SolarWinds (NYSE:SWI) Releases Q4 Earnings Guidance

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

SolarWinds Stock Performance

Shares of NYSE SWI traded up $0.08 during mid-day trading on Friday, reaching $13.16. 2,056,940 shares of the company were exchanged, compared to its average volume of 402,631. The stock has a market capitalization of $2.23 billion, a P/E ratio of 59.82 and a beta of 0.96. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The company’s 50-day simple moving average is $12.72 and its 200-day simple moving average is $12.12. SolarWinds has a twelve month low of $9.41 and a twelve month high of $13.45.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, research analysts predict that SolarWinds will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.