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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

BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

20:43
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Initiation
Audentes Therapeutics initiated  »

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  • 12

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VNOM

Viper Energy

$38.06

-0.29 (-0.76%)

20:42
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Upgrade
Viper Energy rating change  »

Viper Energy upgraded to…

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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

20:25
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Recommendations
scPharmaceuticals analyst commentary  »

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  • 24

    Sep

MDT

Medtronic

$90.06

-0.54 (-0.60%)

, TJX

TJX

$101.68

1.33 (1.33%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$90.06

-0.54 (-0.60%)

TJX

TJX

$101.68

1.33 (1.33%)

SJM

J.M. Smucker

$115.92

1.35 (1.18%)

KSS

Kohl's

$78.86

2.43 (3.18%)

COTY

Coty

$12.41

0.19 (1.55%)

TOL

Toll Brothers

$34.72

0.33 (0.96%)

PINC

Premier

$38.35

-0.03 (-0.08%)

03/08/13
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BHP

BHP Billiton

$48.30

0.38 (0.79%)

19:33
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08/20
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19:33
Hot Stocks
Breaking Hot Stocks news story on BHP Billiton »

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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

19:23
08/20/18
08/20
19:23
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19:23
Recommendations
Tallgrass Energy analyst commentary at MUFG »

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TLRY

Tilray

$35.91

5.2 (16.93%)

19:18
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  • 28

    Aug

LFL

LATAM Airlines

$0.00

(0.00%)

19:10
08/20/18
08/20
19:10
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19:10
Earnings
LATAM Airlines reports Q2 operating income $6.5M vs. $48.2M last year »

Reports Q2 revenue $2.36B…

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MNOV

MediciNova

$8.99

-0.11 (-1.21%)

19:08
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MediciNova says NIH awards research griant to UCLA for MN-166 trial »

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HTZ

Hertz

$21.05

0.155 (0.74%)

, FN

Fabrinet

$44.00

0.365 (0.84%)

18:45
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Hot Stocks
On The Fly: After Hours Movers »

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HTZ

Hertz

$21.05

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FN

Fabrinet

$44.00

0.365 (0.84%)

WDAY

Workday

$143.17

0.52 (0.36%)

SITO

Sito Mobile

$1.99

0.05 (2.58%)

NDSN

Nordson

$134.67

-0.12 (-0.09%)

APPN

Appian

$36.23

(0.00%)

CREE

Cree

$46.42

0.99 (2.18%)

MELI

MercadoLibre

$319.70

-4.3 (-1.33%)

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IBKR

Interactive Brokers

$61.99

0.76 (1.24%)

18:43
08/20/18
08/20
18:43
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18:43
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FINRA fines Interactive Brokers $5.5M for regulation SHO violations »

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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

18:29
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08/20
18:29
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18:29
Hot Stocks
LinkedIn to let economics researchers mine its data »

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  • 04

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GSB

GlobalSCAPE

$3.46

(0.00%)

18:27
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GlobalSCAPE to launch $15M modified Dutch auction tender offer »

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  • 10

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

18:24
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18:24
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Earnings
BHP reports FY18 underlying profit $9.6B, consensus $9.2B according to Bloomberg »

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LII

Lennox

$225.37

2.76 (1.24%)

18:19
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18:19
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Earnings
Lennox cuts FY18 adjusted EPS view to $8.90-$9.30 from $9.95-$10.35 »

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GDI

Gardner Denver

$28.29

0.36 (1.29%)

18:10
08/20/18
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18:10
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Initiation
Gardner Denver initiated at Morgan Stanley »

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
08/20/18
08/20
18:09
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18:09
Initiation
3M initiated at Morgan Stanley »

3M initiated with an…

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ETN

Eaton

$81.33

0.35 (0.43%)

18:05
08/20/18
08/20
18:05
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18:05
Initiation
Eaton initiated at Morgan Stanley »

Eaton initiated with an…

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FLS

Flowserve

$51.51

0.16 (0.31%)

18:01
08/20/18
08/20
18:01
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18:01
Initiation
Flowserve initiated at Morgan Stanley »

Flowserve initiated with…

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

17:59
08/20/18
08/20
17:59
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Initiation
Illinois Tool Works initiated at Morgan Stanley »

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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
08/20/18
08/20
17:56
08/20/18
17:56
Initiation
Colfax initiated at Morgan Stanley »

Colfax initiated with an…

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ALLE

Allegion

$86.97

0.26 (0.30%)

17:54
08/20/18
08/20
17:54
08/20/18
17:54
Initiation
Allegion initiated at Morgan Stanley »

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CGNX

Cognex

$52.42

0.02 (0.04%)

17:53
08/20/18
08/20
17:53
08/20/18
17:53
Initiation
Cognex initiated at Morgan Stanley »

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UTX

United Technologies

$135.14

0.73 (0.54%)

17:47
08/20/18
08/20
17:47
08/20/18
17:47
Periodicals
United Technologies buys analytics firm Predikto, Dow Jones says »

United Technologies has…

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JCI

Johnson Controls

$38.73

0.48 (1.25%)

17:47
08/20/18
08/20
17:47
08/20/18
17:47
Initiation
Johnson Controls initiated at Morgan Stanley »

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