SolarWinds (NYSE:SWI) Issues Q4 Earnings Guidance

SolarWinds (NYSE:SWI) 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.

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:SWI) 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

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.