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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.

  • 07

    Aug

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    Aug

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    Aug

  • 12

    Aug

  • 12

    Sep

  • 06

    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

CASI

Casi Pharmaceuticals

$3.33

0.025 (0.76%)

16:47
11/14/18
11/14
16:47
11/14/18
16:47
Syndicate
Casi Pharmaceuticals files to sell 9.09M shares of common stock for holders »

The shares consist of…

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16:46
11/14/18
11/14
16:46
11/14/18
16:46
General news
API crude inventories for week of November 9 »

API reports that crude…

AJX

Great Ajax

$13.70

0.05 (0.37%)

16:45
11/14/18
11/14
16:45
11/14/18
16:45
Syndicate
Great Ajax files to sell convertible senior notes due 2024, no amount given »

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16:45
11/14/18
11/14
16:45
11/14/18
16:45
General news
Breaking General news story  »

Federal Reserve Chairman…

16:45
11/14/18
11/14
16:45
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16:45
General news
Breaking General news story  »

Dallas Federal Reserve…

BBT

BB&T

$50.54

-0.53 (-1.04%)

16:44
11/14/18
11/14
16:44
11/14/18
16:44
Earnings
BB&T sees FY19 revenue growth up 2%-4% »

Sees FY19 credit loss…

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  • 14

    Nov

  • 18

    Oct

ADP

ADP

$142.75

-2.11 (-1.46%)

16:43
11/14/18
11/14
16:43
11/14/18
16:43
Hot Stocks
Breaking Hot Stocks news story on ADP »

Ackman's Pershing…

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LOW

Lowe's

$95.02

-0.61 (-0.64%)

, UTX

United Technologies

$128.89

-0.245 (-0.19%)

16:41
11/14/18
11/14
16:41
11/14/18
16:41
Hot Stocks
Breaking Hot Stocks news story on Lowe's, United Technologies »

Ackman's Pershing…

LOW

Lowe's

$95.02

-0.61 (-0.64%)

UTX

United Technologies

$128.89

-0.245 (-0.19%)

03/08/13
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  • 20

    Nov

FANG

Diamondback Energy

$108.75

0.92 (0.85%)

, EGN

Energen

$69.80

0.68 (0.98%)

16:40
11/14/18
11/14
16:40
11/14/18
16:40
Hot Stocks
Diamondback, Energen say ISS, Glass Lewis recommend merger »

Diamondback Energy, Inc.…

FANG

Diamondback Energy

$108.75

0.92 (0.85%)

EGN

Energen

$69.80

0.68 (0.98%)

03/08/13
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03/06/13
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CDTI

CDTi

$1.49

-0.03 (-1.97%)

16:35
11/14/18
11/14
16:35
11/14/18
16:35
Hot Stocks
Breaking Hot Stocks news story on CDTi »

Clean Diesel Techologies…

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WNC

Wabash

$15.20

0.11 (0.73%)

16:33
11/14/18
11/14
16:33
11/14/18
16:33
Hot Stocks
Wabash increases dividend 6.7% to 8c per share »

Wabash approved a 6.7%…

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EYE

National Vision

$41.79

0.72 (1.75%)

16:32
11/14/18
11/14
16:32
11/14/18
16:32
Syndicate
Breaking Syndicate news story on National Vision »

National Vision files to…

03/08/13
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03/08/13
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CYTX

Cytori Therapeutics

$0.34

-0.0064 (-1.87%)

16:30
11/14/18
11/14
16:30
11/14/18
16:30
Earnings
Cytori Therapeutics reports Q3 EPS (27c), consensus (30c) »

Reports Q3 revenue $858K,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

16:30
11/14/18
11/14
16:30
11/14/18
16:30
Options
Preliminary option volume of 23.4M today »

Preliminary option volume…

APRN

Blue Apron

$1.17

-0.055 (-4.51%)

16:28
11/14/18
11/14
16:28
11/14/18
16:28
Downgrade
Blue Apron rating change  »

Blue Apron downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

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    Nov

ADS

Alliance Data

$199.76

-5.49 (-2.67%)

16:27
11/14/18
11/14
16:27
11/14/18
16:27
Initiation
Alliance Data initiated  »

Alliance Data initiated…

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  • 15

    Nov

ADP

ADP

$142.75

-2.11 (-1.46%)

16:26
11/14/18
11/14
16:26
11/14/18
16:26
Initiation
ADP initiated  »

ADP initiated with an…

03/08/13
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03/06/13
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EVOP

EVO Payments

16:26
11/14/18
11/14
16:26
11/14/18
16:26
Initiation
EVO Payments initiated  »

EVO Payments initiated…

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CATM

Cardtronics

$33.01

-0.01 (-0.03%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Initiation
Cardtronics initiated  »

Cardtronics initiated…

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03/08/13
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SFS

Smart & Final Stores

$4.96

-0.2 (-3.88%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Hot Stocks
Smart & Final Stores reports Q3 gross margin up 8.7% y/y »

Gross margin was $232.4M,…

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  • 14

    Nov

FIS

FIS

$104.57

-0.26 (-0.25%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Initiation
FIS initiated  »

FIS initiated with an…

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03/06/13
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  • 03

    Dec

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Conference/Events
Federal Reserve Bank of Dallas president participates in a discussion »

Federal Reserve Bank of…

KBH

KB Home

$20.80

-0.135 (-0.64%)

16:25
11/14/18
11/14
16:25
11/14/18
16:25
Conference/Events
KB Home to hold a conference call »

Management holds a…

03/08/13
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  • 14

    Nov

YUMA

Yuma Energy

$0.29

-0.0088 (-2.98%)

16:24
11/14/18
11/14
16:24
11/14/18
16:24
Hot Stocks
Yuma Energy retains Seaport Global to explore alternatives, liquidity options »

Yuma Energy announced…

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FDC

First Data

$17.83

-0.18 (-1.00%)

16:24
11/14/18
11/14
16:24
11/14/18
16:24
Initiation
First Data initiated  »

First Data initiated with…

03/08/13
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03/08/13
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03/06/13
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  • 12

    Dec

  • 03

    Mar

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