NEW RELIC INC (NEWR)

EARNINGS RELEASE - MAY 14 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 1,048,454    Market Cap: 2.64B
Sector: N/A    Short Interest: 14.37

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:     .03/share     REV:  153.48/M
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     LAST QTR:  EPS:      .12/share     ACTUAL:   .09/share  (MISS)
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     NEXT QTR:  EPS:      .08/share     REV:  159.6/M
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     FULL YR:     EPS:       .55/share     REV: 593/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  XX% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -13.76, -8.13, -33.6

EXPECTED JUMP MOVE:  10-15%

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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than…

New Relic, Inc. (NYSE: NEWR), the observability platform company, announced today it was named a Customers’ Choice in the 2020 Gartner Peer Insights ‘Voice of the Customer’: Application Performance Monitoring [1]. New Relic tied for the highest overall rating of 4.7 out of 5 among the vendors awarded the Customers’ Choice distinction. New Relic’s recommendation rating of 91 percent is a significant vote of confidence from its global customer base.

New Relic wants to change that, and today it announced it’s moving to a model where customers pay by the user instead, with a smaller, less costly data component. The company is also simplifying its product set with the goal of encouraging customers to instrument everything instead of deciding what to monitor and what to leave out to control cost. By taking advantage of this database to track all of your APM, tracing and metric data all in one place, Cirne says they can control costs much better and pass those savings onto customers, whose bills should be much smaller based on this new pricing model, he said.

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.

New Relic (NEWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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