seekingalpha.com – New Relic’s quarterly report for Q2 beat revenue and growth expectations, but their stock price still suffered.
We will analyze why investors are worried New Relic was not able to obtain any new enterprise customers.
Hope remains as New Relic integrates with Amazon Web Services, paving the way for enterprise customers in the cloud.
New Relic’s (NYSE:NEWR) revenue and growth were positive for the second quarter, beating investors expectations. Being in the tech industry, I know they have a solid product that programmers love. It seemed like a great investment, except for one thing, their stock price took a tumultuous hit and fell 13% over the past few days.
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