SunTrust Reiterates Buy Rating on New Relic (NEWR) Following 3Q Report

New Relic (NEWR) PT Lowered to $108 at Needham & Company

February 5, 2020 7:34 AM EST

Needham & Company analyst Jack Andrews lowered the price target on New Relic (NYSE: NEWR) to $108.00 (from $110.00) while maintaining a Buy rating.

The analyst commented, "NEWR reported mixed 3QFY20 results as revenue and billings beat consensus but EPS, net dollar-based expansion, and FY20 EPS... More

Wedbush Downgrades New Relic (NEWR) to Neutral

February 5, 2020 6:45 AM EST

Wedbush analyst Steve Koenig downgraded New Relic (NYSE: NEWR) from Outperform to Neutral.

For an analyst ratings summary and ratings history on New Relic click here. For more ratings news on New Relic click here.

Shares of New Relic closed at $70.77 yesterday.

... More

BMO Capital Downgrades New Relic (NEWR) to Market Perform

February 5, 2020 4:40 AM EST

BMO 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

After-Hours Stock Movers 02/04: (USNA) (MKSI) (PYPL) Higher; (PLT) (KN) (ZIOP) Lower (more...)

February 4, 2020 6:06 PM EST

After-Hours Stock Movers

Plantronics (NYSE: PLT) 30% LOWER; reported Q3 EPS of $0.30, $0.16 better than the analyst estimate of $0.14. Revenue for the quarter came in at $392 million versus the consensus estimate of $400.51 million. Plantronics sees Q4 2020 EPS of ($0.36)-$0.19, versus the consensus of $0.51. Plantronics sees Q4 2020 revenue of $354-394 million, versus the consensus of $441 million.

USANA Health Sciences (NYSE: USNA) 21.2% HIGHER; reported Q4 EPS of $1.41, $0.43 better than the analyst estimate of $0.98. Revenue for the quarter came in at $271.3 million versus the... 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 EST

New 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

New Relic (NEWR) Offers a Favorable Setup Into Earnings - Needham & Company

February 3, 2020 7:06 AM EST

Needham & Company analyst Jack Andrews reiterated a Buy rating and $110.00 price target on New Relic (NYSE: NEWR) seeing a favorable Risk/Reward setup ahead of 3Q20 earnings results on Tuesday, February 4th.

The analyst stated "we have fielded a number of... More

UPDATE: Raymond James Upgrades New Relic (NEWR) Two Notches to Strong Buy

February 3, 2020 6:29 AM EST

(Updated - February 3, 2020 7:42 AM EST)

(updated to add analyst comments)

Raymond James analyst Michael Turits upgraded New Relic (NYSE: NEWR) from Market Perform to Strong Buy with a price target of $83.00.

stock still 39% off its 52-week highs,... More