FMP
May 24, 2023 4:53 PM - Davit Kirakosyan
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.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...