SolarWinds (NYSE:SWI) Announces Earnings Results, Beats Estimates By $0.03 EPS

SolarWinds (NYSE:SWI) announced its quarterly earnings data on Thursday. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, Briefing.com reports. The firm had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.05% and a net margin of 2.96%. SolarWinds’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share.

SolarWinds Price Performance

Shares of SWI traded down $0.49 during trading hours on Friday, reaching $11.11. 1,125,464 shares of the company traded hands, compared to its average volume of 474,992. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.87 billion, a PE ratio of 158.71 and a beta of 0.97. SolarWinds has a fifty-two week low of $8.83 and a fifty-two week high of $13.43. The stock has a fifty day simple moving average of $11.76 and a 200 day simple moving average of $11.88.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.60.

SolarWinds Company Profile

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.