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$50.05 -$0.69 (-1.4%)

04:00 PM EDT on 06/30/22

New Relic (NYSE:NEWR)

CAPS Rating: 3 out of 5

Current Price $50.05 Mkt Cap $3.3B
Open $49.90 P/E Ratio 0.00
Prev. Close $50.05 Div. (Yield) $0.00 (0.0%)
Daily Range $47.85 - $51.05 Volume 971,848
52-Wk Range $41.66 - $129.70 Avg. Daily Vol. 1,274,683

Caps

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All Players

138 Outperform
6 Underperform
 

All-Star Players

25 Outperform
3 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:NEWR Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

flynlady (55.20)
Submitted June 24, 2018

New Relic is in the digital intelligence business. Founder Lew Cirne is still heavily invested and a pioneer of a category of software called application performance management (APM). New Relic takes the APM concept of “monitor, analyze, correct” how… More

jfdihansen (49.31)
Submitted March 30, 2021

Increased operating costs as business scales offsets revenue gains year over year

NYSE:NEWR Summary

Fools bullish on NYSE:NEWR are also bullish on:

Fools bearish on NYSE:NEWR are also bearish on:

Recent Community Commentary

Read the most recent pitches from players about NEWR.

Recs

0
Member Avatar Rainman19 (< 20) Submitted: 11/18/2021 6:16:11 PM : Outperform Start Price: $119.26 NYSE:NEWR Score: -38.43

What a comeback!!!

Recs

0
Member Avatar ppmoses (< 20) Submitted: 10/23/2021 6:03:48 AM : Outperform Start Price: $77.77 NYSE:NEWR Score: -18.76

New Relic has changed their pricing model to a simple users + data ingest based consumption pricing and converted 80+% of their customers to this new model. New Relic has been able to significantly increase the rate of retaining existing customers. The growth of paid users + data ingest is growing at a healthy pace in 6 months. New Relic has been leading innovation with new ways to get value from the platform like Pixie for Agentless Kubernetes Observability, added Network Performance Monitoring and has just announced in-IDE Observability with Codestream. New Relic has been able to quickly integrate recent acquisitions like Codestream and Pixie into its platform. New Relic signed a 500M partnership with AWS this year. Just recently they announced a partnership with Microsoft too. New Relic is currently trading at 5x 22 revenue and is very cheap compared to competitors like DDOG and DT. I would expect New Relic’s growth to be at a healthy 30% YoY by the end of this year making its true value at around $200 a share if it were priced at the same multiples of DT. I would expect New Relic to beat market expectations in Q3, perhaps even beat the EPS for a 3rd time in a row since Bill Staples has taken over. Bill Staples has changed New Relics vision to help engineers make data driven decisions across the entire DevOps lifecycle, Plan, Build, Deploy and Operate phases of DevOps. This will significantly increase the paid user base across existing customers. At 25 cents per GB data ingest costs, it is 5x cheaper than DDOG for data ingest and heaps more cheaper than Splunk or DT. It’s price can scale unlike DDOG that charges based on features and hosts. New Relic gave up its market leader position to DDOG but now Bill Staples has turned the company around and accelerated growth to catch up with DDOG in terms of product capability and is now arguably delivering much more value to its customers at a much lower price point than DDOG.

Recs

0
Member Avatar asclavakis (< 20) Submitted: 9/2/2021 1:31:47 PM : Outperform Start Price: $80.22 NYSE:NEWR Score: -20.99

this thing trades at a realistic multiple for a SaaS company

Leaderboard

Find the members with the highest scoring picks in NEWR.

Score Leader

nbalaraman

nbalaraman (< 20) Score: +141.85

The Score Leader is the player with the highest score across all their picks in NEWR.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
wjcoffman 93.10 5/15/2020 Underperform 1Y $64.66 -22.60% +33.45% +56.04 0 Comment
TMFSunLion 67.49 6/5/2020 Underperform 5Y $70.27 -28.77% +18.94% +47.71 0 Comment
mmzsglobo < 20 5/12/2020 Underperform 5Y $59.66 -16.11% +29.29% +45.40 0 Comment
redfox18 99.88 9/17/2019 Underperform 5Y $59.53 -15.92% +25.79% +41.72 0 Comment
Bigcaps19 91.96 9/4/2019 Underperform 5Y $56.55 -11.49% +28.65% +40.15 0 Comment
jfdihansen 49.31 3/31/2021 Underperform 3Y $58.04 -13.77% -4.50% +9.27 1 Comment
unixopsys 33.11 5/17/2021 7/29/2021 Outperform 3Y $57.89 -13.54% -8.92% -4.62 0 Comment
williamfcrosby < 20 5/6/2021 Outperform 5Y $59.71 -16.18% -9.20% -6.97 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. camistocks < 20 6/30/2016 Outperform 5Y $29.19 +71.46% +80.55% -9.08 0 Comment
dvanhoof < 20 3/29/2021 Outperform 5Y $58.58 -14.56% -4.27% -10.29 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for NEWR.