UPDATE: Needham & Company Downgrades New Relic (NEWR) to Hold

New Relic (NEWR) PT Lowered to $45 at RBC Capital

RBC Capital analyst Rishi Jaluria lowered the price target on New Relic (NYSE: NEWR) to $45.00 (from $90.00) while maintaining a Sector Perform rating.... More

New Relic (NEWR) PT Lowered to $85 at Truist Securities

Truist Securities analyst Joel Fishbein Jr. lowered the price target on New Relic (NYSE: NEWR) to $85.00 (from $95.00) while maintaining a Buy rating.... More

New Relic (NEWR) PT Lowered to $64 at Morgan Stanley

Morgan Stanley analyst Sanjit Singh lowered the price target on New Relic (NYSE: NEWR) to $64.00 (from $138.00) while maintaining a Overweight rating.... More

After-Hours Stock Movers 05/12: Robinhood Surges on Sam Bankman-Fried Stake; FIGS Collapses on Weak Guidance (more...)

After-Hours Stock Movers:

Robinhood (NASDAQ: HOOD) 25% HIGHER; FTX founder Sam Bankman-Fried takes a 7.6% stake.

FIGS (NYSE: FIGS) 25% LOWER; reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $116.92 million. FIGS sees FY2022 revenue of $510-530 million, versus the consensus of $556.5 million

Affirm Holdings (NASDAQ: AFRM) 25%... More

New Relic (NEWR) Misses Q4 EPS by 3c, Offers Guidance

New Relic (NYSE: NEWR) reported Q4 EPS of ($0.24), $0.03 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $206 million versus the consensus estimate of $204.52 million.

GUIDANCE:

New Relic sees Q1 2023 EPS of ($0.35)-($0.38), versus the consensus of... More

New Relic (NEWR) Announces Chief Financial Officer Transition

New Relic (NYSE: NEWR), the observability company, announced that Mark Sachleben has decided to retire from his role as Chief Financial Officer. While the company engages in a comprehensive search for his successor, Sachleben will remain in his role until his successor is named and the company has completed the successful... More