SolarWinds (SWI) Scheduled to Post Earnings on Thursday

SolarWinds (NYSE:SWI) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect SolarWinds to post earnings of $0.25 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The business had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. During the same period in the prior year, the business posted $0.12 earnings per share. SolarWinds’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Stock Up 0.3 %

NYSE:SWI opened at $12.50 on Wednesday. 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 $8.98 and a 12-month high of $13.45. The firm has a market capitalization of $2.12 billion, a P/E ratio of 96.15 and a beta of 0.97. The stock’s fifty day simple moving average is $12.70 and its 200-day simple moving average is $12.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SWI. Scotiabank assumed coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target on the stock. Robert W. Baird cut their price objective on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.80.

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.