FMP
May 24, 2023 4:53 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
New Relic (NYSE:NEWR) reported its Q4 results yesterday, with EPS of $0.42 and revenue of $242.5 million coming in better than the Street estimates of $0.22 and $241.13 million, respectively. Shares plunged more than 5% intra-day today.
Analysts at RBC Capital provided their key takeaways from the results, which include: (1) initial 2024 guidance calls for lackluster 10-11% growth, led by cloud optimization and the decision to accelerate migrations to consumption, (2) incremental disclosures do outline a path to 2025 acceleration, highlighted by consumption revenue growing 32%, and (3) 2024 guidance calls for mid-teens margins, well above the preliminary outlook.
The company expects Q1/24 revenue in the range of $238-$240 million, compared to the Street estimate of $251.2 million. For the full year, the company expects revenue of $1.020-1.030 billion, compared to the Street’s $924.3 million.
Aug 7, 2024 3:53 AM - Parth Sanghvi
Interest rates play a crucial role in the economy and financial markets, influencing everything from consumer behavior to investment decisions. Understanding their impact is essential for making informed financial and investment decisions. This comprehensive analysis delves into how interest rates a...
Sep 10, 2024 7:33 AM - Parth Sanghvi
When it comes to downloading historical stock data, Yahoo Finance has been a popular choice for many. However, for those looking for more comprehensive, accurate, and flexible options, Financial Modeling Prep (FMP) offers a suite of powerful tools and services that stand out as superior alternatives...
Nov 8, 2024 5:30 AM - Sanzhi Kobzhan
When it comes to investing in stocks, one of the key decisions an investor must make involves determining the intrinsic value of a company's shares. Equity valuation isn't just about numbers, it's an art mixed with science, aiming to predict future performance based on current and historical data. H...