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NEWR

New Relic

$103.70

1.2 (1.17%)

16:09
08/07/18
08/07
16:09
08/07/18
16:09

New Relic reports Q1 adjusted EPS 15c, consensus 11c

Reports Q1 revenue $108.2M, consensus $106.13M.

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NEWR New Relic
$103.70

1.2 (1.17%)

08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
07/17/18
07/17/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ambarella (AMBA) initiated with a Neutral at BofA/Merrill. 2. New Relic (NEWR) initiated with a Hold at Argus. 3. Adecogro (AGRO) initiated with a Buy at Santander. 4. ElectroCore (ECOR) initiated with a Buy at BTIG and an Outperform at JMP Securities. 5. Apergy (APY) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/18
ARGS
07/17/18
INITIATION
ARGS
Hold
New Relic initiated with a Hold at Argus
Argus analyst Joseph Bonner initiated New Relic at Hold, saying the company stands to benefit from the growing market of data analytics and the transition of enterprise IT to more application and cloud-centric formats, but the management needs to demonstrate its ability to ramp up sales and capture market share. The analyst also notes the company's high valuation, with trailing enterprise value to revenue multiple of 16.5-times being "well above the high end of the four-year historical average range of 8-11-times". Bonner further points to New Relic's history of operating losses, though he also notes that the company has just posted its first operating profit in the December 2017 quarter.
07/11/18
DADA
07/11/18
INITIATION
Target $105
DADA
Neutral
New Relic initiated with a Neutral at DA Davidson
DA Davidson analyst Rishi Jaluria initiated New Relic with a Neutral rating and a price target of $105. The analyst says he is positive on the company's market opportunity as a leading provider of SaaS solutions in application performance monitoring as well as its strong execution and ongoing operational leverage. However, Jaluria also believes that the stock is "fully valued" at 11-times enterprise value to expected FY19 revenue, having risen about 280% since the start of 2017.

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ARZGY

Generali

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WIX

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AOBC

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ABEO

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PIR

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SCS

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LAND

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0.39 (3.28%)

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TMUS

T-Mobile

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1.79 (2.34%)

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0.24 (3.32%)

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TMUS

T-Mobile

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S

Sprint

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DISH

Dish

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ZBRA

Zebra Technologies

$200.57

-1.1 (-0.55%)

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ZBRA

Zebra Technologies

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UNH

UnitedHealth

$250.25

4.6 (1.87%)

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DaVita

$51.27

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DVA

DaVita

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SRRK

Scholar Rock

$17.11

-2.835 (-14.21%)

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QDEL

Quidel

$58.80

1.7 (2.98%)

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DELL

Dell Technologies

$53.39

1.88 (3.65%)

, HPQ

HP Inc.

$20.63

0.1 (0.49%)

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DELL

Dell Technologies

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HPQ

HP Inc.

$20.63

0.1 (0.49%)

INTC

Intel

$47.08

-0.29 (-0.61%)

MSFT

Microsoft

$135.63

0.43 (0.32%)

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

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CB

Chubb

$149.48

1.37 (0.92%)

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CABO

Cable One

$1,166.79

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WORK

Slack Technologies

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AABA

Altaba

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MSFT

Microsoft

$135.63

0.43 (0.32%)

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SPX

S&P 500

$0.00

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GVA

Granite Construction

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CGC

Canopy Growth

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VTR

Ventas

$69.65

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FB

Facebook

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

17:14
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  • 19

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

17:13
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  • 19

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

17:12
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06/19
17:12
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Earnings
Oracle sees Q1 adjusted EPS 80c-82c, consensus 80c »

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