New Relic: The Rally Is Just Beginning [Seeking Alpha]
New Relic, Inc. (NEWR)
Last new relic, inc. earnings: 2/4 04:05 pm
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US:NYSE Investor Relations:
ir.newrelic.com/investors-home/default.aspx
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Source: Seeking Alpha
pirankaAs 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 restof my capital I'm gearing more and more of my investments in beaten-down, value-oriented tech stocks.New Relic (NYSE:NEWRDDOGIn 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.YChartsThe bull case still remains vibrant at ~4x revenueSince Ilast wrotebullishFor investors who are newer to New Relic, here's a refresher on what I believe to be the key bullish drivers for the name: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 mil
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