SolarWinds (NYSE:SWI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

SolarWinds (NYSE:SWI) announced its quarterly earnings results on Thursday. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02, Briefing.com reports. The company had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.99% and a net margin of 4.93%. SolarWinds’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS.

SolarWinds Price Performance

Shares of SWI stock opened at $13.16 on Friday. The business’s fifty day moving average is $12.72 and its 200 day moving average is $12.12. 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 stock has a market cap of $2.23 billion, a price-to-earnings ratio of 59.82 and a beta of 0.96. SolarWinds has a twelve month low of $9.41 and a twelve month high of $13.45.

Analysts Set New Price Targets

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