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NEWR

New Relic

$103.78

1.28 (1.25%)

16:11
08/07/18
08/07
16:11
08/07/18
16:11

New Relic raises FY19 adjusted EPS view to 39c-46c from 29c-37c

Consensus 36c. Raises FY19 revenue view to $457.5M-$462.5M from $452M-$458M, consensus $457.66M.

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NEWR New Relic
$103.78

1.28 (1.25%)

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.
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.
07/17/18
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.
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).

TODAY'S FREE FLY STORIES

ENS

EnerSys

$66.07

0.2997 (0.46%)

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EnerSys management to meet with SunTrust »

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GBT

Global Blood Therapeutics

$64.21

1.2 (1.90%)

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KRYS

Krystal Biotech

$37.20

7.92 (27.05%)

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CNC

Centene

$55.52

-0.86 (-1.53%)

, WCG

WellCare

$296.08

-3.1 (-1.04%)

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WellCare

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QUAD

Quad/Graphics

$8.16

-0.94 (-10.33%)

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SBH

Sally Beauty

$13.02

-1.77 (-11.97%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$171.00

-25.38 (-12.92%)

12:00
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VelocityShares 3x Inv Natural Gas ETN falls -13.0% »

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RTEC

Rudolph Technologies

$27.82

2.81 (11.24%)

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TLRD

Tailored Brands

$6.16

0.62 (11.19%)

12:00
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UGAZ

VelocityShares 3x Long Natural Gas ETN

$15.45

1.71 (12.45%)

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VelocityShares 3x Long Natural Gas ETN rises 12.6% »

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11:55
06/24/19
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11:55
General news
Treasury's $72 B 3- and 6-month bill auctions were ok but sloppy »

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INGN

Inogen

$72.22

0.93 (1.30%)

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11:55
Conference/Events
William Blair medical tech analyst to hold a luncheon »

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GTLS

Chart Industries

$70.49

0.33 (0.47%)

11:54
06/24/19
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Conference/Events
Chart Industries management to meet with Seaport Global »

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SPY

SPDR S&P 500 ETF Trust

$294.30

0.31 (0.11%)

, SPX

S&P 500

$0.00

(0.00%)

11:50
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06/24
11:50
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11:50
General news
Trump signing executive order for 'strong sanctions' on Iran, Bloomberg reports »

Bloomberg quotes…

SPY

SPDR S&P 500 ETF Trust

$294.30

0.31 (0.11%)

SPX

S&P 500

$0.00

(0.00%)

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HAL

Halliburton

$22.55

-0.28 (-1.23%)

11:50
06/24/19
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Options
Halliburton trader exits late-may risk-reversal for a loss »

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KRYS

Krystal Biotech

$37.20

7.92 (27.05%)

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Krystal Biotech analyst commentary  »

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TLRD

Tailored Brands

$6.11

0.565 (10.20%)

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Options
Tailored Brands call volume above normal and directionally bullish »

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SPOT

Spotify

$149.94

1.77 (1.19%)

, AAPL

Apple

$199.39

0.62 (0.31%)

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Periodicals
Apple hits back at Spotify's claims of unfair App Store treatment, AI reports »

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SPOT

Spotify

$149.94

1.77 (1.19%)

AAPL

Apple

$199.39

0.62 (0.31%)

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6-Month Bill Auction Total Amount data reported »

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3-Month Bill Auction Total Amount data reported »

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OXFD

Oxford Immunotec

$13.88

-0.22 (-1.56%)

11:37
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11:37
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SPOT

Spotify

$149.99

1.82 (1.23%)

, DE

Deere

$167.23

2.94 (1.79%)

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On The Fly
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Check out today's top…

SPOT

Spotify

$149.99

1.82 (1.23%)

DE

Deere

$167.23

2.94 (1.79%)

AGCO

Agco

$76.63

1.92 (2.57%)

IP

International Paper

$42.49

-1.13 (-2.59%)

OXY

Occidental Petroleum

$49.84

-0.78 (-1.54%)

APC

Anadarko

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OAS

Oasis Petroleum

$5.45

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SHOP

Shopify

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-10.77 (-3.30%)

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FB

Facebook

$193.42

2.26 (1.18%)

11:30
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Lots of likes for short-term Facebook upside calls »

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SIG

Signet Jewelers

$17.49

-0.13 (-0.74%)

11:25
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Options
Signet Jewelers call volume above normal and directionally bullish »

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TVTY

Tivity Health

$17.18

-0.23 (-1.32%)

11:24
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Conference/Events
Tivity Health management to meet with SunTrust »

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