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

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

SolarWinds Stock Performance

NYSE SWI traded down $0.01 during trading on Thursday, reaching $18.31. The company’s stock had a trading volume of 67,290 shares, compared to its average volume of 881,593. The business’s fifty day moving average price is $14.73 and its 200-day moving average price is $13.47. SolarWinds has a twelve month low of $10.14 and a twelve month high of $18.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 83.21 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWI. Robert W. Baird raised their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday. Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial restated a “hold” rating and issued a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research note on Monday. Royal Bank of Canada lifted 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. Finally, Scotiabank boosted their target price on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.00.

SolarWinds Company Profile

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.