Tag Archives: newr

Broker Helps Keep New Relic Shares On Winning Streak

A strong rating from a brokerage initiating coverage on New Relic (NEWR) helped keep shares of the rising database software star percolating Monday. New Relic stock was up nearly 6% to near 40 in afternoon trading in the stock market today, on track for a closing high if it holds. New Relic shares have been on a tear for much of September, up in 12 of the past 13 sessions and up more than 23% from an intraday low for the month. The company went

Hortonworks, New Relic Beat Quarterly Estimates

Two new kids on the block reported better-than-expected quarterly earnings after the market close Tuesday. Both Hortonworks (HDP) and New Relic (NEWR) turned in results that beat analyst views with higher than forecast revenue and per-share losses that weren’t as bad as analysts expected. Hortonworks stock rose by about 1% in afternoon trading in the stock market today. New Relic stock slipped a fraction. Hortonworks stock is down 19% for the

New Relic’s Customer Gains Fuel Rising Outlook

New Relic (NEWR) gained more traction than expected among large customers last quarter, as wider adoption of its services sparked better-than-expected guidance for the current quarter. New Relic’s positive outlook prompted at least two analysts to raise their price targets on the stock on Friday. The company late Thursday also posted better-than-expected earnings and revenue for its fiscal Q3 ended Dec. 31. New Relic opened Friday up nearly 8%,