SolarWinds (SWI) to Release Quarterly Earnings on Thursday

SolarWinds (NYSE:SWI) will issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.22 per share for the quarter. SolarWinds has set its Q2 guidance at $0.21-0.23 EPS and its FY24 guidance at $1.00-1.04 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $193.31 million during the quarter, compared to the consensus estimate of $189.74 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Price Performance

NYSE:SWI traded up $0.02 during mid-day trading on Tuesday, reaching $11.91. The stock had a trading volume of 26,565 shares, compared to its average volume of 456,537. The stock has a 50-day simple moving average of $11.80 and a two-hundred day simple moving average of $11.88. The stock has a market capitalization of $2.00 billion, a PE ratio of 169.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. SolarWinds has a 12 month low of $8.83 and a 12 month high of $13.43.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.80.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.