SolarWinds Inc (SWI) Updates Q4 Earnings Guidance
SolarWinds Inc (NYSE:SWI) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.33-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36, American Banking & Market News reports. The company issued revenue guidance of $90.3-92.2 million, compared to the consensus revenue estimate of $90.76 million.
SolarWinds Inc (NYSE:SWI) traded down 1.22% on Tuesday, hitting $36.32. The stock had a trading volume of 2,183,030 shares. SolarWinds Inc has a 1-year low of $35.31 and a 1-year high of $61.52. The stock has a 50-day moving average of $37.69 and a 200-day moving average of $45.50. The company has a market cap of $2.739 billion and a P/E ratio of 30.93.
SolarWinds (NYSE:SWI) last announced its earnings results on Tuesday, October 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $87.90 million for the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts expect that SolarWinds Inc will post $1.52 EPS for the current fiscal year.
A number of research firms have recently commented on SWI. Analysts at Cowen and Company cut their price target on shares of SolarWinds from $34.00 to $33.00 in a research note to investors on Tuesday, October 8th. They now have a market perform rating on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of SolarWinds from a neutral rating to a sell rating in a research note to investors on Friday, September 20th. They now have a $35.00 price target on the stock, down previously from $46.00. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $43.57.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.