New Relic delivers a software platform for customers to land their telemetry data in one place and derive insights from that data in a unified front-end application. Co.'s customers use the New Relic platform to observe and operate the components of their digital infrastructure and provide a digital experience for their customers. Co. hosts its applications and serves its customers from data centers and a combination of cloud hosting providers. Co. utilizes third parties to manage the infrastructure at its data centers. In addition, Co. is continuing to build out services and functionality in the public cloud with a view to migrating its entire platform to the public cloud over time. We show 30 historical shares outstanding datapoints in our NEWR shares outstanding history coverage, used to compute NEWR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NEWR market cap history over the course of time is important for investors
interested in comparing NEWR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NEWR versus a peer is one thing; comparing
NEWR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NEWR can fluctuate over the course of history.
With this page we aim to empower investors researching NEWR by allowing them to research the NEWR market cap history. |
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Video: The Importance of Market Cap
