3 Big Reasons Investors Are Bailing on New Relic
For a while, New Relic (NYSE: NEWR) seemed like a market darling that could do no wrong. Between February 2016 and July 2018, shares increased fivefold! But it hasn't been the same since -- and this week's earnings release won't help one bit.
The software-as-a-service (SaaS) company provides a platform for companies to monitor their digital services. As you might expect, such a service is becoming enormously important, but that makes New Relic's recent flounders all the more disappointing.
Let's dig into the three big reasons the stock currently sits over 40% below those all-time highs.
Source Fool.com
