After announcing the earnings below wall street estimates the share price of $NEWR dropped by around 16%.
Technical Analysis:
$67.0 acted as Support. But we should wait couple of day in order to see the share price Holds 67.
But here we might risk around 3-4% and get 15-20% profit.
Fundamental Analysis:
New Relic (NEWR) reported a 3rd Quarter December 2020 loss of $0.17 per share on revenue of $166.3 million. The consensus estimate was a loss of $0.14 per share on revenue of $164.8 million.
Overall analysis:
If price Holds $67.0 then we can get in by putting our SL @$64.8 with 4.5% risk as $NEWR beat on revenue.
Company Prifile:
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.
Technical Analysis:
$67.0 acted as Support. But we should wait couple of day in order to see the share price Holds 67.
But here we might risk around 3-4% and get 15-20% profit.
Fundamental Analysis:
New Relic (NEWR) reported a 3rd Quarter December 2020 loss of $0.17 per share on revenue of $166.3 million. The consensus estimate was a loss of $0.14 per share on revenue of $164.8 million.
Overall analysis:
If price Holds $67.0 then we can get in by putting our SL @$64.8 with 4.5% risk as $NEWR beat on revenue.
Company Prifile:
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.