SolarWinds (NYSE:SWI) Issues Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.270-0.280 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of $201.0 million-$204.0 million, compared to the consensus revenue estimate of $203.1 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWI. Scotiabank began coverage on SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price on the stock. Robert W. Baird boosted their target price on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

SolarWinds Trading Up 0.6 %

NYSE SWI traded up $0.08 on Friday, reaching $13.16. The stock had a trading volume of 2,056,940 shares, compared to its average volume of 402,631. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 59.82 and a beta of 0.96. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. SolarWinds has a 12-month low of $9.41 and a 12-month high of $13.45. The stock has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.13.

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

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.