New Relic (NYSE:NEWR) will be posting its quarterly earnings results after the market closes on Tuesday, November 6th. Analysts expect New Relic to post earnings of ($0.08) per share for the quarter. New Relic has set its Q2 guidance at $0.11-0.12 EPS and its FY19 guidance at $0.39-0.46 EPS.
New Relic (NYSE:NEWR) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $108.22 million during the quarter, compared to the consensus estimate of $106.09 million. New Relic had a negative net margin of 9.13% and a negative return on equity of 12.19%. On average, analysts expect New Relic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE:NEWR opened at $87.13 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.83 and a current ratio of 3.83. New Relic has a one year low of $50.27 and a one year high of $114.78.
In other New Relic news, insider James R. Gochee sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $89.99, for a total value of $359,960.00. Following the completion of the sale, the insider now directly owns 306,946 shares of the company’s stock, valued at approximately $27,622,070.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James R. Gochee sold 508 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $101.48, for a total transaction of $51,551.84. Following the completion of the sale, the insider now directly owns 311,454 shares of the company’s stock, valued at $31,606,351.92. The disclosure for this sale can be found here. Insiders sold a total of 346,742 shares of company stock valued at $33,805,571 over the last ninety days. 20.40% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of New Relic from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of New Relic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. DA Davidson raised shares of New Relic from a “neutral” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of New Relic from $80.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 8th. Finally, ValuEngine downgraded shares of New Relic from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 30th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. New Relic has a consensus rating of “Buy” and an average price target of $97.00.
New Relic Company Profile
New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.
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