New Relic Inc. provides software analytics products worldwide. The companys cloud-based platform and suite of products enables organizations to collect, store, and analyze massive amounts of software data in real time. The company was founded in 2007 and is based in San Francisco, California.
NEWR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for New Relic Inc. To summarize, we found that New Relic Inc ranked in the 82th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 706.5%. The most interesting components of our discounted cash flow analysis for New Relic Inc ended up being:
New Relic Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.29. This coverage rate is greater than that of only 13.86% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, New Relic Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than just 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as NEWR, try TTLO, MEET, AMKR, GILT, and FARO.
New Relic, Inc. (NYSE: NEWR), the observability platform company, today delivered strategic updates to New Relic One. In a video to customers, New Relic CEO and Founder Lew Cirne introduced a reimagined New Relic One, including a clear intuitive user experience, powerful new capabilities, and simple, predictable packaging and pricing, including a new perpetual free tier to make it easy for engineers to try, use, and do business with New Relic.
SAN FRANCISCO--(BUSINESS WIRE)-- #opensource--New Relic, Inc. (NYSE: NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced that it is making the company’s agents, integrations, and SDKs available under an open source license. In addition, New Relic is standardizing its future observability offerings on OpenTelemetry, a Cloud Native Computing Foundation project, an emerging standard for software instrumenta
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
New Relic, Inc. (NYSE: NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, announced today that it will report its financial results for the first quarter ended June 30, 2020, after market close on Tuesday, August 4, 2020. In conjunction with its earnings press release, New Relic will post an investor letter to the investor relations page of its company website at http://ir.newrelic.com.