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Type
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Public company |
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| Traded as | NYSE: NEWR |
| Industry | Application performance management |
| Founded | 2008 |
| Headquarters | San Francisco, CA, United States |
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Key people
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Lew Cirne |
| Website | newrelic.com |
New Relic is an American software analytics company based in San Francisco, California.
Lew Cirne founded New Relic in 2008 and is the company's CEO. The name "New Relic" is an anagram of founder Lew Cirne's name.
In February 2013, New Relic raised $80 million from investors including Insight Venture Partners, T. Rowe Price, Benchmark Capital, Allen & Company, Trinity Ventures, Passport Capital, Dragoneer, and Tenaya Capital at a valuation of $750 million. The funding round helped New Relic extend its software analytics platform to include Android and iOS native mobile apps. In April 2014, New Relic raised another $100 million in funding led by BlackRock, Inc., and Passport Capital, with participation from T. Rowe Price Associates, Inc. and Wellington Management. Board members are Peter Fenton of Benchmark, Dan Scholnick of Trinity Ventures, Peter Currie of Currie Capital, Adam Messinger of Twitter, Sarah Friar of Square, and Lew Cirne. New Relic went public on December 12, 2014.
New Relic's technology, delivered in a software as a service (SaaS) model, was announced in 2013. monitors Web and mobile applications in real-time It allows developers to plug in technology from partners.
Partnerships include IBM Bluemix, Amazon Web Services, CloudBees, Engine Yard, Heroku, Joyent, Rackspace Hosting, and Microsoft Azure as well as mobile application backend service providers Appcelerator, Parse, and StackMob.
Other marketing mentions:
On November 5, 2012, CA Technologies (formerly Computer Associates) filed a lawsuit in the US District Court for the Eastern District in New York. The lawsuit claims that New Relic violated three patents that came into CA Technologies' possession through acquisitions. The three patents in question are numbers U.S. Patent 7,225,361 B2; U.S. Patent 7,512,935 B1; and U.S. Patent 7,797,580 B2. This is the first of two actions CA Technologies has filed in connection with alleged infringement of patents obtained in the acquisition of Wily Technology (the company that was also founded by Lew Cirne). In April 2013, CA Technologies filed a lawsuit asserting patent infringement of the same three APM patents against software developer AppDynamics. However, on April 20, 2015 AppDynamics and CA settled the two-year-old patent dispute. AppDynamics said that it paid a "modest fixed payment."
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q2 2022 | 2022-11-07 | Future report Set alerts | |
| Q1 2022 | 2022-08-04 | 0.00 | 0.00 |
| Q4 2021 | 2022-05-12 | -0.24 | -0.24 |
| Q3 2021 | 2022-02-08 | -0.18 | -0.18 |
| Q2 2021 | 2021-11-08 | -0.10 | -0.10 |
| Q1 2021 | 2021-08-03 | -0.25 | -0.25 |
| Q4 2020 | 2021-05-13 | -0.27 | -0.27 |
| Q3 2020 | 2021-02-04 | -0.14 | -0.14 |
| Q2 2020 | 2020-11-05 | 0.00 | 0.00 |
| Q1 2020 | 2020-08-04 | 0.15 | -0.50 |
| 2016-06-24 | Initiated Coverage | Cowen and Company | Outperform | $38.00 |
| 2016-06-04 | Reiterated Rating | Oppenheimer | Buy | |
| 2016-06-04 | Reiterated Rating | Oppenheimer Holdings Inc. | Buy | |
| 2016-05-22 | Reiterated Rating | Pacific Crest | Buy | |
| 2016-05-15 | Reiterated Rating | Pacific Crest | Buy | $38.00 |
| 2016-05-13 | Initiated Coverage | Robert W. Baird | Neutral | $30.00 |
| 2016-05-12 | Reiterated Rating | Morgan Stanley | Buy | |
| 2016-03-03 | Lower Price Target | Goldman Sachs | $35.00 to $31.00 | |
| 2016-03-03 | Lower Price Target | Goldman Sachs Group Inc. | $35.00 to $31.00 | |
| 2016-02-23 | Lower Price Target | Pacific Crest | Overweight | $47.00 to $38.00 |
| 2016-02-05 | Lower Price Target | Susquehanna | $46.00 to $40.00 | |
| 2016-02-05 | Lower Price Target | Goldman Sachs | $40.00 to $35.00 | |
| 2015-12-14 | Initiated Coverage | Guggenheim | Buy | $50.00 |
| 2015-12-11 | Initiated Coverage | Cowen and Company | Hold | |
| 2015-12-11 | Initiated Coverage | Goldman Sachs | Neutral | $40.00 |
| 2015-12-08 | Reiterated Rating | Needham & Company LLC | Buy | $47.00 |
| 2015-11-17 | Initiated Coverage | Needham & Company LLC | Buy | $47.00 |
| 2015-11-13 | Reiterated Rating | Oppenheimer | Outperform | $42.00 |
| 2015-09-21 | Initiated Coverage | Pacific Crest | Overweight | $47.00 |
| 2015-09-10 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $42.00 to $45.00 |
| 2015-09-09 | Initiated Coverage | Oppenheimer | Outperform | $42.00 |
| 2015-09-08 | Initiated Coverage | First Analysis | Overweight | $42.00 |
| 2015-08-12 | Upgrade | DA Davidson | Neutral to Buy | $39.00 to $43.00 |
| 2015-08-07 | Boost Price Target | Susquehanna | Positive | $44.00 to $46.00 |
| 2015-05-14 | Reiterated Rating | SunTrust | Buy | $42.00 |
| 2015-05-14 | Reiterated Rating | SunTrust Banks Inc. | Buy | $42.00 |
| 2015-05-13 | Boost Price Target | Raymond James | Outperform | $42.00 to $43.00 |
| 2015-05-13 | Boost Price Target | Susquehanna | Positive | $43.00 to $44.00 |
| 2015-05-13 | Boost Price Target | Raymond James Financial Inc. | Outperform | $42.00 to $43.00 |
| 2015-04-30 | Initiated Coverage | SunTrust | Buy | $41.00 |
| 2015-04-17 | Initiated Coverage | DA Davidson | Neutral | $36.00 |
| 2015-01-14 | Initiated Coverage | Susquehanna | Positive | $42.00 |
| 2015-01-06 | Initiated Coverage | JMP Securities | Outperform | $45.00 |
| 2015-01-06 | Initiated Coverage | Raymond James | Outperform | $40.00 |
| 2015-01-06 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $45.00 |
| 2016-06-24 | Initiated Coverage | Cowen and Company | Outperform | $38.00 |
| 2016-06-04 | Reiterated Rating | Oppenheimer | Buy | |
| 2016-06-04 | Reiterated Rating | Oppenheimer Holdings Inc. | Buy | |
| 2016-05-22 | Reiterated Rating | Pacific Crest | Buy | |
| 2016-05-15 | Reiterated Rating | Pacific Crest | Buy | $38.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In NEWR 175 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| EMINENCE CAPITAL, LP | 5.68M |
| HMI Capital, LLC | 5.26M |
| Vanguard Group, Inc | 5.06M |
| JANA PARTNERS LLC | 3.53M |
| BlackRock Inc. | 2.93M |
| Engaged Capital LLC | 2.43M |
| Champlain Investment Partners, LLC | 2.19M |
| BNP Paribas Investment Partners S.A. | 2.10M |
| Clearbridge Investments, LLC | 1.92M |
| Contour Asset Management LLC | 1.92M |
| WELLINGTON MANAGEMENT CO LLP | 1.81M |
| FMR LLC | 1.36M |
| JPMORGAN CHASE & CO | 1.07M |
| Sachem Head Capital Management LP | 0.99M |
| Archon Capital Management LLC | 0.84M |
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