SolarWinds (NYSE:SWI) Updates Q4 Earnings Guidance

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

SolarWinds Trading Down 0.5 %

NYSE:SWI opened at $12.44 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 95.69 and a beta of 0.97. SolarWinds has a one year low of $8.98 and a one year high of $13.45. The business has a fifty day moving average price of $12.70 and a 200-day moving average price of $12.10.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $193.30 million during the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. SolarWinds’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. Sell-side analysts forecast that SolarWinds will post 0.71 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SWI shares. Robert W. Baird reduced their price objective on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Scotiabank started coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.