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  1. Nov 7, 2023 · Get the latest New Relic, Inc. (NEWR) stock price quote with news, financials and other important investing information.

    • 6.12B
    • 967.64M
    • 144.42M
    • 70.30M
  2. Nov 7, 2023 · The 11 analysts with 12-month price forecasts for New Relic stock had an average target of 85.36, with a low estimate of 75 and a high estimate of 88. Analyst Consensus: Hold. * Price targets were last updated on Sep 15, 2023. Analyst Ratings. The average analyst rating for New Relic stock from 14 stock analysts was "Hold".

  3. Nov 14, 2021 · At current share prices near $122, New Relic has a market cap of $7.96 billion. After we net off the $783.5 million of cash and $496.5 million of debt on New Relic's most recent balance sheet,...

    • What Happened
    • So What
    • Now What

    Shares of enterprise-software company New Relic (NEWR)jumped on Wednesday after it reported financial results for the third quarter of its fiscal 2023. Adjusted profits came in much higher than Wall Street expected, and that's a leading reason New Relic stock was up 20% as of 11:40 a.m. ET.

    New Relic's management had guided for Q3 revenue of up to $235 million. However, the company generated $239.8 million in Q3 revenue, well ahead of guidance and Wall Street's expectations. Even more impressive was New Relic's rapid improvements with profitability. The company's gross profit marginin Q3 was 74.4%, up dramatically from its 66.2% gross...

    According to management, New Relic gained over 800 net new paying customers in Q3. To me, this is the most important takeaway from the company's report. Right now, many enterprises are cutting back or pausing spending on enterprise software. Moreover, New Relic has a free tier. Gaining that many paying customers in a time like this is an impressive...

    • Jon Quast
  4. Nov 9, 2021 · Shares of software-as-a-service company New Relic ( NEWR) skyrocketed on Tuesday, rising as much as 40.2%. When the market closed, the shares were up 38.5%.

    • Daniel Sparks
  5. May 30, 2023 · Whether standalone or as an acquisition target, New Relic's <5x forward revenue valuation makes for an attractive entry point. Read more about NEWR stock here.

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  7. Feb 7, 2023 · Shares of New Relic Inc. NEWR were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast.

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