New Relic’s Customer Gains Fuel Rising Outlook

By | February 13, 2015

Scalper1 News

New Relic (NEWR) gained more traction than expected among large customers last quarter, as wider adoption of its services sparked better-than-expected guidance for the current quarter. New Relic’s positive outlook prompted at least two analysts to raise their price targets on the stock on Friday. The company late Thursday also posted better-than-expected earnings and revenue for its fiscal Q3 ended Dec. 31. New Relic opened Friday up nearly 8%, Scalper1 News

Scalper1 News