Streetbeat News

NEWR

New Relic Inc

https://newrelic.com/

CEO

Lewis Cirne

Employees

2,848

Industry

Software Publishers

new relic provides real-time performance insights into software, infrastructure and customer experience so software-driven businesses can innovate faster. new relic cuts through the complexity and risk associated with digital transformation, allowing you to accelerate cloud adoption, make devops work, and prepare for digital moments of truth.

Open

86.98

Mkt cap

6.2B

Volume

3.4M

High

87.01

P/E Ratio

-41.62

52-wk high

87.01

Low

86.97

Div yield

N/A

52-wk low

50.30

New Relic's stockholders have voted in favor of the company's acquisition by Francisco Partners and TPG. The decision was made during a special meeting held recently.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:32 am

New Relic (NYSE:NEWR) reported Q2 adjusted earnings of $0.51 per share, beating the analyst consensus estimate of $0.39 by 30.77%. This is a 292.31% increase from the same period last year. However, the company's quarterly sales of $242.76 million missed the analyst consensus estimate of $250.83 million by 3.22%, though it's a 6.98% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:30 am

The article lists four tech stocks that are considered overbought and may collapse in October. These include Jabil Inc. (JBL), New Relic, Inc. (NEWR), PFSweb, Inc. (PFSW), and Splunk Inc. (SPLK). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks. Jabil reported mixed Q4 results, New Relic is set to be acquired by Francisco Partners and TPG, PFSweb is to be acquired by GXO Logistics, and Splunk is to be acquired by Cisco.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 11:30 am

The article lists four tech stocks that are considered overbought and may collapse this month. These include Splunk Inc. (SPLK), which is being acquired by Cisco (CSCO) for $28 billion, New Relic, Inc. (NEWR), which reported better-than-expected Q1 results and is being acquired by Francisco Partners and TPG for $6.5 billion, Kaleyra, Inc. (KLR), which announced a strategic collaboration with Talisma, and DatChat, Inc. (DATS), which recently announced a 1-for-10 reverse stock split.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 12:05 pm

In the last quarter, 9 analysts have given indifferent ratings to New Relic (NYSE:NEWR) with no bullish or bearish ratings. The company has an average 12-month price target of $85.67, representing a 3.87% decrease from the previous average price target of $89.12.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 9:00 pm

Several analyst forecasts were released on Friday, with price target changes for Unity Software, Vornado Realty Trust, STAAR Surgical Company, BioLineRx, Adobe, KeyCorp, Apellis Pharmaceuticals, Estée Lauder Companies, Lindsay Corporation, New Relic, and MorphoSys. Most of the stocks were upgraded, with the exception of Vornado Realty Trust, Lindsay Corporation, and New Relic which were downgraded.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:17 am

DA Davidson analyst Gil Luria has downgraded New Relic (NEWR) from Buy to Neutral and lowered the price target from $95 to $87.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:18 am

New Relic announced that the HSR waiting period has expired and none of the 53 parties contacted submitted a competing acquisition proposal during the 'Go-Shop' period. The deal with Francisco Partners & TPG remains on track to close late 2023 or early 2024.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:10 am

New Relic has enhanced its AIOps with AI-driven recommended conditions, allowing engineers to uncover alert coverage gaps and generate new alerts. This is part of the New Relic all-in-one platform.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:11 pm

Raymond James analyst Adam Tindle has downgraded New Relic (NYSE:NEWR) from Strong Buy to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:45 am

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