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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen9/15/2018 9:29:20 AM
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New Relic Helps Companies Make Sense Of Their Data

Helping businesses make better and faster decisions derived from their data is the mission of New Relic (NEWR).

The company provides a cloud-based suite of software products that enable organizations to collect, store, and analyze massive amounts of software data in real time. It's a category called software analytics.

New Relic stock is forming a flat base and is currently below the potential buy point of 114.88, which would be a new record high for the software-as-a-service provider. Shares of New Relic closed Friday at 106.93, down 0.7% on the stock market today. New Relic stock is up 85% this year. The company is on the exclusive IBD Leaderboard list of top-performing companies.

In December 2014 New Relic held its initial public offering, pricing shares at 23. Shares popped 48% on the first day of trading.

New Relic helps its customers gain increased visibility into their enterprise software to help make better and faster data-driven decisions. Its cloud platform makes every aspect of modern software and infrastructure observable, so companies can find and fix problems faster and speed up business projects.

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