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New Relic Inc - NEWR STOCK NEWS

Welcome to our dedicated news page for New Relic (Ticker: NEWR), a resource for investors and traders seeking the latest updates and insights on New Relic.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Relic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Relic's position in the market.

Rhea-AI Summary
New Relic stockholders have approved the acquisition of the company by Francisco Partners and TPG. Stockholders will receive $87.00 per share in cash. Over 99% of votes cast were in favor of the transaction. The acquisition is expected to close on or around November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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Rhea-AI Summary
New Relic announces Q2 fiscal year 2024 financial results with total revenue of $242.8 million, up 7% YoY. Non-GAAP operating margin improves to 19%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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Rhea-AI Summary
New Relic's State of Observability for Retail report reveals that retailers are increasing their investment in observability tools to reduce downtime and improve incident resolution. The report shows that observability provides significant business value, with many retailers reporting $5 million in total value per year from their investments. U.S. online holiday sales are expected to reach $221.8 billion, driving retailers to focus on creating a seamless digital customer experience. Retailers are spending more on observability, with 49% spending $500,000 or more per year. The report also highlights the importance of tool consolidation and the adoption of new capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
News
Rhea-AI Summary
New Relic named Leader in the 2023 GigaOm Radar for APM, representing highest value to customers and innovation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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News
Rhea-AI Summary
New Relic launches Session Replay feature to provide engineers with vital context through video-like playback, helping them reproduce and resolve issues faster. It offers a cost-effective way to capture and scale sessions, increasing data flow and driving new users. The solution solves challenges of full-stack observability with affordable usage-based consumption pricing. Strong data privacy measures are enabled by default. Key benefits include improving user experience, fixing code-level issues, gaining contextual awareness, and ensuring user privacy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
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none
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Rhea-AI Summary
New Relic completes 'go-shop' period for acquisition by Francisco Partners and TPG, expected to close late 2023 or early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
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none
Rhea-AI Summary
58% YoY growth of full-stack observability, adoption of unified platform doubled year-over-year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
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Rhea-AI Summary
New Relic named one of the 2023 PEOPLE Companies That Care®
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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Rhea-AI Summary
New Relic enhances AIOps capabilities with recommended alerts, helping engineers detect and resolve alert coverage gaps using AI. This reduces the need for manual alert configuration and improves incident response time. New Relic AI reduces alert noise and provides intelligence and automation to engineering teams. Recommended alerts are now available at no additional cost to existing New Relic users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
AI
Rhea-AI Summary
Kaskela Law is investigating the fairness of the buyout agreement for New Relic, Inc. stockholders by private equity firms at $87.00 per share. The buyout price appears to undervalue the shares and analysts had assigned higher price targets. The investigation aims to determine if $87.00 per share is the maximum achievable cash consideration for shareholders and if fiduciary duties were breached.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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New Relic Inc

NYSE:NEWR

NEWR Rankings

NEWR Stock Data

6.18B
56.65M
11.4%
84.63%
2.64%
Software Publishers
Information
Link
US
San Francisco

About NEWR

new relic provides real-time performance insights into software, infrastructure and customer experience so software-driven businesses can innovate faster. new relic cuts through the complexity and risk associated with digital transformation, allowing you to accelerate cloud adoption, make devops work, and prepare for digital moments of truth.