New Relic, Inc., a software-as-a-service company, provides platform for engineers to plan, build, deploy, and operate software worldwide. It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software. The company also provides prebuilt dashboards and visualizations, as well as the ability to search across data types, create customized dashboards, and build applications that can be shared and customized by other users. In addition, it offers customers with software code to add to their applications and infrastructure; open data application performance interfaces, and software development kits, as well as open source connectors and technologies for customers, partners, and third-party developers to extend its platform into their products; cloud-based architecture and big data database; and New Relic Application Performance Monitoring, Mobile, Browser, Synthetics, Infrastructure, and Insights products for analyzing data. Further, the company provides New Relic chart builder, dashboards, and programmability features that allow customers to use connected data to build visuals; New Relic Applied Intelligence to spot abnormal behavior across billions of pieces of data; and New Relic Alerts, which provides a centralized notification system. It sells its products through direct sales organizations, and online and offline sales. The company was founded in 2007 and is headquartered in San Francisco, California.
IPO Year: 2014
Exchange: NYSE
Website: newrelic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2023 | $95.00 → $87.00 | Buy → Neutral | DA Davidson |
| 5/26/2023 | $75.00 → $95.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 5/24/2023 | $90.00 → $92.00 | Outperform | Robert W. Baird |
| 5/24/2023 | $100.00 → $95.00 | Buy | DA Davidson |
| 5/24/2023 | $65.00 → $77.00 | Hold | Truist |
| 4/6/2023 | $100.00 | Buy | DA Davidson |
| 1/9/2023 | $80.00 → $55.00 | Buy → Hold | Truist |
| 12/15/2022 | $68.00 | Neutral | Wedbush |
| 10/3/2022 | $150.00 → $57.00 | Overweight → Neutral | JP Morgan |
| 9/23/2022 | $78.00 | Outperform | Credit Suisse |
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DA Davidson downgraded New Relic from Buy to Neutral and set a new price target of $87.00 from $95.00 previously
RBC Capital Mkts upgraded New Relic from Sector Perform to Outperform and set a new price target of $95.00 from $75.00 previously
Robert W. Baird reiterated coverage of New Relic with a rating of Outperform and set a new price target of $92.00 from $90.00 previously
DA Davidson reiterated coverage of New Relic with a rating of Buy and set a new price target of $95.00 from $100.00 previously
Truist reiterated coverage of New Relic with a rating of Hold and set a new price target of $77.00 from $65.00 previously
DA Davidson initiated coverage of New Relic with a rating of Buy and set a new price target of $100.00
Truist downgraded New Relic from Buy to Hold and set a new price target of $55.00 from $80.00 previously
Wedbush initiated coverage of New Relic with a rating of Neutral and set a new price target of $68.00
JP Morgan downgraded New Relic from Overweight to Neutral and set a new price target of $57.00 from $150.00 previously
Credit Suisse initiated coverage of New Relic with a rating of Outperform and set a new price target of $78.00
New Relic integration ecosystem grows 25% to date in 2022, with additions from leading cloud services, open source tools, and enterprise technologies; appoints new VP of product partnerships to accelerate mature observability practices for engineering teams across all verticals and use cases 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 observability practices. The company has grown its technology partner ecosystem by over 25% to date in 2022, and now offers integrations with 500+ cloud services, open source tools, and enterprise technologies to empower every engineer to st
SAN FRANCISCO, Sept. 27, 2022 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, today announced it has appointed David Henshall to its board of directors, effective immediately. Most recently Henshall held the role of chief executive officer at Citrix Systems. During his nearly two decades with the company he also held roles as chief operating officer and chief financial officer, overseeing the company's worldwide finance, operations, and administration organizations. "I'm thrilled to welcome David to HashiCorp's board of directors. I believe he'll bring a great deal of value to HashiCorp given his extensive experience
Former AWS executive Siva Padisetty to lead Telemetry Data Platform and Global Infrastructure teams; former Salesforce executive Tia Williams joins New Relic to lead design and product experience New Relic (NYSE:NEWR), the observability company, announced the appointment of Siva Padisetty as SVP and GM, Telemetry Data Platform and Global Infrastructure and Tia Williams as GVP of Design and Product Experience. Padisetty joins New Relic from Amazon Web Services (AWS) where he served as GM of Management Tools. Williams joins New Relic from Salesforce where she served as Vice President of User Experience and Product Design. These appointments come on the heels of the announcement of former C3
Former CFO of C3 AI and Model N joins New Relic to accelerate its business goals and mission to help every engineer use data, not opinions at every stage of the software lifecycle New Relic (NYSE:NEWR), the observability company, announced David Barter as the company's next Chief Financial Officer. In this role, Barter will oversee global finance operations. Barter will assume the CFO role from Mark Sachleben, who, as previously announced, will retire from the company after 14 years of service. "David brings exceptional experience accelerating the business goals of high growth companies like Microsoft and General Electric, and is the right leader to be our next CFO," said New Relic CEO Bi
Pali Bhat, leading technologist at Reddit and formerly Google, recruited by company to join Board Kevin Galligan and Susan D. Arthur appointed to Board in connection with an agreement with JANA Partners LLC New Relic (NYSE:NEWR), the observability company, today announced several updates related to its Board of Directors. As the result of its ongoing board refreshment process, New Relic has appointed Pali Bhat to the Board of Directors, effective June 13, 2022. Mr. Bhat brings to New Relic's Board more than 15 years of expertise in leading teams and products across consumer services, developer platforms, fintech, and cloud. He has served as the Chief Product Officer of Reddit, Inc since
New Relic, Inc. (NYSE:NEWR), the observability company, announced it has appointed Takeshi Numoto, Executive Vice President and Chief Marketing Officer for Microsoft's Worldwide Commercial Business, to its board, effective December 14, 2021. As an accomplished, long-time executive at one of the world's most successful software brands, Numoto will bring deep enterprise software and product-led growth experience to his board role. "We are thrilled to welcome Takeshi Numoto to the New Relic Board of Directors," said Bill Staples, New Relic CEO. "Takeshi's reputation as an exceptional, data-driven leader who drives growth through customer value is 100% aligned with our consumption business mod
Former Google Cloud, IBM, and Adobe executive to accelerate the company's channel strategy and partner expansion to bring a data-driven approach to observability to millions of engineers and developers globally New Relic (NYSE:NEWR), the observability company, announced at AWS re:Invent 2021, hosted by Amazon Web Services, Inc. (AWS), its plans to advance its alliances, partnerships, and channel program to bring a data-driven approach to observability to millions of engineers and developers globally. New Relic has appointed Riya Shanmugam as Group Vice President of Global Alliances and Channels to further develop and strengthen the company's partner strategy and channel programs. As enterp
New Relic named among the 250 best led companies for its performance and value creation, market penetration and customer engagement, talent and leadership team New Relic, Inc. (NYSE:NEWR), the observability company, announced that it has earned a spot on Inc.'s first annual Best Led Companies list, an exciting 12-point measure of management excellence across the middle market — a select, data-driven list of the very strongest U.S. firms with revenue of $50 million to $2 billion. This novel program is the first Inc. recognition list to honor both public and private companies. New Relic was identified among the very best companies for its leadership teams' accomplishments in four key areas:
Atlanta, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Acuity Brands, Inc. (NYSE:AYI) (the "Company") announced today the retirement of Peter C. Browning from the Board and the election of Mark J. Sachleben as a member of the Board, both effective as of August 6, 2021. Mr. Sachleben will serve for a term that will expire at the Company's next annual meeting of stockholders. Mr. Sachleben currently serves as Chief Financial Officer of New Relic, Inc. (NYSE:NEWR), the Observability company that empowers engineers with a data driven approach to planning, building, deploying and running great software. There he drives financial strategy and reporting, and has also
Executive promotions include Kristy Friedrichs to Chief Operating Officer, Manav Khurana to Chief Growth Officer and Tracy Williams to Chief People Officer New Relic, Inc. (NYSE:NEWR), the observability company, announced the appointment of Anita Lynch to Chief Data Officer and additional promotions to the company's C-Suite. Lynch joins New Relic from The Walt Disney Company where she served as Vice President, Data Governance for Media and Entertainment Distribution (DMED) and Disney Streaming. Kristy Friedrichs, who served as New Relic's Chief People Officer for the past four years, has been promoted to the role of Chief Operating Officer. Manav Khurana has been promoted to Chief Growth O
New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced that its stockholders have voted to approve the acquisition of New Relic by Francisco Partners and TPG in a special meeting held yesterday. As previously announced, under the terms of the merger agreement, New Relic stockholders will receive $87.00 per share in cash for each share of New Relic common stock that they own. More than 99% of votes cast at the meeting were voted in favor of the transaction. New Relic will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. The transaction is expected to clos
Total revenue of $242.8 million, up 7% year over year GAAP operating margin of (8)%, non-GAAP operating margin of 19% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the second quarter of fiscal year 2024. Fiscal 2024 Second Quarter Results: Revenue: Total revenue was $242.8 million, up 7% from $226.9 million one year ago. Consumption revenue was $223.3 million, up 33% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 78.3%, compared to 71.5% one year ago. Non-GAAP gross margin was 79.7%, compared to 73.7% one year ago. Operating Income and Non-GAAP Operating Income(1): Loss from
New Relic is closest to the center of the 2023 GigaOm Radar for APM, representing the highest overall value to customers and its leadership in innovation New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced it has been named a Leader in the 2023 GigaOm Radar for APM. The report positions New Relic closest to the center of all four axes (Innovation, Maturity, Feature Play, and Platform Play), outperforming direct competitors in the observability space, and as the only vendor with outstanding focus and execution across all Key Criteria and Evaluation Metrics. This position represents the highest overall value to customers seeking APM capabilities today
Video-like playback feature includes privacy controls like encryption and obfuscation New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, launched New Relic Session Replay to provide engineers with vital context through a video-like playback feature to reproduce and resolve issues faster. With this, engineers gain a deeper understanding of users' interactions and optimize digital experiences with a granular view of telemetry data, down to the code level. Provided as an integrated capability of the New Relic all-in-one observability platform, engineers now have a cost-effective way to capture and scale the number of sessions while also increasing data flow and
Hart-Scott-Rodino waiting period has expired Acquisition by Francisco Partners and TPG remains on track to close late 2023 or early 2024 New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced the completion of the 45-day "go-shop" period pursuant to the terms of the previously announced definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash, representing an equity valuation of approximately $6.5 billion ("the Transaction"). The "go-shop" period concluded at 11:59 p.m.
Engineers can uncover alert coverage gaps and easily generate new alerts with AI-driven recommended conditions as part of the New Relic all-in-one platform New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced that it has further enhanced its AIOps capabilities with recommended alerts. This provides the ability to quickly detect and easily resolve alert coverage gaps by using AI to identify anomalous behavior, determine areas of the technology stack that aren't being monitored, and recommend new alerts to engineers. The industry's only observability solution that reduces the need to manually build numerous alert conditions using AI makes it easier to u
PHILADELPHIA, Aug. 16, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it has launched an investigation into the fairness of the recently proposed buyout of New Relic, Inc. ("New Relic") (NYSE:NEWR) shareholders by private equity firms Francisco Partners and TPG at $87.00 per share. The $87.00 per share buyout price appears to undervalue New Relic's shares. Notably, at the time the proposed buyout was negotiated and announced, several stock analysts had assigned price targets on New Relic's shares well above the $87.00 per share buyout price, including one who had assigne
Leading Australian airline deepens investment in observability to drive enhanced customer experiences across its digital landscape New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced that Virgin Australia, a leading Australian airline, has deepened its partnership with New Relic to enhance the delivery of online services to its customers. Virgin Australia understands the critical role online services play in delivering exceptional customer experiences. By using New Relic to establish a more proactive observability posture, Virgin Australia gains deep insights into its digital infrastructure, enabling faster troubleshooting and continuous improvemen
NEW YORK, Aug. 05, 2023 (GLOBE NEWSWIRE) -- EQRx, Inc. (NASDAQ:EQRX) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of EQRX to Revolution Medicines, Inc. Under the terms of the proposed merger, EQRX shareholders will receive the number of shares of Revolution Medicines, Inc. stock equal to the sum of ~7.69M Revolution Medicines, Inc. shares plus a number of shares equal to $870M divided by a price that is a 6% discount to the 5-day volume-weighted average Revolution Medicines Inc. share price measured in close proximity to the stockholder vote. If you are an EQRX investor, and would like additional information abo
Total revenue of $242.6 million, up 12% year over year GAAP operating margin of (14)%, non-GAAP operating margin of 15% Enters into definitive agreement to be acquired by Francisco Partners and TPG for $6.5 billion New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024. Fiscal 2024 First Quarter Results: Revenue: Total revenue was $242.6 million, up 12% from $216.5 million one year ago. Consumption revenue was $213.9 million, up 39% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 77.6%, compared to 70.5% one year ago. Non-GAAP gross margin was 79.4%
Total revenue of $242.8 million, up 7% year over year GAAP operating margin of (8)%, non-GAAP operating margin of 19% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the second quarter of fiscal year 2024. Fiscal 2024 Second Quarter Results: Revenue: Total revenue was $242.8 million, up 7% from $226.9 million one year ago. Consumption revenue was $223.3 million, up 33% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 78.3%, compared to 71.5% one year ago. Non-GAAP gross margin was 79.7%, compared to 73.7% one year ago. Operating Income and Non-GAAP Operating Income(1): Loss from
Total revenue of $242.6 million, up 12% year over year GAAP operating margin of (14)%, non-GAAP operating margin of 15% Enters into definitive agreement to be acquired by Francisco Partners and TPG for $6.5 billion New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024. Fiscal 2024 First Quarter Results: Revenue: Total revenue was $242.6 million, up 12% from $216.5 million one year ago. Consumption revenue was $213.9 million, up 39% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 77.6%, compared to 70.5% one year ago. Non-GAAP gross margin was 79.4%
New Relic Shareholders to Receive $87.00 Per Share in Cash New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, today announced that it has entered into a definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion. The purchase price represents a premium of approximately 26% to New Relic's 30-day volume-weighted average closing price ending on July 28, 2023, and approximately a 30% prem
New Relic (NYSE:NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for fiscal year 2024 first quarter, which ended June 30, 2023, after market close on Tuesday, August 8, 2023. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the New Relic investor relations website at http://ir.newrelic.com. New Relic also announced that it will participate in the following investor conference: Event: Canaccord Genuity 43rd Annual Growth Conference Date: Thursday, August 10, 2023
Fourth quarter total revenue of $242.5 million, up 18% year over year Focused execution led to consumption revenue of $203.8 million in the quarter, up 55% year over year Fourth quarter GAAP operating margin increased 4.3 pts, non-GAAP operating margin improved to 10.7% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the fourth quarter and full fiscal year 2023 ended March 31, 2023. "We finished the fiscal year with consumption revenue growing in excess of 30% excluding the impact of migrations, with profitability at a new high watermark, and with our innovation leadership recognized broadly. I'm very grateful fo
New Relic. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for its fourth quarter and fiscal year 2023, which ended March 31, 2023, after market close on Tuesday, May 23, 2023. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the New Relic Investor Relations website at http://ir.newrelic.com. Building upon the announcement of financial results for the fiscal year 2023, New Relic will be holding an analyst day to provide a multi-year financial outlook, as we
Focused execution led to revenue of $239.8 million, up 18% year over year GAAP gross margin increased 8 pts., non-GAAP gross margin increased 9 pts. to 77.6% GAAP and non-GAAP operating margin improved 13 pts., non-GAAP profitability hit 7.8% New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, announced financial results for the third quarter of fiscal year 2023. "We executed the quarter with relentless focus on our customers, product innovation and operations, and beat the high end of our guidance for revenue and profitability," said New Relic CEO Bill Staples. "We are well positioned for continued growth with our all-in-one observability platform and
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, which ended December 31, 2022, after market close on Tuesday, February 7, 2023. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the New Relic Investor Relations website at http://ir.newrelic.com. About New Relic As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New R
Exceeded high-end of guidance for revenue and non-GAAP operating profit Focused execution drove revenue of $226.9 million, reduced GAAP operating loss and achieved non-GAAP profitability one quarter earlier than planned New Relic, Inc. (NYSE:NEWR), the all-in-one observability platform for every engineer, today announced financial results for the second quarter of fiscal year 2023. "Our focused execution against our key priorities enabled us to beat the high-end of our guidance. We continue to innovate rapidly to further expand our all-in-one observability platform," said New Relic CEO Bill Staples. "We feel very well positioned as a strategic partner to our customers helping them standa
New Relic (NYSE:NEWR), the observability company, announced it will report its financial results for fiscal year 2023 second quarter, which ended September 30, 2022, after market close on Tuesday, November 8, 2022. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the New Relic Investor Relations website at http://ir.newrelic.com. About New Relic As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New Relic delivers the only unifie
New Relic (NYSE:NEWR) reported quarterlyadjusted earnings of $0.51 per share which beat the analyst consensus estimate of $0.39 by 30.77 percent. This is a 292.31 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $242.76 million which missed the analyst consensus estimate of $250.83 million by 3.22 percent. This is a 6.98 percent increase over sales of $226.91 million the same period last year.
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Jabil Inc. (NYSE:JBL) Jabil reported mixed fourth-quarter results and issued strong first-quarter earnings guidance. "The team delivered yet another solid year and
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Splunk Inc. (NASDAQ:SPLK) Cisco (NASDAQ:CSCO) announced it will acquire the company for roughly $28 billion. The company’s stock has a 52-week high of $145.81. . R
Analysts have provided the following ratings for New Relic (NYSE:NEWR) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 9 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 8 0 0 3M Ago 0 0 0 0 0 In the last 3 months, 9 analysts have offered 12-month price targets for New Relic. The company has an average price target of $85.67 with a high of $87.00 and a low of $75.00. Below is a summary of how these 9 analysts rated New Relic over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are o
Upgrades For Emerson Electric Co (NYSE:EMR), Vertical Research upgraded the previous rating of Hold to Buy. In the third quarter, Emerson Electric showed an EPS of $1.29, compared to $1.38 from the year-ago quarter. The current stock performance of Emerson Electric shows a 52-week-high of $100.62 and a 52-week-low of $72.42. Moreover, at the end of the last trading period, the closing price was at $98.60. For Shake Shack Inc (NYSE:SHAK), Northcoast Research upgraded the previous rating of Neutral to Buy. For the second quarter, Shake Shack had an EPS of $0.18, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. At the end of the l
B of A Securities raised the price target for Unity Software Inc. (NYSE:U) from $46 to $56. B of A Securities analyst Ryan Gee upgraded the stock from Neutral to Buy. Unity Software shares fell 3% to close at $35.71 on Thursday. Truist Securities boosted Vornado Realty Trust (NYSE:VNO) price target from $22 to $27. Truist Securities analyst Michael Lewis downgraded the stock from Buy to Hold. Vornado Realty Trust shares gained 2.9% to close at $25.24 on Thursday. Needham cut the price target for STAAR Surgical Company (NASDAQ:STAA) from $54 to $52. Needham analyst David Saxon maintained a Buy rating. STAAR Surgical shares fell 1.8% to $42.08 in pre-market trading. HC Wainwright & C
DA Davidson analyst Gil Luria downgrades New Relic (NYSE:NEWR) from Buy to Neutral and lowers the price target from $95 to $87.
Engineers can uncover alert coverage gaps and easily generate new alerts with AI-driven recommended conditions as part of the New Relic all-in-one platform