SolarWinds (NYSE:SWI) Announces Quarterly Earnings Results

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

SolarWinds Stock Down 4.2 %

SWI traded down $0.49 during trading hours on Friday, hitting $11.11. 1,125,464 shares of the company’s stock were exchanged, compared to its average volume of 474,992. SolarWinds has a 12-month low of $8.83 and a 12-month high of $13.43. The firm has a 50 day moving average of $11.76 and a 200 day moving average of $11.88. The firm has a market cap of $1.87 billion, a P/E ratio of 158.71 and a beta of 0.97. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93.

Wall Street Analysts Forecast Growth

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

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.