SolarWinds (NYSE:SWI) Releases Q1 2021 Earnings Guidance

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SolarWinds (NYSE:SWI) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $255.90 million-$256.90 million, compared to the consensus revenue estimate of $249.89 million.

A number of equities analysts have issued reports on the company. Citigroup initiated coverage on SolarWinds in a report on Wednesday, March 3rd. They set a buy rating and a $20.00 target price on the stock. Morgan Stanley lifted their price objective on SolarWinds from $15.00 to $19.00 and gave the company an equal weight rating in a report on Friday. TheStreet upgraded SolarWinds from a d+ rating to a c- rating in a report on Friday, February 5th. Barclays cut their price objective on SolarWinds from $20.00 to $14.00 and set an underweight rating on the stock in a report on Monday, January 11th. Finally, Jefferies Financial Group cut SolarWinds from a buy rating to a hold rating and cut their price objective for the company from $18.00 to $15.00 in a report on Monday, January 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. SolarWinds has a consensus rating of Hold and a consensus price target of $18.82.

SolarWinds stock traded down $0.59 during midday trading on Tuesday, reaching $16.49. The stock had a trading volume of 916,983 shares, compared to its average volume of 1,558,820. The stock has a market capitalization of $5.21 billion, a P/E ratio of 137.34 and a beta of 1.07. SolarWinds has a 1-year low of $13.98 and a 1-year high of $24.34. The firm’s fifty day simple moving average is $17.64 and its 200-day simple moving average is $18.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. SolarWinds had a return on equity of 9.65% and a net margin of 3.87%. On average, sell-side analysts anticipate that SolarWinds will post 0.82 earnings per share for the current fiscal year.

About SolarWinds

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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