New Relic Announces Third Quarter Fiscal Year 2019 Results

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Go back to New Relic Announces Third Quarter Fiscal Year 2019 Results

New Relic (NEWR) PT Raised to $117 at Raymond James

February 7, 2019 7:30 AM EST

Raymond James analyst Michael Turits raised the price target on New Relic (NYSE: NEWR) to $117.00 (from $109.00) while maintaining a Outperform rating.

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New Relic (NEWR) Tops Q3 EPS by 7c, Revenues Beat; Raises FY19 EPS/Revenue Outlook Above Consensus; Offers Q4 EPS/Revenue Guidance Above Consensus

February 6, 2019 4:25 PM EST

New Relic (NYSE: NEWR) reported Q3 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $124 million versus the consensus estimate of $120.11 million.

Results for the third quarter exceeded our guidance ranges on both the top and bottom lines, said Lew Cirne, CEO and founder, New Relic. As enterprises continue to invest in strategic software... More