SolarWinds (NYSE:SWI) Updates Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) updated its fourth quarter 2024 earnings guidance on Thursday. 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 Price Performance

Shares of SolarWinds stock traded up $0.33 on Thursday, reaching $12.75. The company’s stock had a trading volume of 156,325 shares, compared to its average volume of 541,214. 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 50-day moving average price of $12.70 and a 200-day moving average price of $12.10. The company has a market capitalization of $2.16 billion, a P/E ratio of 95.69 and a beta of 0.97. SolarWinds has a 52-week low of $8.98 and a 52-week high of $13.45.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts expect that SolarWinds will post 0.71 EPS for the current year.

Analyst Ratings Changes

SWI has been the topic of several recent research reports. Scotiabank assumed coverage on SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target on the stock. Robert W. Baird dropped their price objective on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds currently has an average rating of “Hold” and a consensus target price of $13.80.

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.