SolarWinds Given New $41.00 Price Target at FBR Capital Markets (SWI)
Research analysts at FBR Capital Markets increased their target price on shares of SolarWinds (NYSE:SWI) from $39.00 to $41.00 in a report released on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective indicates a potential upside of 12.67% from the company’s current price.
Shares of SolarWinds (NYSE:SWI) opened at 36.39 on Wednesday. SolarWinds has a 52-week low of $32.67 and a 52-week high of $61.52. The stock has a 50-day moving average of $36.29 and a 200-day moving average of $40.32. The company has a market cap of $2.744 billion and a P/E ratio of 30.44.
SolarWinds (NYSE:SWI) last released its earnings data on Tuesday, October 29th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, analysts predict that SolarWinds will post $1.56 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.43.
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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