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New Relic (NEWR) 주식 개요
New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. 자세히 보기
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New Relic, Inc. 경쟁사
가격 이력 및 성과
| 과거 주가 | |
|---|---|
| 현재 주가 | US$86.99 |
| 52주 최고가 | US$87.01 |
| 52주 최저가 | US$50.30 |
| 베타 | 0.84 |
| 1개월 변동 | 1.29% |
| 3개월 변동 | 3.76% |
| 1년 변동 | 47.29% |
| 3년 변동 | 58.54% |
| 5년 변동 | 1.67% |
| IPO 이후 변동 | 155.93% |
최근 뉴스 및 업데이트
Recent updates
Seeking Alpha • Aug 01
New Relic: A Great Way To Cash Out
Summary New Relic, Inc. announced a sale of itself to Francisco Partners and TPG Inc. for $6.5 billion, a 26% premium over the stock's previous trading price. This may leave some investors unhappy because of the future growth the company is likely to see. But when you consider its bottom line performance and how much it would take for it to become even fairly valued, the transaction looks attractive. Read the full article on Seeking AlphaSeeking Alpha • Jun 27
New Relic: The Impact Of Revenue Growth Deceleration (Rating Downgrade)
Summary Limited growth, high valuation, and strong competition make paying a premium for New Relic, Inc. stock less appealing. Concerns about profitability: while there was improvement, future non-GAAP operating margins are not expected to be significantly higher, affecting underlying profits. I turn neutral on this stock. Read the full article on Seeking AlphaSeeking Alpha • May 30
New Relic: Full Steam Ahead; Buy With Confidence (Rating Upgrade)
Summary New Relic is a strong buy due to its transition to a consumption-based business model, which has boosted margins and expansion potential. Whether standalone or as an acquisition target, New Relic's The company is one of few software businesses not experiencing substantial revenue deceleration in the current macro environment. Read the full article on Seeking AlphaSeeking Alpha • Feb 07
New Relic Non-GAAP EPS of $0.32 beats by $0.17, revenue of $239.8M beats by $6.88M
New Relic press release (NYSE:NEWR): Q3 Non-GAAP EPS of $0.32 beats by $0.17. Revenue of $239.8M (+17.8% Y/Y) beats by $6.88M. Financial Outlook: New Relic is providing guidance for its fiscal fourth quarter ending March 31, 2023 as follows: Revenue between $240 million and $242 million vs $239.74Mconsensus, representing year-over-year growth of 16.6% and 17.6% respectively. Non-GAAP operating income between $12 million and $14 million(2). Non-GAAP net income attributable to New Relic per diluted share between $0.20 and $0.23 vs $0.15 consensus. New Relic is providing raised guidance for its fiscal year ending March 31, 2023 as follows: Revenue between $923.1 million and $925.1 million vs $914.77M consensus, representing year-over-year growth of 17.5% and 17.8% respectively. Non-GAAP operating income between $20.4 million and $22.4 million(2). Non-GAAP net income attributable to New Relic per diluted share between $0.40 and $0.43 vs $0.19 consensus.Seeking Alpha • Jan 17
New Relic: Scoop This Up As Growth Revs Up Again
Summary Shares of New Relic have fallen nearly 50% over the past year. The company has been successful at driving high teens/low 20s growth through its freemium business model. New Relic also hit multi-year profitability records in its most recent quarterly results. Trading at just ~4x forward revenue, New Relic remains a value stock. In my view, the best way to play the market's current rebound is to load up on "growth at a reasonable price" stocks - that is, tech stocks that have seen a beating over the past year but have strong fundamental tailwinds to pull them into recovery in 2023. New Relic (NEWR) is a company worth watching. Sidelined by competitor Datadog (DDOG) over the past few years and down nearly 50% over the past year, New Relic has turned a new leaf by successfully implementing its new sales strategy (which involved slimming down its product portfolio and emphasizing its free-trial setups that lead into paid accounts) and re-sparking its growth rates. Data by YCharts Though now a company that has shifted far away from the spotlight, I remain quite bullish on New Relic as it quietly achieves its internal targets and continues to build up its client base (which has now reached over 15k paid accounts, of which about four-fifths generate more than $100k in ARR). New Relic has also made strides in profitability, capitalizing on growing economies of scale and its multi-cloud infrastructure in order to boost gross margins to new records. Amid these tailwinds on both the top and bottom line, I think New Relic has plenty of catalysts to drive a continued rally in 2023. Here is my full bullish thesis for New Relic: New Relic's new, simplified sales approach has driven re-invigorated growth rates. Much of New Relic's growth stagnation came from the fact that its product stack was very difficult to comprehend, especially at a time when companies like Datadog were stealing the limelight. "New Relic One" was rolled out in 2020 specifically to address this problem, in addition to dramatically reducing the company's product count into just three main platforms, as well as rolling out a free tier with the hope of "landing and expanding" new customers. So far, the strategy has proven effective at maintaining robust ~20% y/y revenue growth. Consumption-based revenue model is a growth tailwind for New Relic. Other consumption-based software companies, like Twilio (TWLO) and Snowflake (SNOW), are able to drive superior growth and notch premium valuations. It also allows New Relic to derive value out of the smaller customers that may start on New Relic's free tier and eventually move up to greater data volumes. Over recent quarters, New Relic's net revenue retention rates have actually been increasing, indicating increased success at upselling to the existing customer base. Aligned to the "big data" trend. Data volumes are exploding, both more generally and for New Relic specifically as well. As more and more companies embrace unlocking the potential of data, New Relic's overall market size and customer traction will continue to grow. Economies of scale. New Relic has pushed its pro forma gross margin profile to the mid-70s, allowing for tremendous operating leverage as it continues to grow. Add this on top of the fact that the company maintains a ~120% net revenue retention rate (indicating that the average customer expands their spend on New Relic by 20% in the following year), and we are looking at quite a profit machine in the future. The biggest appeal to New Relic, of course, is its cheap valuation. At current share prices near $58, New Relic trades at a market cap of $3.95 billion. After we net off the $833.3 million of cash and $498.9 million of convertible debt on New Relic's most recent balance sheet, the company's resulting enterprise value is $3.62 billion. For the current fiscal year, New Relic has guided to $912-$920 million in revenue, representing 16-17% y/y growth. New Relic outlook (New Relic Q2 earnings deck) And looking ahead to FY24 (which for New Relic is the year ending in March 2024), Wall Street analysts have a consensus revenue target of $1.06 billion for the company, representing 15% y/y growth (data from Yahoo Finance). This puts New Relic's valuation multiples at: 4.0x EV/FY23 revenue 3.4x EV/FY24 revenue The bottom line here: there's no doubt that New Relic is no longer exactly an exciting growth software stock, but this is a perfect value-oriented, profit-generating play for the market rebound in 2022. Load up here. Q2 download Let's now highlight some of New Relic's latest fundamental wins to shed some more detail on why the stock makes for such an attractive investment. The company's fiscal Q2 (September quarter) results are shown below: New Relic Q2 results (New Relic Q2 earnings deck) New Relic's revenue grew 16% y/y to $226.9 million, beating Wall Street's expectations of $222.5 million (+14% y/y) by a two-point margin. Management notes that its efforts to bring in new cohorts of smaller customers via its trial programs have seen tremendous success. Per CEO Bill Staples' remarks on the Q2 earnings call: First, let's focus on customer acquisition. Unlike competitors, who land new customers with a sales-led approach, only New Relic offers a unique perpetual free tier that offers every engineer an opportunity to learn and master observability, no credit card required or a fear of lock-in. Since launching our free tier and pay-as-you-go model two years ago, we've been working to steadily increase the efficiency of this experience and nurture customer value to paid levels. In the second quarter, we added over 800 net new paid platform customers using the high-volume low-cost product-led growth model. At this rate, New Relic is now adding new paid platform customers at industry-leading levels. Our progress here is masked by a long tail of small APM-only legacy customers, who signed up years ago and continue to pay us small amounts each month, but whose spend is not increasing and whose churn partially offsets our new customer growth. This fast-growing cohort of customers, are new to the platform and embracing full stack observability practices at a rapid rate. It includes companies of all sizes from individual developers in the exploration phase to start-ups getting off the ground as well as large Fortune 2000 companies with engineering teams seeking to modernize their engineering practice."Seeking Alpha • Nov 01
New Relic: From Bubble To Overvalued
Summary With New Relic's software platform, businesses can cost-effectively centralize their telemetry data, from which actionable insights may be derived. New Relic has continued to struggle with profitability, and inflation-driven cost hikes are negatively impacting the company's profits. I expect fiscal year 2023 to be far more damaging to New Relic's foundations than fiscal year 2022 has been. The Company With New Relic, Inc.'s (NEWR) software platform, businesses can cost-effectively centralize their telemetry data, from which actionable insights may be derived. Typically, "observability" is used to define this type of software. Telemetry is the automatic recording and transmission of data from remote or inaccessible sources to an IT system in a different location for monitoring and analysis. What is Telemetry? How Telemetry Works, Benefits, and Tutorial Users of NEWR's New Relic platform monitor and manage their digital infrastructure components to ensure a superior digital experience. By virtue of its unified front end, which was purpose-built atop the world's most sophisticated telemetry data platform, the New Relic platform provides customers with a consolidated and uniform image of their digital estate. Management's expansion strategy, which targets the broader developer productivity market, is enabled by the fact that any engineer may utilize the platform. Currently, the bulk of observability technologies are geared for the "operate" phase of software development, which involves only a subset of the developer population. NEWR's long-term objective is to reawaken the value of telemetry data for all software developers, despite the fact that this value has remained inactive for some time. Management has stated numerous times that they are staunch believers in the significance of telemetry data insights throughout the whole development lifecycle (from planning to deployment to ongoing operations). Company Presentation NEWR’s strategic growth and business model is grounded in three strategic technological pillars: 1. Serving all engineers: The New Relic platform is used by a wide range of engineers, including application developers, mobile developers, site reliability engineers (or "SRE"), network engineers, and many more. The ultimate goal of the strategic product road map is to democratize observability and make observability a daily habit for all engineers across the whole software lifecycle. The strategic product road map attempts to deliver solutions that fulfil this purpose at a continuous pace. 2. To support the entire software lifecycle: on the platform, production environment applications are not the only ones that can be debugged; other programs can also be debugged. Engineers utilize the New Relic platform in both live and test settings to ensure that applications are ready for public consumption prior to their release. 3. Deliver observability as a cohesive platform experience: Management views the New Relic platform as a true observability platform. We saw increased platform adoption in Q1 as the number of customers using our top 4 capabilities, APM, infrastructure, logs and browser grew from 26% to 31% in the quarter. As customers adopt more of the platform, their consumption generally increases as does our revenue. The more of the platform our customers adopt, the more value they get… The growth in platform adoption speaks to the strength of our product offerings beyond our traditional APM product and the attractiveness of our all-in-one platform model. Bill Staples, CEO Company Presentation The consumption-based pricing model that NEWR implemented in 2020 lends support to these three strategic pillars. Users of the platform will have the ability, thanks to this model, to effectively manage their costs. This is essential for businesses to have when the economy is in a recession because they are looking for ways to cut costs. This effectively means that businesses can cut usage but will continue to use the software as needed: And finally, we believe the consumption model, as I said, is the best alignment between us and our customers because if we're not really great at helping our customers be successful, they won't continue to consume. So we're motivated to help them and they're motivated to bring more of their spend to us. Bill Staples, CEOSeeking Alpha • Oct 20
Skykit joins hands with New Relic for making data observatory more accessible
Skykit integrates with New Relic (NYSE:NEWR) via New Relic Instant Observability, an open source ecosystem of 500+ integrations, tools, and pre-built observability resources. Skykit is a provider of workplace experience tools and cloud-based digital signage solutions that streamline customer and employee communication. “We are proud to partner with New Relic to make observability data even more accessible across digital signage,” said Irfan Khan, Skykit CEO. “New Relic customers now have a secure and scalable solution for broadcasting their critical dashboards to digital signage. Our solution engages teams with heads-up communication and instant, real-time access to critical data, even when team members are working on other tasks or programs.”Seeking Alpha • Aug 09
New Relic: The Rally Is Just Beginning
Shares of New Relic have been on a win streak since mid-May, powered by a string of strong quarterly results. The company just released fiscal Q1 results that featured better-than-expected growth and a bump in margins. A new expanded partnership with Microsoft Azure also increases New Relic's ties to the cloud and its sales momentum. Still trading at just over ~4x forward revenue, New Relic still has plenty of room to rally higher. As bearish clouds begin to fade, many investors like myself are gearing up for a rebound, but in a cautious manner. I'm still keeping some cash on the sidelines in case a renewed macro scare pulls the market down further, but with the rest of my capital I'm gearing more and more of my investments in beaten-down, value-oriented tech stocks. New Relic (NEWR), in particular, is a very attractive opportunity that has been on a solid win streak since August. The infrastructure monitoring software company, which preceded its now better-known rival Datadog (DDOG), has seen success since revamping its product lineup and sales strategy in 2020. Balancing both growth and margin expansion alongside a very sticky and upsell-prone customer base, New Relic has consistently now turned out solid results against muted expectations. In early August, the company released fiscal Q1 results (New Relic has a March year-end, which is atypical of many SaaS names), which prompted a fresh ride higher for the stock. In spite of this recent win streak, New Relic stock is still down more than 35% year to date, and its valuation is yet another signal that the stock has room to drift further upward. NEWR data by YCharts The bull case still remains vibrant at ~4x revenue Since I last wrote on New Relic in May, the stock has rallied more than 40%. In spite of this, I remain quite bullish on New Relic's prospects, owing to its string of strong results plus a still-accommodating valuation. There are a number of growth drivers that New Relic has under its belt, including and especially a recent expanded partnership with Microsoft Azure that puts New Relic directly on the Azure marketplace and positions it well to cross-sell with the second-largest public cloud vendor. From a sales execution perspective, New Relic's updated sales playbook has also led to an acceleration in new paid account adoption; which, as a reminder, is especially powerful given New Relic's "land and expand" playbook and net retention rates approaching 120%. For investors who are newer to New Relic, here's a refresher on what I believe to be the key bullish drivers for the name: New Relic's new, simplified sales approach has driven re-invigorated growth rates. Much of New Relic's growth stagnation came from the fact that its product stack was very difficult to comprehend, especially at a time when companies like Datadog were stealing the limelight. "New Relic One" was rolled out in 2020 specifically to address this problem, in addition to dramatically reducing the company's product count into just three main platforms, as well as rolling out a free tier with the hope of "landing and expanding" new customers. So far, the strategy has proven effective at maintaining robust ~20% y/y revenue growth. Consumption-based revenue model is a growth tailwind for New Relic. Other consumption-based software companies, like Twilio (TWLO) and Snowflake (SNOW), are able to drive superior growth and notch premium valuations. It also allows New Relic to derive value out of the smaller customers that may start on New Relic's free tier and eventually move up to greater data volumes. Over recent quarters, New Relic's net revenue retention rates have actually been increasing, indicating increased success at upselling to the existing customer base. Aligned to the "big data" trend. Data volumes are exploding, both more generally and for New Relic specifically as well. As more and more companies embrace unlocking the potential of data, New Relic's overall market size and customer traction will continue to grow. Continued innovation. In early 2022, the company released a brand-new infrastructure monitoring product called CodeStream, which it previewed at the annual AWS re: Invent event in late 2021. According to the company, customers are loving the "modernized" monitoring experience, which allows, among other features, for users to go back in time and map out when incidents occurred and the cascading impacts of these events over time. In spite of these strengths and strong recent quarterly execution, New Relic remains a value stock. At current share prices near $67, New Relic trades at a market cap of $4.52 billion. After we net off the $867.3 million of cash and $498.3 million of debt on New Relic's most recent balance sheet, the company's resulting enterprise value is $4.15 billion. For the current fiscal year FY23 (the year for New Relic ending in March 2023), the company has guided to revenue in a range of $920-$930 million, representing an impressive 17-18% y/y growth rate: New Relic Q1 results (New Relic Q1 earnings release) Against the midpoint of this view, New Relic trades at just 4.5x EV/FY23 revenue - a bargain for a mid-teens grower that is approaching a breakeven pro forma operating margin and generating positive free cash flow. The bottom line here: in my view, New Relic's win streak so far is largely an expression of how little confidence investors had in the stock previously, and how undervalued it was to begin with. Continued beat-and-raise quarters plus a still-modest valuation leave plenty of steam for this rally to keep going. Buy New Relic on the upswing and keep riding it higher. Q1 results Let's now go through New Relic's latest Q1 results, released on August 4, in greater detail. The Q1 earnings summary is shown below: New Relic Q1 results (New Relic Q1 earnings release) New Relic grew revenue in Q1 at a 20% y/y pace to $216.5 million, beating Wall Street's expectations of $213.1 million (+18% y/y) by a two-point margin. We note as well that New Relic's growth accelerated slightly versus 19% y/y growth in Q4. The company also added 300 net-new active customer accounts in the quarter, more than 200 in Q4. Net revenue retention rates - a measure of how successful New Relic is at both retaining its customer base and upselling them (or increasing their usage) - is also a highly positive story, hitting 120% in the quarter (up one point from 119% in Q4).Seeking Alpha • Jul 20
New Relic jumps 16% on report of potential sale process
New Relic (NYSE:NEWR) soared 16% after a report that the business software company is preparing to explore a potential sale. New Relic (NEWR) is in discussions to hire and advisor to explore alternatives, including a sale, according to a Reuters report. Developing story ...Seeking Alpha • Jul 11
New Relic goes into the red following Morgan Stanley downgrade
New Relic (NYSE:NEWR) shares fell more than 4% Monday as Morgan Stanley analyst Sanjit Singh cut his rating on the data-insight software company to equal weight, or the equivalent of neutral. Singh said a tougher spending outlook "makes a sales execution story more difficult" for New Relic (NEWR). The company recently completed transitioning itself from a subscription-based business model to a consumption one, whereby customers are charged based on how often they used a software company's services. Singh said that due to the potential difficulties of "a more austere budget environment," recent business channel checks suggest New Relic (NEWR) has been underperforming with regards to signing up new customers, while also seeing its sales cycles taking longer to complete. On Wall Street, analysts are positive regarding New Relic (NEWR), and have have a consensus buy rating on the company's stock. Seeking Alpha authors also have a buy rating on New Relic's (NEWR)shares. Meanwhile, Seeking Alpha's quant system, which consistently beats the market, has a hold rating on New Relic's (NEWR) stock.주주 수익률
| NEWR | US Software | US 시장 | |
|---|---|---|---|
| 7D | 0.09% | 1.1% | -0.9% |
| 1Y | 47.3% | -8.9% | 24.4% |
수익률 대 산업: NEWR은 지난 1년 동안 -8.9%의 수익을 기록한 US Software 산업보다 더 좋은 성과를 냈습니다.
수익률 대 시장: NEWR은 지난 1년 동안 24.4%를 기록한 US 시장보다 더 좋은 성과를 냈습니다.
주가 변동성
| NEWR volatility | |
|---|---|
| NEWR Average Weekly Movement | 0.4% |
| Software Industry Average Movement | 9.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
안정적인 주가: NEWR는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.
시간에 따른 변동성: NEWR의 주간 변동성은 지난 1년간 5%에서 0%로 감소했습니다.
회사 소개
| 설립 | 직원 수 | CEO | 웹사이트 |
|---|---|---|---|
| 2007 | 2,383 | Bill Staples | www.newrelic.com |
New Relic, Inc. 기초 지표 요약
| NEWR 기초 통계 | |
|---|---|
| 시가총액 | US$6.18b |
| 순이익 (TTM) | -US$144.41m |
| 매출 (TTM) | US$967.64m |
6.4x
주가매출비율(P/S)-42.8x
주가수익비율(P/E)NEWR는 고평가되어 있습니까?
공정 가치 및 평가 분석 보기순이익 및 매출
| NEWR 손익계산서 (TTM) | |
|---|---|
| 매출 | US$967.64m |
| 매출원가 | US$222.23m |
| 총이익 | US$745.41m |
| 기타 비용 | US$889.83m |
| 순이익 | -US$144.41m |
최근 보고된 실적
Sep 30, 2023
다음 실적 발표일
해당 없음
| 주당순이익(EPS) | -2.03 |
| 총이익률 | 77.03% |
| 순이익률 | -14.92% |
| 부채/자본 비율 | 0% |
NEWR의 장기 실적은 어땠습니까?
과거 실적 및 비교 보기기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2023/11/09 15:17 |
| 종가 | 2023/11/07 00:00 |
| 수익 | 2023/09/30 |
| 연간 수익 | 2023/03/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
New Relic, Inc.는 22명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Joseph Bonner | Argus Research Company |
| William Kingsley Crane | Berenberg |
| Keith Bachman | BMO Capital Markets Equity Research |