SolarWinds (NYSE:SWI) Announces Quarterly Earnings Results

SolarWinds (NYSE:SWI) posted its quarterly earnings data on Wednesday. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14, Zacks reports. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%.

SolarWinds Price Performance

Shares of NYSE SWI traded up $0.09 during midday trading on Wednesday, reaching $18.32. 1,220,577 shares of the company traded hands, compared to its average volume of 911,343. SolarWinds has a 12 month low of $10.14 and a 12 month high of $18.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $13.44. The firm has a market cap of $3.12 billion, a PE ratio of 83.28 and a beta of 0.94.

Analyst Ratings Changes

Several brokerages recently issued reports on SWI. Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial restated a “hold” rating and issued a $18.50 target price (up from $13.00) on shares of SolarWinds in a research note on Monday. Royal Bank of Canada lifted their price target on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Scotiabank increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday. Finally, Robert W. Baird raised their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

About SolarWinds

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.