SEC Form SC 13G/A filed by New Relic Inc. (Amendment)
$NEWR
Computer Software: Prepackaged Software
Technology
Save time and jump to the most important pieces.
| 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 |
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
SC 13G/A - NEW RELIC, INC. (0001448056) (Subject)
SC 13D/A - NEW RELIC, INC. (0001448056) (Subject)
SC 13D/A - NEW RELIC, INC. (0001448056) (Subject)
4 - NEW RELIC, INC. (0001448056) (Issuer)
4 - NEW RELIC, INC. (0001448056) (Issuer)
4 - NEW RELIC, INC. (0001448056) (Issuer)
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
15-12G - NEW RELIC, INC. (0001448056) (Filer)
S-8 POS - NEW RELIC, INC. (0001448056) (Filer)
S-8 POS - NEW RELIC, INC. (0001448056) (Filer)
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
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
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