SolarWinds (NYSE:SWI) Releases Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.270-0.280 for the period, compared to the consensus earnings per share estimate of 0.250. The company issued revenue guidance of $201.0 million-$204.0 million, compared to the consensus revenue estimate of $203.1 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

Analysts Set New Price Targets

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

SolarWinds Stock Up 0.6 %

SWI traded up $0.08 during mid-day trading on Friday, reaching $13.16. 2,056,940 shares of the stock were exchanged, compared to its average volume of 402,631. SolarWinds has a 1 year low of $9.41 and a 1 year high of $13.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. The company has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $12.13.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analyst estimates 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 company posted $0.11 earnings per share. As a group, research analysts anticipate that SolarWinds will post 0.71 EPS for the current 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.