Shares of New Relic Inc. (NYSE:NEWR) traded at a new 52-week high today of $83.76. This new high was reached on below average trading volume as 152,000 shares traded hands, while the average 30-day volume is approximately 460,000 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) is currently priced 21.2% above its average consensus analyst price target of $65.73.
Over the past year, New Relic Inc. has traded in a range of $51.52 to $83.76 and is now at $83.40, 62% above that low.
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