New Relic Inc. (NYSE:NEWR) traded at a new 52-week high today of $84.77. So far today approximately 175,000 shares have been exchanged, as compared to an average 30-day volume of 464,000 shares.
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.
New Relic Inc. (NYSE:NEWR) defies analysts with a current price ($84.55) 21.1% above its average consensus price target of $66.68.
Over the past year, New Relic Inc. has traded in a range of $51.52 to $84.77 and is now at $84.55, 64% above that low.
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