Tag Archives: newr

New Relic Q3 Beats In Recent Cloud IPO’s First Report

New Relic showed some muscle in its first earnings report since the cloud software company made its initial public offering in December. The software maker late Thursday posted fiscal Q3 earnings and revenue that soundly beat analyst expectations, as it starts to compete more directly with larger rivals like Hewlett-Packard (HPQ) and IBM (IBM) in application performance management software. Its outlook also exceeded views. New Relic (NEWR) stock

New Relic Challenging HP, IBM, Others In APM Market

New Relic (NEWR) hopes to show it’s starting to challenge larger incumbent vendors such as CA Technologies and Hewlett-Packard in the application performance management market when it reports its fiscal Q3 earnings after the market close Thursday. The earnings report will be the company’s first since it made its initial public offering on Dec. 12. New Relic stock jumped 48% on its first day of trading, to 34, and it peaked above 37 on Jan. 5. New

New Relic Can Challenge HP, IBM, Google In Big Data

New Relic (NEWR) is in a great position to carve out a piece of the fast-growing Big Data market, even as the company competes with much larger rivals that include Hewlett-Packard and IBM. At least three investment banks opened coverage Tuesday on the applications management software maker with favorable ratings. New Relic, however, was down nearly 3% in early trading in the stock market today, above 36. The company launched an initial public