SolarWinds (NYSE:SWI) Issues Q4 Earnings Guidance

SolarWinds (NYSE:SWIGet Free Report) 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 Ratings Changes

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

View Our Latest Stock Report on SolarWinds

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 firm has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.12. The stock has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. SolarWinds has a one year low of $9.41 and a one year high of $13.45. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92.

SolarWinds (NYSE:SWIGet Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.99% and a net margin of 4.93%. SolarWinds’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities research analysts forecast that SolarWinds will post 0.71 earnings per share for the current fiscal year.

SolarWinds Company Profile

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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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