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New Relic, Inc. - NEWR STOCK NEWS

Welcome to our dedicated page for New Relic news (Ticker: NEWR), a resource for investors and traders seeking the latest updates and insights on New Relic stock.

New Relic, Inc. (NEWR) is a leading software analytics company that delivers real-time performance insights for software, infrastructure, and customer experience to software-driven businesses. These insights enable organizations to innovate faster, reduce complexity, and mitigate risks associated with digital transformation.

Core Business: New Relic's core business focuses on providing a robust platform for application performance management (APM) and monitoring. Their comprehensive suite of tools helps businesses monitor and optimize their software applications, ensuring they run efficiently and effectively. This helps companies to accelerate cloud adoption, streamline DevOps processes, and prepare for critical digital moments.

Recent Achievements: New Relic has made significant strides in the tech industry, consistently releasing updates and new features to enhance their platform. They focus on maintaining cutting-edge technology that supports innovation and agility in software development and IT operations.

Current Projects: The company is actively working on enhancing their observability platform, integrating artificial intelligence and machine learning to provide more predictive analytics. Another key focus is expanding their market reach through strategic partnerships and collaborations.

Financial Condition: New Relic maintains a strong financial standing with continuous growth in revenue, driven by the increasing demand for robust software performance monitoring solutions. The company remains dedicated to investing in research and development to stay ahead of industry trends and meet the evolving needs of their clients.

Partnerships: New Relic collaborates with various technology partners to broaden their service offerings and integrate seamlessly with other platforms. These partnerships enhance their capability to provide comprehensive solutions to a diverse range of clients.

Products: New Relic's product lineup includes tools for APM, infrastructure monitoring, digital experience monitoring, log management, and more. Their platform is designed to deliver end-to-end visibility across the entire software stack, empowering businesses to make informed decisions based on real-time data.

New Relic's mission is to provide unparalleled visibility into the performance and health of applications, enabling companies to deliver optimal digital experiences to their customers. By cutting through the complexity associated with digital transformation, New Relic ensures that businesses can innovate and scale with confidence.

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New Relic stockholders have approved the acquisition of the company by Francisco Partners and TPG. Stockholders will receive $87.00 per share in cash. Over 99% of votes cast were in favor of the transaction. The acquisition is expected to close on or around November 8, 2023.
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New Relic announces Q2 fiscal year 2024 financial results with total revenue of $242.8 million, up 7% YoY. Non-GAAP operating margin improves to 19%.
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New Relic's State of Observability for Retail report reveals that retailers are increasing their investment in observability tools to reduce downtime and improve incident resolution. The report shows that observability provides significant business value, with many retailers reporting $5 million in total value per year from their investments. U.S. online holiday sales are expected to reach $221.8 billion, driving retailers to focus on creating a seamless digital customer experience. Retailers are spending more on observability, with 49% spending $500,000 or more per year. The report also highlights the importance of tool consolidation and the adoption of new capabilities.
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New Relic named Leader in the 2023 GigaOm Radar for APM, representing highest value to customers and innovation
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New Relic launches Session Replay feature to provide engineers with vital context through video-like playback, helping them reproduce and resolve issues faster. It offers a cost-effective way to capture and scale sessions, increasing data flow and driving new users. The solution solves challenges of full-stack observability with affordable usage-based consumption pricing. Strong data privacy measures are enabled by default. Key benefits include improving user experience, fixing code-level issues, gaining contextual awareness, and ensuring user privacy.
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New Relic completes 'go-shop' period for acquisition by Francisco Partners and TPG, expected to close late 2023 or early 2024.
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58% YoY growth of full-stack observability, adoption of unified platform doubled year-over-year
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New Relic named one of the 2023 PEOPLE Companies That Care®
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New Relic enhances AIOps capabilities with recommended alerts, helping engineers detect and resolve alert coverage gaps using AI. This reduces the need for manual alert configuration and improves incident response time. New Relic AI reduces alert noise and provides intelligence and automation to engineering teams. Recommended alerts are now available at no additional cost to existing New Relic users.
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Kaskela Law is investigating the fairness of the buyout agreement for New Relic, Inc. stockholders by private equity firms at $87.00 per share. The buyout price appears to undervalue the shares and analysts had assigned higher price targets. The investigation aims to determine if $87.00 per share is the maximum achievable cash consideration for shareholders and if fiduciary duties were breached.
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FAQ

What is the market cap of New Relic (NEWR)?

The market cap of New Relic (NEWR) is approximately 6.2B.

What does New Relic, Inc. do?

New Relic provides real-time performance insights into software, infrastructure, and customer experience, helping businesses to innovate faster.

What is the core business of New Relic?

The core business of New Relic focuses on application performance management (APM) and monitoring, helping optimize software applications.

What are some recent achievements of New Relic?

New Relic has continuously released updates and new features, enhancing their platform to support innovation and agility in software development.

What current projects is New Relic working on?

New Relic is enhancing their observability platform with AI and machine learning for predictive analytics and expanding market reach through strategic partnerships.

How is New Relic's financial condition?

New Relic maintains a strong financial position with continuous revenue growth, driven by high demand for software performance monitoring solutions.

Who are New Relic's partners?

New Relic collaborates with various technology partners to broaden their services and integrate seamlessly with other platforms.

What products does New Relic offer?

New Relic offers tools for APM, infrastructure monitoring, digital experience monitoring, log management, and more for end-to-end visibility across software stacks.

What is New Relic's mission?

New Relic's mission is to provide unparalleled visibility into application performance and health, enabling optimal digital experiences for customers.

How does New Relic help with digital transformation?

New Relic cuts through complexity and risk, allowing businesses to accelerate cloud adoption and streamline DevOps processes.

What industries benefit from New Relic's solutions?

Software-driven businesses across various industries benefit from New Relic's performance insights and monitoring solutions.

New Relic, Inc.

NYSE:NEWR

NEWR Rankings

NEWR Stock Data

6.18B
57.87M
11.4%
84.63%
2.64%
Software - Application
Technology
Link
United States
San Francisco