Ultimately, NEWR should right the ship with its New Relic One product, but the stock may be dead money for several months, as it's now rapidly declining in both revenue growth and expansion rates before it actually hits large numbers.
What first appeared as a ho-hum report for New Relic ( NEWR) has turned into a disaster Wednesday morning Analysts across the board have sliced price targets, and Wedbush removed the stock from its "Best Ideas" list only months after adding itFirst, a quick recap of the results, before I take a stab at why the stock is trading down more than 30% ...
Read the full story and get access to the Real Money Pro trading floor.
There's no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.