NEWR / Here's Why New Relic (NEWR) is a Great Momentum Stock to Buy

Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotia more_horizontal

HMI Capital Management, L.P. (Trades, Portfolio), a San Francisco-based investment firm, has recently expanded its portfolio by acquiring an additiona more_horizontal

New Relic shares took off on Monday after the software company announced it has agreed to be acquired by investment firms Francisco Partners and TPG more_horizontal

Shares of software firm New Relic (NYSE: NEWR ) drove significantly higher on Monday following the announcement of a private equity deal. According to more_horizontal

New Relic (NEWR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss o more_horizontal

The consortium offered $87 per share in an all-cash deal to take New Relic private on Monday. more_horizontal

Shares of New Relic Inc. NEWR, +1.44% shot up 12.8% in premarket trading Monday, after the “observability” platform for software engineers announc more_horizontal

Limited growth, high valuation, and strong competition make paying a premium for New Relic, Inc. stock less appealing. Concerns about profitability: w more_horizontal