. Not quite perfect storms of market chaos, but definitely some dark clouds of uncertainty on each of these companies.So, is Coleman right or wrong? We’ve opened up the database at TipRanks.com to find the latest takes from Wall Street’s analysts on all three of these stocks.Beyond Meat (BYND)A cleaner approach to our food and environment simply makes sense, and it’s hard to doubt the harshness of the industrialized animal husbandry. Beyond Meat was formed to correct this, and to provide a nutritious and sustainable food that also meets consumers’ desire for meat and meat products. Founded in 2009, the company has grown to a 5 billion dollar business, with its products on the shelves of Kroger, Meijer, and Target stores, among others, and in restaurants from TGI Fridays to Carl’s Jr. and A&W chains, to Del Taco.Coleman expressed his trust in Beyond Meat when his fund bought 175,000 shares of the company. BYND, which went public this past May at $25, peaked at $234 at the end of July. By the end of Q3, the period covered by the 13F filing, the shares were worth $148. BYND is trading at $80 now, making Tiger Global Management’s holding worth over $14 million.While a major hedge fund taking a large stake is a bullish sign, BYND has been showing bearish indicators recently. Wall Street’s analysts are clearly not convinced that Beyond Meat is going beyond even. Steven Strycula from UBS notes that BYND is a leader in its niche, pointing out that it has potential to disrupt the $1 trillion dollar-plus animal meat industry, but adds, “While we outline a robust revenue opportunity, we’re more cautious on Beyond Meat’s margin outlook as competition is intensifying, particularly from larger protein processors and packaged food peers who are likely to undercut Beyond Meat price points using excess capacity and a lower gross margin rate profile.” Strycula rates BYND a Hold along with an $85 price target, suggesting a modest upside of 5% for the stock. (To watch Strycula's track record, click here)Writing from William Blair, 4-star analyst Jon Andersen sees both potential and pitfall to BYND, with the pitfalls larger in the short term. He writes, “Our thesis is Beyond Meat represents a unique growth opportunity. This is due to its vast addressable market; strong value proposition; and rapidly developing brand and scale… valuation could limit stock price appreciation in the near term [on] our one-year horizon…”Overall, Beyond Meat has 13 recent analyst ratings, including 3 "buys," 8 "holds," and 2 "sells," adding up to a consensus view of Hold on the stock. Share are selling for $80, and the $113 average price target suggests a 40% upside, showing that, despite the headwinds, Wall Street still believes there is potential in this company and its products. (See Beyond Meat stock analysis on TipRanks)Wayfair (W)Wayfair leads the e-commerce market in home goods and furniture. It has no physical stores, but operates a network of offices and warehouses in the US and Canada, the UK and Ireland, and Germany. In its Q3 report, Wayfair reported an impressive year-over-year gain of 36% in direct retail revenue, to $2.3 billion for the quarter. Gross profits were up 23.4%, to $539.9 million, and active customers increased 38% to 19.1 million. In cash, cash equivalents, and investments, Wayfair listed $1.3 billion.A 36% gain in net revenues is a hopeful sign, especially coming after the 40% gains in Q2, and underlies Coleman’s acquisition of 510,000 shares of W in the third quarter. His fund now holds a $42 million stake in Wayfair. That was the good news. The bad news is, the company’s GAAP net loss was $272 million. Total operating expenses increased 48% from $538 million to $799 million. That expenses are rising so much faster than revues and gross profits is an ominous sign for the future. Wayfair’s net loss, which has been increasing since Q1 2018, is accelerating even as the company increases sales. Increased expenses are only one obstacle that Wayfair is facing; while the US-China trade issues get the headlines, the Trump Administration has also used tariffs, with less fanfare, in trade negotiations with the EU. As an international e-commerce leader, Wayfair is peculiarly sensitive to tariffs and duties.4-star Barclays analyst Adrienne Tennant is less than impressed with W stock. She writes, “We see W at a crossroads… to fuel top-line growth, it must continue to invest in acquiring customers as well as expanding into new categories and geographies… Simply curtailing spending to be in line with sales growth only results in the same EBITDA loss margin as the prior year... We think the mix of necessary spending and top-line volatility next year makes W uninvestable.”Tennant places a Sell on W, with a decidedly bearish $76 price target – indicating a downside potential of 9%. (To watch Tennant's track record, click here)Wall Street is not as bearish on W as Tennant, but is not convinced on this stock, either. W holds a Moderate Buy from the analyst consensus, based on 12 "buy" ratings – but also 8 "holds" and 2 "sells." Shares sell for $83, and the $106 average price target suggests an upside of 27%. (See Wayfair stock analysis on TipRanks)New Relic (NEWR)Public since December 2014, New Relic is tech company based in Silicon Valley. It offers cloud-based software analytics, allowing customers to track app performance online using the popular SaaS business model. For the fiscal year ending in March 2019, New Relic reported over $479 million in gross revenues.Fiscal 2020, however, started with some serious disappointment. While Q1 revenues were up 30% and met expectations at $140 million, the drilldowns were not so good. NEWR’s free cash flow of $19 million missed the estimate by $5 million; billings, at $125 million, were below the consensus of $131 million; and the company’s earnings beat reflected lower expenses rather than increased sales. NEWR missed its target on new customers for the quarter. Shares dropped by one third after the Q1 report.That drop was seen by Coleman and Tiger Global Management as a buying opportunity, because in Q2 the hedge purchased 2.92 million shares of NEWR, an acquisition worth over $196 million now. The NEWR purchase is the only one of the three in this list that has gained value since Coleman’s fund picked it up.The company’s recent Q2 report sheds some light on the stock’s relative strengths. NEWR showed an EPS of 24 cents, soundly beating the 15-cent expectation and nearly double the year-ago figure. Revenue was up to $145.8 million, a 4% sequential gain. Still, this stock is down 16% year-to-date. The company is introducing a new platform for its software products, and management has not yet convinced investors that the transition is smooth.Raimo Lenschow, 5-star analyst from Barclays and rated 20 overall in TipRanks’ database, takes a cautionary stance on NEWR. He writes, “We believe New Relic shares will likely come under pressure in the near term given… we believe Q2 didn’t provide evidence of moderating competitive headwinds, and it is still the very early stages of new platform adoption. Hence, we continue to expect a long recovery ahead and see limited upside… in the near to mid-term.” Lenschow’s $65 price target is bearish, and implies a downside potential of 3% to the stock.For the most part, the Street’s analysts are still somewhat bullish on NEWR. The stock’s Moderate Buy consensus rating is built on 10 "buys," a strong base that is moderated by 3 "holds" and 1 "sell." The $76 average price target suggests a potential upside of 13% from the $67 trading price. (See New Relic stock analysis on TipRanks)

  • GlobeNewswire

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of New Relic, Inc.

    NEW YORK, Nov. 12, 2019 -- Levi & Korsinsky reminds investors that it has commenced an investigation of New Relic, Inc. (“New Relic” of “the Company”) (NYSE: NEWR).

  • Thomson Reuters StreetEvents

    Edited Transcript of NEWR earnings conference call or presentation 5-Nov-19 10:00pm GMT

    Q2 2020 New Relic Inc Earnings Call

  • New Relic (NEWR) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    New Relic (NEWR) Surpasses Q2 Earnings and Revenue Estimates

    New Relic (NEWR) delivered earnings and revenue surprises of 60.00% and 1.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    New Relic Announces Second Quarter Fiscal Year 2020 Results

    Second quarter revenue increased 27% year-over-year to $145.8 million

  • MoneyShow

    Logos LP Eyes New Trends in Software

    We are currently in the middle of deflationary period for many once popular software stocks which began in late July and early August and certain names have dropped anywhere from 40-60% in a matter of months, notes Matthew Castel, money manager and editor of Logos LP Blog.

  • New Relic (NEWR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    New Relic (NEWR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    New Relic (NEWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • How Does New Relic, Inc. (NYSE:NEWR) Affect Your Portfolio Volatility?
    Simply Wall St.

    How Does New Relic, Inc. (NYSE:NEWR) Affect Your Portfolio Volatility?

    If you own shares in New Relic, Inc. (NYSE:NEWR) then it's worth thinking about how it contributes to the volatility...

  • Business Wire

    Global Survey Reveals Key Challenges and Technologies Expected to Drive the Next Phase of Digital Transformation

    FUTURESTACK -- New Relic, Inc. (NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced findings from a global survey evaluating the success of digital transformation projects.

  • Business Wire

    Gregory Ouillon Joins New Relic as EMEA Field Chief Technology Officer

    New Relic, Inc. (NEWR), the world’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced the appointment of Gregory Ouillon as field chief technology officer, Europe, Middle East, and Africa (EMEA). Ouillon brings to New Relic over 20 years of experience working on some of the largest software and infrastructure transformation projects for large international organisations. Ouillon led a major platform and portfolio transformation for SITAONAIR, which included re-factoring critical applications, moving to mobile, web, and cloud, introducing DevOps practices, re-architecting operational and business support systems, and developing security and compliance practices.

  • Hedge Funds Have Never Been This Bullish On New Relic Inc (NEWR)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On New Relic Inc (NEWR)

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Business Wire

    New Relic Announces Date of Second Quarter Fiscal Year 2020 Financial Results Conference Call

    New Relic, Inc. (NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, announced today that it will report its financial results for the second quarter ended September 30, 2019, after market close on Tuesday, November 5, 2019. The conference call can be accessed by dialing (833) 241-7256 from the United States or (647) 689-4220 internationally with conference ID 4695879 and a live webcast and replay of the conference call can be accessed from the investor relations page of New Relic’s company website at http://ir.newrelic.com. Following the completion of the call through 11:59 p.m. Eastern Time on November 12, 2019, a telephone replay will be available by dialing (800) 585-8367 from the United States or (416) 621-4642 internationally with conference ID 4695879.

  • PR Newswire

    Lifshitz & Miller LLP Announces Investigation of Aflac Inc., BeiGene, Ltd., Meredith Corporation, New Relic, Inc., Ollie's Bargain Outlet Holdings, Inc., SmileDirectClub, Inc., and Sonim Technologies, Inc.

    NEW YORK , Oct. 8, 2019 /PRNewswire/ -- Aflac Inc. (AFL) Lifshitz & Miller announces investigation into possible securities laws violations in connection with Aflac's disclosure that its Japanese sales ...

  • Benzinga

    Jim Cramer Gives His Opinion On Disney, Carnival Corp And More

    On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't understand how New Relic Inc (NYSE: NEWR ) could have such a degradation. Leidos Holdings Inc (NYSE: LDOS ) is a winner and it ...

  • New Relic Needs a Longer Repair Process Before It Is Interesting Again
    TheStreet.com

    New Relic Needs a Longer Repair Process Before It Is Interesting Again

    Shares of the enterprise software provider have not made much of a base since a big decline in early August, so it's best to avoid the stock for now.