New Relic Inc. (NYSE:NEWR) traded today at a new 52-week low of $51.52. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 722,000 shares.
In the past 52 weeks, shares of New Relic Inc. have traded between the current low of $51.52 and a high of $81.10 and is now at $60.64.
New Relic Inc. (NYSE:NEWR) defies analysts with a current price ($60.64) 46.5% above its average consensus price target of $32.47.
New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm’s flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm’s revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.
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