New Relic Stock Plunges After Guidance Disappoints. Here’s What Analysts Are Saying.

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https://www.barrons.com/articles/new-relic-newr-stock-disappointing-guidance-51644428065


Updated Feb. 9, 2022 1:45 pm ET / Original Feb. 9, 2022 12:37 pm ET

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New Relic was falling 29% on Wednesday, a day after issuing fiscal fourth-quarter guidance that frightened investors.

New Relic (ticker: NEWR) said it expects fourth-quarter revenue of between $204 million and $206 million, representing year-over-year growth of about 18% to 19%. Annual revenue was estimated at between $784 million and $786 million, with early growth of about 17% to 18%.

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