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0.00466835246061081 0.000194514685858744 0.00778058743435127 0.00933670492122149 -0.00272320560202296 0.0114977630811126 0.0494067302081307 0.068371912079362
Stock impact report

New Relic Falls on Revenue Guidance Cut, Management Changes [TheStreet.com]

New Relic, Inc. (NEWR) 
Last new relic, inc. earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
New Relic Falls on Revenue Guidance Cut, Management Changes Shares of cloud data storage company New Relic ( NEWR Get Report For fiscal 2020, the company said it expects revenue of between $586 million and $593 million, representing year-over-year growth of between 22% and 24%, but lower than previous guidance of $600 million to $607 million.The FactSet consensus calls for revenue of $602.6 million. According to FactSet, New Relic has an overweight rating and price target of $88.29. The stock was falling more than 11% at $51.60 in trading Monday. Chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned. Michael Christenson "This is an incredible opportunity to take on a leadership role within New Relic and advance our mission of helping our global customers create more perfect software, experiences and businesses," said Christenson in a statement.  "I look forward to working with the team to drive operational excellence throughout the business and Show less Read more
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