NEWR Stock Recent News

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced it will report its financial results for fiscal year 2023 second quarter, which ended September 30, 2022, after market close on Tuesday, November 8, 2022.

New Relic Inc. NEWR, -0.65% disclosed Thursday plans to cut 110 jobs, including 90 in the U.S., as part of a restructuring plan to cut costs and to focus resources on top priorities. The job cuts represent about 5% of the San Francisco-based data analysis software company's workforce as of March 31.

Shares of New Relic have been on a win streak since mid-May, powered by a string of strong quarterly results. The company just released fiscal Q1 results that featured better-than-expected growth and a bump in margins.

After a couple of years of slumping results, the company is starting to get back to growth.

New Relic Inc. (NYSE:NEWR ) Q1 2023 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Peter Goldmacher - IR Bill Staples - CEO Mark Sachleben - CFO Conference Call Participants Kingsley Crane - Canaccord Angie Ng - Morgan Stanley Yun Kim - Loop Capital Markets Eric Heath - KeyBanc Mike Cikos - Needham Richard Poland - RBC Capital Markets Operator Good afternoon. Thank you for attending today's New Relic First Quarter Fiscal 2023 Financial Results Conference Call.

Jana Partners Doubles Down on New Relic

JANA has been using a three-pronged strategy to build value at different companies. It recently won two board seats at New Relic.

New Relic, which has long been known for its observability platform, is entering the security market today with the launch of a new vulnerability management service. Aptly named New Relic Vulnerability Management, the service aggregates data from botth its own native vulnerability detection system and third-party tools, giving security, DevOps, SecOps and SRE teams a […]

Shares of New Relic have cratered after the company released strong Q4 earnings results; year to date, the stock has lost more than half of its value. Meanwhile, revenue growth continued at a healthy ~20% y/y pace, with net revenue retention rates also increasing.

Investors were disappointed with the company's fourth-quarter results.