New Relic Announces Third Quarter Fiscal Year 2020 Results
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SunTrust Reiterates Buy Rating on New Relic (NEWR) Following 3Q Report
February 5, 2020 7:23 AM ESTSunTrust analyst Joel Fishbein Jr. reiterated a Buy rating and $85.00 price target on New Relic (NYSE: NEWR) following the company's 3Q earnings report. The Company reported $153M of revenue for 3Q20, ahead of consensus at $149M and the high end of guidance at... More
BMO Capital Downgrades New Relic (NEWR) to Market Perform
February 5, 2020 4:40 AM ESTBMO Capital analyst Keith Bachman downgraded New Relic (NYSE: NEWR) from Outperform to Market Perform with a price target of $72.00 (from $78.00).
The analyst comments "While we acknowledge that NEWR has an inexpensive valuation at less than 5x revs, we are skeptical about... More
New Relic (NEWR) Misses Q3 EPS by 3c, Revenues Beat; Lowers FY20 EPS Outlook, Raises FY20 Revenue Guidance, Provides Q4 Views
February 4, 2020 4:32 PM ESTNew Relic (NYSE: NEWR) reported Q3 EPS of $0.09, $0.03 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $153 million versus the consensus estimate of $149.18 million.
Third Quarter Fiscal Year 2020 Financial Highlights:
Revenue of $153.0 million, compared to $124.0 million for the third quarter of fiscal 2019.GAAP loss from operations was $(24.2) million, compared to $(8.5) million for the third quarter of fiscal 2019.Non-GAAP income from operations was $3.0 million, compared to $7.8 million for the third quarter of fiscal 2019.GAAP net... More