New Relic, Inc. (NEWR)

NYSE: NEWR · IEX Real-Time Price · USD
75.68
+3.24 (4.47%)
Mar 31, 2023, 1:06 PM EDT - Market open
4.47%
Market Cap 5.21B
Revenue (ttm) 888.89M
Net Income (ttm) -178.53M
Shares Out 68.88M
EPS (ttm) -2.68
PE Ratio n/a
Forward PE 90.09
Dividend n/a
Ex-Dividend Date n/a
Volume 361,383
Open 72.97
Previous Close 72.44
Day's Range 72.71 - 76.24
52-Week Range 41.66 - 80.88
Beta 0.90
Analysts Buy
Price Target 81.97 (+8.31%)
Earnings Date May 11, 2023

About NEWR

New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based platform, which enables users to collect, store, and analyze telemetry data. The company's platform also provides New Relic Instant Observability, an open-source ecosystem of quickstarts that delivers pre-built integrations, dashboards, and alerts for approximately 450 technologies and fram... [Read more]

Sector Technology
IPO Date Dec 12, 2014
Employees 2,217
Stock Exchange NYSE
Ticker Symbol NEWR
Full Company Profile

Financial Performance

In 2022, New Relic's revenue was $785.52 million, an increase of 17.65% compared to the previous year's $667.65 million. Losses were -$250.40 million, 30.0% more than in 2021.

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for NEWR stock is "Buy." The 12-month stock price forecast is $81.97, which is an increase of 8.31% from the latest price.

Price Target
$81.97
(8.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 Segments of Software Set to Soar

After a rough 2022, software stocks have come back with a vengeance in 2023. Currently, many fundamentally sound companies are setting up in constructive technical patterns.

Other symbols: FTNTHUBSIGVPANW
2 days ago - Zacks Investment Research

Intelligent Growth Solutions Standardizes on New Relic

SAN FRANCISCO--(BUSINESS WIRE)-- #agritech--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that fast-growing agritech and vertical farming business Intelli...

1 week ago - Business Wire

New Relic Launches Industry's First OpenAI GPT Observability Integration

SAN FRANCISCO--(BUSINESS WIRE)-- #generativeai--FUTURESTACK – New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced a first-of-its-kind machine learning operation...

2 weeks ago - Business Wire

New Relic Launches JFrog Integration

SAN FRANCISCO--(BUSINESS WIRE)-- #jfrog--FUTURESTACK – New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, and JFrog (NASDAQ:FROG), the Liquid Software company and creator...

Other symbols: FROG
2 weeks ago - Business Wire

New Relic Named #1 Most Innovative Platform in Cloud Observability by GigaOm

SAN FRANCISCO--(BUSINESS WIRE)-- #gigaom--New Relic, the all-in-one observability platform for every engineer, announced it has been named a Leader and Outperformer in the 2023 GigaOm Radar for Cloud ...

2 weeks ago - Business Wire

New Relic CodeStream Code-Level Metrics Available for All Languages

SAN FRANCISCO--(BUSINESS WIRE)-- #codestream--New Relic, the all-in-one observability platform for every engineer, announced CodeStream code-level metrics and service-level telemetry to deliver insigh...

3 weeks ago - Business Wire

New Relic Announces Goal for Net-Zero Greenhouse Gas Emissions by 2030

SAN FRANCISCO--(BUSINESS WIRE)-- #SBTi--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2030 ...

1 month ago - Business Wire

3 Key Elements of Winning Stocks - This Trio Has Them

Wall St's biggest winners often have 3 key characteristics in common: earnings growth, catalysts, and strong price and volume. Andrew Rocco breaks down 3 stocks with these ingredients.

Other symbols: ABNBMETA
1 month ago - Zacks Investment Research

New Relic to Participate in Upcoming Investor Conferences

SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc.

1 month ago - Business Wire

Benevity Standardizes on New Relic

SAN FRANCISCO--(BUSINESS WIRE)-- #benevity--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that Benevity, the leading provider of global corporate purpose ...

1 month ago - Business Wire

Here's Why New Relic (NEWR) is a Great Momentum Stock to Buy

Does New Relic (NEWR) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

Jim Cramer gives a recap on New Relic's latest quarterly earnings

Cramer explained what to make of New Relic's latest quarterly earnings report.

1 month ago - CNBC Television

New Relic CEO on the company's relationships with customers

Cramer spoke with New Relic CEO Bill Staples on Thursday.

1 month ago - CNBC Television

Earnings Gappers: 3 Stocks Set to Build off Strong EPS

Earnings reactions thus far in 2023 have been largely positive. Positive earnings often can provide follow on entries in the form of breakaway gaps.

Other symbols: METAWWE
1 month ago - Zacks Investment Research

New Relic (NEWR) Q3 Earnings and Revenues Top Estimates

New Relic (NEWR) delivered earnings and revenue surprises of 100% and 3.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

New Relic stock soars after earnings as forecast tops expectations

Shares of New Relic Inc. NEWR, +1.48% were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast. The softw...

1 month ago - Market Watch

William Hill Standardizes on New Relic

SAN FRANCISCO--(BUSINESS WIRE)-- #newrelic--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that William Hill, one of the world's largest sports betting and...

1 month ago - Business Wire

New Relic Announces Third Quarter Fiscal Year 2023 Results

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the third quarter of fiscal year 202...

1 month ago - Business Wire

New Relic Launches Industry's Only Full-Stack Change Tracking Solution

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, launched the industry's only change tracking solution that gives engineering teams c...

2 months ago - Business Wire

New Relic Now Available as a Native Azure Service

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the general availability of the Azure Native New Relic Service in the Micr...

2 months ago - Business Wire

New Relic Announces Date of Third Quarter Fiscal Year 2023 Financial Results Conference Call

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for fiscal year 2023 third quarter, w...

2 months ago - Business Wire

New Relic Announces General Availability of Vulnerability Management

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the general availability of New Relic Vulnerability Management to provide ...

2 months ago - Business Wire

New Relic Launches New Error Tracking Capabilities

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the general availability of new error tracking capabilities to help engine...

2 months ago - Business Wire

New Relic Expands Technology Partner Ecosystem with Over 100 Integrations

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it has expanded its partner ecosystem to help organizations mature their o...

3 months ago - Business Wire

New Relic Recognized as 2022 Gartner® Peer Insights™ Customers' Choice for Application Performance Monitoring and Observability among Global and Large Enterprises

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the company has been named Customers' Choice in the 2022 Gartner Peer Insi...

4 months ago - Business Wire