SolarWinds (SWI) Issues Quarterly Earnings Results

SolarWinds (NYSE:SWI) issued its quarterly earnings results on Thursday. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01, Briefing.com reports. The business had revenue of $221.60 million during the quarter, compared to analyst estimates of $219.02 million. The company’s quarterly revenue was up 18.3% on a year-over-year basis.

Shares of SolarWinds stock traded up $0.50 during trading on Friday, hitting $18.05. 938,900 shares of the stock were exchanged, compared to its average volume of 368,278. SolarWinds has a 1-year low of $12.25 and a 1-year high of $19.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.16.

Several equities research analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They issued a “buy” rating and a $23.00 price target on the stock. Nomura assumed coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They issued a “buy” rating and a $24.00 price target on the stock. Credit Suisse Group assumed coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They issued an “outperform” rating and a $19.00 price target on the stock. Royal Bank of Canada assumed coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They issued an “equal weight” rating and a $18.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.36.

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About SolarWinds

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.

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Earnings History for SolarWinds (NYSE:SWI)

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