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NEWR

New Relic

$85.99

-0.06 (-0.07%)

16:20
11/06/18
11/06
16:20
11/06/18
16:20

New Relic reports Q2 adjusted EPS 20c, consensus 12c

Reports Q2 revenue $114.9M, consensus $112.18M.

  • 06

    Nov

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    Nov

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    Nov

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    Dec

NEWR New Relic
$85.99

-0.06 (-0.07%)

10/10/18
WEDB
10/10/18
NO CHANGE
Target $116
WEDB
Outperform
New Relic price target lowered to $116 from $126 at Wedbush
Wedbush analyst Steve Koenig lowered his price target for New Relic to $116 from $126, while reiterating an Outperform rating on the shares. The analyst notes that the sharp correction in high-growth software has been particularly hard on New Relic, which is down 16% in the last 30 days. A big Q1 beat creates heightened expectations for Q2, but strong demand conditions for NEWR should produce a "satisfactory result," he contends. Koenig expects New Relic to sustain a high growth rate with only moderate deceleration, based on a long runway for penetrating enterprise accounts with developer-friendly, cloud-based offerings.
10/23/18
DADA
10/23/18
UPGRADE
DADA
Buy
New Relic upgraded to Buy from Neutral at DA Davidson
10/23/18
DADA
10/23/18
UPGRADE
Target $105
DADA
Buy
New Relic upgraded to Buy at DA Davidson on valuation
As reported earlier, DA Davidson analyst Rishi Jaluria upgraded New Relic to Buy from Neutral and kept his price target at $105. The analyst attributes the rating change to valuation, saying the 24% pullback in the company's stock price has created an "attractive entry point". Jaluria is also positive on New Relic prospects and expects it to remain a "prime beneficiary of the ongoing trend of digital transformation" while noting that investor concerns around the competitive pressures may be "too severe".
10/29/18
MSCO
10/29/18
NO CHANGE
MSCO
IBM deal reinforces Morgan Stanley confidence in Hybrid Cloud emergence
After IBM (IBM) announced its intention to acquire Red Hat (RHT) for about $34B in a deal with an over 60% premium to Red Hat's Friday closing price, Morgan Stanley analyst Keith Weiss said the announcement reinforced both his confidence in the emergence of Hybrid Cloud architectures and the strength of IT spending into 2019. Red Hat has been Microsoft's (MSFT) primary competitor within server operating systems, and has generally been taking share, said Weiss, who thinks the longer-term opportunity or threat for Microsoft hinges on the ability of IBM to execute well and maintain the open source enthusiasm around the Red Hat distributions. For VMware (VMW) and Pivotal Software (PVTL), while Weiss sees little near-term impact, he adds that the proposed combination would likely result in a fiercer competitive environment going forward. For New Relic (NEWR), he sees little direct competitive impacts from the proposed merger. Given HortonWorks' (HDP) strong existing ties to IBM, Cloudera (CLDR) could benefit by becoming a preferred data management vendor within the OpenShift ecosystem, Weiss added.

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BGC Partners

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0.24 (2.30%)

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MAIN

Main Street

$38.35

0.17 (0.45%)

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ADES

Advanced Emissions

$9.71

-0.17 (-1.72%)

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NTES

NetEase

$231.35

11.66 (5.31%)

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EOG

EOG Resources

$101.64

3.54 (3.61%)

06:57
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AZN

AstraZeneca

$41.36

-0.045 (-0.11%)

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NVDA

Nvidia

$202.65

5.43 (2.75%)

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YNDX

Yandex

$29.40

0.48 (1.66%)

06:52
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Yandex to launch online taxi-hailing service in Israel, Reuters reports »

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NVDA

Nvidia

$202.65

5.43 (2.75%)

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JPM

JPMorgan

$110.07

2.71 (2.52%)

, V

Visa

$141.91

2.625 (1.88%)

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Chase, Visa partner for contactless credit cards »

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JPM

JPMorgan

$110.07

2.71 (2.52%)

V

Visa

$141.91

2.625 (1.88%)

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NVDA

Nvidia

$202.65

5.43 (2.75%)

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AMAT

Applied Materials

$35.03

1.44 (4.29%)

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PFLT

PennantPark Floating Rate

$13.06

-0.08 (-0.61%)

06:43
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06:43
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CAH

Cardinal Health

$57.62

0.315 (0.55%)

06:42
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Cardinal Health rating change  »

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  • 02

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DB

Deutsche Bank

$9.89

0.03 (0.30%)

, BAC

Bank of America

$27.91

0.68 (2.50%)

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Deutsche Bank, BofA, JPM contacted over Danske investigation, Bloomberg reports »

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DB

Deutsche Bank

$9.89

0.03 (0.30%)

BAC

Bank of America

$27.91

0.68 (2.50%)

JPM

JPMorgan

$110.07

2.71 (2.52%)

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HD

Home Depot

$177.36

-2.54 (-1.41%)

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WSM

Williams-Sonoma

$60.60

-1.16 (-1.88%)

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FB

Facebook

$143.86

-0.39 (-0.27%)

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Facebook CEO says he was unaware of Definers Public Affairs hiring, BI reports »

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EMCI

EMC Insurance

$23.85

-0.07 (-0.29%)

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FB

Facebook

$143.86

-0.39 (-0.27%)

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Facebook faces renewed criticism from Washington after NYT story, Recode says »

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FUJHY

Subaru

$0.00

(0.00%)

06:25
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06:25
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Subaru rating change  »

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WSM

Williams-Sonoma

$60.60

-1.16 (-1.88%)

, RH

RH

$119.39

-4.73 (-3.81%)

06:24
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WSM

Williams-Sonoma

$60.60

-1.16 (-1.88%)

RH

RH

$119.39

-4.73 (-3.81%)

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MMTOF

Mitsubishi Motors

$0.00

(0.00%)

06:23
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FB

Facebook

$143.86

-0.39 (-0.27%)

, PUBGY

Publicis

$0.00

(0.00%)

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Facebook (FB) is coming…

FB

Facebook

$143.86

-0.39 (-0.27%)

PUBGY

Publicis

$0.00

(0.00%)

WPP

WPP

$55.45

-0.65 (-1.16%)

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