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NEWR

New Relic

$103.70

1.2 (1.17%)

16:10
08/07/18
08/07
16:10
08/07/18
16:10

New Relic sees Q2 adjusted EPS 11c-12c, consensus 5c

Sees Q2 revenue $110.5M-$112.5M, consensus $110.42M.

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    Aug

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    Sep

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    Nov

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.

TODAY'S FREE FLY STORIES

FMS

Fresenius Medical

$39.49

1.175 (3.07%)

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HPQ

HP Inc.

$20.63

0.1 (0.49%)

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DELL

Dell Technologies

$53.39

1.88 (3.65%)

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FNMA

Fannie Mae

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FMCC

Freddie Mac

$0.00

(0.00%)

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AAPL

Apple

$197.87

-0.65 (-0.33%)

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JBLU

JetBlue

$19.05

-0.21 (-1.09%)

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VYGR

Voyager Therapeutics

$27.87

0.05 (0.18%)

, SNY

Sanofi

$44.11

0.99 (2.30%)

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VYGR

Voyager Therapeutics

$27.87

0.05 (0.18%)

SNY

Sanofi

$44.11

0.99 (2.30%)

NBIX

Neurocrine

$85.47

-0.28 (-0.33%)

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ORCL

Oracle

$52.69

-0.19 (-0.36%)

05:02
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BFAM

Bright Horizons

$141.18

1.73 (1.24%)

04:59
06/20/19
06/20
04:59
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04:59
Upgrade
Bright Horizons rating change  »

Bright Horizons upgraded…

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ENBL

Enable Midstream

04:56
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04:56
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04:56
Initiation
Enable Midstream initiated  »

Enable Midstream…

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GHDX

Genomic Health

$54.26

-0.04 (-0.07%)

04:55
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04:55
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04:55
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  • 06

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CACI

CACI

$206.19

2.03 (0.99%)

04:55
06/20/19
06/20
04:55
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04:55
Conference/Events
CACI to hold a conference call »

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  • 20

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SIGI

Selective Insurance

$76.39

0.24 (0.32%)

04:55
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04:55
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Selective Insurance management to meet with Buckingham »

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  • 20

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RVNC

Revance

$11.57

0.09 (0.78%)

04:55
06/20/19
06/20
04:55
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Conference/Events
Revance management to meet with Needham »

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  • 20

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SMG

Scotts Miracle-Gro

$98.53

0.4 (0.41%)

04:55
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04:55
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Scotts Miracle-Gro management to meet with William Blair »

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  • 20

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AJG

Arthur J. Gallagher

$86.81

0.775 (0.90%)

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Arthur J. Gallagher management to meet with SunTrust »

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  • 20

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BGSF

BG Staffing

$17.46

0.37 (2.17%)

04:55
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BG Staffing management to meet with Oppenheimer »

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  • 20

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PZZA

Papa John's

$49.15

0.13 (0.27%)

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  • 20

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SSW

Seaspan

$9.22

0.06 (0.66%)

04:55
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Seaspan management to meet with Seaport Global »

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  • 20

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General news
Jobless Claims to be reported at 08:30 »

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ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

, BFC

Bank First National

$71.11

-2.38 (-3.24%)

04:55
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Conference/Events
Sandler O'Neill to hold a field trip »

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ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

BFC

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$71.11

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BWB

Bridgewater Bancshares

$11.38

0.19 (1.70%)

CZWI

Citizens Community Bancorp

$10.83

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FBIZ

First Business Financial

$23.41

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ICBK

County Bancorp

$17.19

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NCBS

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WSBF

Waterstone Financial

$16.85

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CVS

CVS Health

$54.89

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  • 20

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NXPI

NXP Semiconductors

$96.25

1.49 (1.57%)

04:55
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NXP Semiconductors to hold a conference call »

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  • 20

    Jun

  • 09

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04:55
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Conference/Events
UBS leisure/gaming analyst to hold an analyst/industry conference call. »

Leisure, Gaming &…

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