SolarWinds Inc Reaches New 12-Month Low at $34.54 (SWI)
SolarWinds (NYSE:SWI) set a new 52-week low during trading on Tuesday, ARN reports. The stock traded as low as $34.54 and last traded at $35.59, with a volume of 1,952,370 shares. The stock had previously closed at $36.53.
A number of analysts have recently weighed in on SWI shares. Analysts at Goldman Sachs Group Inc. downgraded shares of SolarWinds (NYSE:SWI) from a “neutral” rating to a “sell” rating in a research note to investors on Friday. They now have a $35.00 price target on the stock, down previously from $46.00. Separately, analysts at Zacks upgraded shares of SolarWinds (NYSE:SWI) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $36.60 price target on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of SolarWinds (NYSE:SWI) from $54.00 to $46.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. SolarWinds has an average rating of “Hold” and a consensus target price of $44.33.
SolarWinds has a 52 week low of $35.31 and a 52 week high of $61.52. The stock has a 50-day moving average of $38.0 and a 200-day moving average of $44.51. The company has a market cap of $2.676 billion and a price-to-earnings ratio of 30.72.
SolarWinds (NYSE:SWI) last announced its earnings results on Thursday, July 25th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.04. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $78.94 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, analysts predict that SolarWinds will post $1.53 earnings per share for the current fiscal year.
SolarWinds, Inc (NYSE:SWI) designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.
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