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NEWR / New Relic stock sinks as rumored acquisition target's forecast disappoints

New Relic Inc. shares NEWR, -1.16% sank more than 7% in after-hours trading Tuesday, after the software company that is reportedly considering acquisition bids disappointed with its forecasts. In an earnings report delivered after the bell, New Relic executives predicted fiscal first-quarter revenue of $238 million to $240 million and annual sales of $1.02 billion to $1.03 billion, which would be the company's first billion-dollar annual revenue total. Read More

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Posted: May 23 2023, 16:44

Author Name: Market Watch

NEWR News

By Reuters
August 3, 2023

Focus: How two private equity firms negotiated New Relic deal down to $6.5 bln

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

By GuruFocus
August 1, 2023

HMI Capital Management, L.P. Increases Stake in New Relic Inc

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

By Proactive Investors
July 31, 2023

New Relic to be taken private by Francisco Partners and TPG in $6.5B deal

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

By InvestorPlace
July 31, 2023

Why Is New Relic (NEWR) Stock Up 13% Today?

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

By Zacks Investment Research
July 31, 2023

New Relic (NEWR) Surpasses Q1 Earnings and Revenue Estimates

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

By CNBC
July 31, 2023

Francisco Partners & TPG to take New Relic private in $6 billion deal

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

By Market Watch
July 31, 2023

New Relic stock soars after $6.5 billion buyout deal with Francisco Partners and TPG

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

By Seeking Alpha
June 27, 2023

New Relic: The Impact Of Revenue Growth Deceleration (Rating Downgrade)

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

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