NEWR Stock Recent News

SAN FRANCISCO--(BUSINESS WIRE)-- #aibreakthroughawards--New Relic, the all-in-one observability platform for every engineer, announced that New Relic AI has won the AI Breakthrough Award for “Best Code Generative AI Solution.” This recognition reflects the company's leadership in AI and commitment to making observability accessible to customers from every industry around the world, regardless of prior experience. New Relic AI can answer natural language questions about system performance, analyze recent changes, summa.

SAN FRANCISCO--(BUSINESS WIRE)-- #newrelic--New Relic, the all-in-one observability platform for every engineer, published its State of Observability for Energy and Utilities report, which offers insights and analysis on the adoption and business value of observability for the energy and utilities industry. The report is based on insights from 132 technology professionals and was developed in association with the 2023 Observability Forecast. The report findings show energy and utilities organizations are i.

SAN FRANCISCO, June 11, 2024 (GLOBE NEWSWIRE) -- Mezmo, the leading telemetry data platform , today announced the addition of Lauren Nagel as vice president of product. With experience spanning high-growth startups to global leaders, she will lead Mezmo's innovative product team in evolving its market-disrupting telemetry pipeline solution that empowers customers to take control of their data.

SAN FRANCISCO--(BUSINESS WIRE)-- #newrelic--New Relic, the all-in-one observability platform for every engineer, published its State of Observability for IT and Telecommunications report, which offers insights and analysis on the adoption and business value of observability for the IT and telecommunications (telco) industry. The report is based on insights from 423 technology professionals and was developed in association with the 2023 Observability Forecast. It reveals organizations are facing costly outa.

Investors with an interest in Internet - Software stocks have likely encountered both Meta Platforms (META) and New Relic (NEWR). But which of these two companies is the best option for those looking for undervalued stocks?

Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with the matter said.

HMI Capital Management, L.P. (Trades, Portfolio), a San Francisco-based investment firm, has recently expanded its portfolio by acquiring an additional 3,079 shares of New Relic Inc ( NEWR , Financial).

New Relic shares took off on Monday after the software company announced it has agreed to be acquired by investment firms Francisco Partners and TPG for $87 per share in cash, valuing the company at approximately $6.5 billion. The company said in a statement that this purchase price represents a premium of about 26% to New Relic's 30-day volume weighted average closing price ending on July 28, 2023.

Shares of software firm New Relic (NYSE: NEWR ) drove significantly higher on Monday following the announcement of a private equity deal. According to Investor's Business Daily, Francisco Partners and TPG (NASDAQ: TPG ) jointly declared plans to acquire New Relic and take it private.

New Relic (NEWR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss of $0.26 per share a year ago.