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Shares in software maker New Relic surged just before the market close on Wednesday amid buyout speculation. The post New Relic Surges On Report Private Equity Firms Readying Bid appeared first on Investor's Business Daily.
Private-equity firms TPG and Francisco Partners are preparing an offer of more than $5 billion to buy software firm New Relic Inc., NEWR, +10.81%, the Wall Street Journal reported on Wednesday. Both sides could arrive at a deal in the next few weeks, the Journal said, but added that discussions could still falter and other offers could still come in.
Private-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
New Relic today announced Grok, a generative AI assistant to help teams run observability tasks through natural language prompts.
We're currently deep in the cycle of every enterprise-adjacent company integrating a large language model into its services. Today, New Relic is throwing its hat in the ring with Grok, which it calls the “world's first generative AI assistant for observability” (and I'm sure it won't be the last).
SAN FRANCISCO--(BUSINESS WIRE)--New Relic. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for its fourth quarter and fiscal year 2023, which ended March 31, 2023, after market close on Tuesday, May 23, 2023. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the.
Does New Relic (NEWR) have what it takes to be a top stock pick for momentum investors? Let's find out.
New Relic provides data analytics software used to measure the performance of information technology. NEWR stock is up 29% this year.
Shares of New Relic have rallied since posting very strong fiscal Q3 results in early February. Revenue growth accelerated to 18% y/y, which is a relief after a long period of growth stagnation.
Does New Relic (NEWR) have what it takes to be a top stock pick for momentum investors? Let's find out.