New Relic Announces Second Quarter Fiscal Year 2022 Results

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New Relic (NEWR) PT Raised to $131 at Needham & Company

November 9, 2021 6:38 AM EST

Needham & Company analyst Jack Andrews raised the price target on New Relic (NYSE: NEWR) to $131.00 (from $84.00) while maintaining a Buy rating.

The analyst commented, "NEWR reported a strong 2QFY22, highlighted by a sharp acceleration in YoY revenue growth to 18% (up from 11% in 1QFY21),... More

New Relic (NEWR) Tops Q2 EPS by 3c

November 8, 2021 4:47 PM EST

New Relic (NYSE: NEWR) reported Q2 EPS of ($0.10), $0.03 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $196 million versus the consensus estimate of $182.2 million.

GUIDANCE:

New Relic sees Q3 2022 EPS of ($0.15)-($0.18), versus the consensus of... More