SolarWinds (NYSE:SWI) Releases Q4 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.27-0.28 for the period, compared to the consensus EPS estimate of $0.25. The company issued revenue guidance of $201-204 million, compared to the consensus revenue estimate of $203.11 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank started coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds presently has an average rating of “Hold” and an average price target of $14.00.

SolarWinds Trading Up 0.6 %

SWI traded up $0.08 during trading on Friday, reaching $13.16. 2,056,940 shares of the company’s stock were exchanged, compared to its average volume of 402,631. The company’s fifty day moving average price is $12.72 and its 200-day moving average price is $12.12. The firm has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. SolarWinds has a fifty-two week low of $9.41 and a fifty-two week high of $13.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.62.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. SolarWinds’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. As a group, equities analysts forecast that SolarWinds will post 0.71 EPS for the current year.

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.