Back on 11/15 I published an idea on $NEWR which had a PEG (Power Earnings Gap). At that time it looked to be forming a pennant. That has now transformed into what looks to me to be a Bull Flag. I am still bullish this name but it is not yet ready to trade, IMO. If it can break out of this flag formation to the upside I'll be looking to go long. Should it break below, the idea simply is not panning out. Ideas, not investing / trading advice.
From earningswhispers.com
New Relic (NEWR) reported 2nd Quarter September 2021 earnings of $0.04 per share on revenue of $195.7 million. The consensus estimate was a loss of $0.13 per share on revenue of $181.9 million. The Earnings Whisper number was for a loss of $0.06 per share. Revenue grew 17.8% on a year-over-year basis.
The company said it expects a third quarter non-GAAP loss of $0.18 to $0.15 per share on revenue of $198.0 million to $202.0 million and fiscal a 2022 loss of $0.60 to $0.54 per share on revenue of $778.0 million to $782.0 million. The company's previous guidance was a fiscal year loss of $0.52 to $0.49 per share on revenue of $730.0 million to $735.0 million. The current consensus estimate is a loss of $0.06 per share on revenue of $182.36 million for the quarter ending December 31, 2021 and a loss of 0.52 per share on revenue of $732.63 million for the year ending March 31, 2022.
New Relic Inc is a software-as-a-service provider of software analytics products which allow users to monitor software performance with .NET, Java, JavaScript, Node.js, PHP, Python, and Ruby applications deployed in a cloud or in a data center.
From earningswhispers.com
New Relic (NEWR) reported 2nd Quarter September 2021 earnings of $0.04 per share on revenue of $195.7 million. The consensus estimate was a loss of $0.13 per share on revenue of $181.9 million. The Earnings Whisper number was for a loss of $0.06 per share. Revenue grew 17.8% on a year-over-year basis.
The company said it expects a third quarter non-GAAP loss of $0.18 to $0.15 per share on revenue of $198.0 million to $202.0 million and fiscal a 2022 loss of $0.60 to $0.54 per share on revenue of $778.0 million to $782.0 million. The company's previous guidance was a fiscal year loss of $0.52 to $0.49 per share on revenue of $730.0 million to $735.0 million. The current consensus estimate is a loss of $0.06 per share on revenue of $182.36 million for the quarter ending December 31, 2021 and a loss of 0.52 per share on revenue of $732.63 million for the year ending March 31, 2022.
New Relic Inc is a software-as-a-service provider of software analytics products which allow users to monitor software performance with .NET, Java, JavaScript, Node.js, PHP, Python, and Ruby applications deployed in a cloud or in a data center.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
