SolarWinds (NYSE:SWI) Updates Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. 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.

SolarWinds Stock Up 0.6 %

SWI traded up $0.08 during trading on Friday, reaching $13.16. The company had a trading volume of 2,056,940 shares, compared to its average volume of 402,631. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. SolarWinds has a 12 month low of $9.41 and a 12 month high of $13.45. The business’s fifty day moving average price is $12.72 and its 200 day moving average price is $12.13. The company has a market cap of $2.23 billion, a P/E ratio of 59.82 and a beta of 0.96.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities analysts anticipate that SolarWinds will post 0.71 EPS for the current year.

Analysts Set New Price Targets

SWI has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research 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 price objective for the company. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

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.