SolarWinds (NYSE:SWI) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

SolarWinds (NYSE:SWI) released its earnings results on Wednesday. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14, Zacks reports. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%.

SolarWinds Trading Down 0.1 %

NYSE SWI opened at $18.33 on Friday. The company’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $13.50. The stock has a market cap of $3.13 billion, a P/E ratio of 83.32 and a beta of 0.94. SolarWinds has a 52 week low of $10.14 and a 52 week high of $18.55. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Truist Financial reaffirmed a “hold” rating and issued a $18.50 target price (up from $13.00) on shares of SolarWinds in a research note on Monday. Royal Bank of Canada increased their target price on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Finally, Robert W. Baird raised their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.