New Relic shares are trading lower after the company issued weak Q1 revenue guidance.
Portfolio Pulse from Bill Haddad
New Relic shares are trading lower after the company issued weak Q1 revenue guidance.
May 23, 2023 | 8:42 pm
News sentiment analysis
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NEGATIVE IMPACT
New Relic's stock price is trading lower due to weak Q1 revenue guidance.
New Relic issued weak Q1 revenue guidance, which has led to a decrease in its stock price. Investors are concerned about the company's future performance, resulting in a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100