$-0.08 EPS Expected for New Relic, Inc. (NEWR)

October 11, 2018 - By Nellie Frank

New Relic, Inc. (NYSE:NEWR) Logo

Analysts expect New Relic, Inc. (NYSE:NEWR) to report $-0.08 EPS on November, 6.They anticipate $0.17 EPS change or 68.00 % from last quarter’s $-0.25 EPS. After having $-0.03 EPS previously, New Relic, Inc.’s analysts see 166.67 % EPS growth. The stock decreased 4.67% or $3.98 during the last trading session, reaching $81.27. About 1.61M shares traded or 99.57% up from the average. New Relic, Inc. (NYSE:NEWR) has risen 120.69% since October 11, 2017 and is uptrending. It has outperformed by 105.07% the S&P500.

New Relic, Inc. (NYSE:NEWR) Ratings Coverage

Among 9 analysts covering New Relic Inc (NYSE:NEWR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. New Relic Inc had 14 analyst reports since May 9, 2018 according to SRatingsIntel. The company was maintained on Wednesday, August 8 by BMO Capital Markets. BMO Capital Markets upgraded the shares of NEWR in report on Wednesday, May 9 to “Buy” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, June 6. The stock of New Relic, Inc. (NYSE:NEWR) has “Sector Weight” rating given on Wednesday, June 6 by KeyBanc Capital Markets. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, June 5. The company was maintained on Wednesday, August 8 by Morgan Stanley. On Wednesday, May 9 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Equal-Weight” rating on Wednesday, June 27 by Morgan Stanley. The stock of New Relic, Inc. (NYSE:NEWR) earned “Outperform” rating by BMO Capital Markets on Tuesday, June 5. The stock of New Relic, Inc. (NYSE:NEWR) has “Buy” rating given on Tuesday, June 5 by Needham.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company has market cap of $4.59 billion. The company??s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It currently has negative earnings. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications.

More notable recent New Relic, Inc. (NYSE:NEWR) news were published by: Seekingalpha.com which released: “Buy Clorox At $140 – Cramer’s Lightning Round (10/3/18)” on October 04, 2018, also Bizjournals.com with their article: “Bay Area exodus: Here are the companies that have moved headquarters or opened offices out of California” published on October 09, 2018, Seekingalpha.com published: “New Relic: Expensive Relic From The Past” on September 28, 2018. More interesting news about New Relic, Inc. (NYSE:NEWR) were released by: Businesswire.com and their article: “New Relic Announces Date of Second Quarter Fiscal Year 2019 Financial Results Conference Call” published on October 08, 2018 as well as Fool.com‘s news article titled: “3 Top Mid-Cap Stocks to Buy Right Now” with publication date: October 06, 2018.

New Relic, Inc. (NYSE:NEWR) Ratings Chart

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