SolarWinds (NYSE:SWI) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

SolarWinds (NYSE:SWI) issued its quarterly earnings results on Wednesday. The software maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14, Zacks reports. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%.

SolarWinds Price Performance

SWI stock traded up $0.09 during mid-day trading on Wednesday, reaching $18.32. 1,220,577 shares of the company traded hands, compared to its average volume of 911,343. The company has a fifty day moving average price of $14.65 and a 200-day moving average price of $13.44. SolarWinds has a 52-week low of $10.14 and a 52-week high of $18.55. The company has a market capitalization of $3.12 billion, a P/E ratio of 83.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71.

Wall Street Analyst Weigh In

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