SolarWinds (NYSE:SWI – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.00-1.04 for the period, compared to the consensus EPS estimate of $0.97. The company issued revenue guidance of $771-786 million, compared to the consensus revenue estimate of $779.51 million. SolarWinds also updated its Q2 guidance to $0.21-0.23 EPS.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Truist Financial began coverage on SolarWinds in a research report on Wednesday, March 6th. They set a hold rating and a $13.00 target price on the stock. Royal Bank of Canada boosted their price objective on SolarWinds from $13.00 to $15.00 and gave the stock a sector perform rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a report on Thursday, February 1st. They issued a neutral rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, SolarWinds currently has a consensus rating of Hold and an average target price of $13.50.
Get Our Latest Stock Report on SolarWinds
SolarWinds Stock Performance
SolarWinds (NYSE:SWI – Get Free Report) last announced its earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. As a group, analysts expect that SolarWinds will post 0.62 earnings per share for the current year.
SolarWinds Dividend Announcement
The firm also recently declared a dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, April 2nd.
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.
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