SolarWinds (NYSE:SWI) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.80-$0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.80. The company issued revenue guidance of $934-$949 million, compared to the consensus revenue estimate of $928.79 million.SolarWinds also updated its FY 2019 guidance to $0.80-0.82 EPS.
SWI traded down $0.32 during trading on Thursday, reaching $19.40. 632,801 shares of the company’s stock were exchanged, compared to its average volume of 398,543. SolarWinds has a 1 year low of $12.25 and a 1 year high of $21.22. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $6.03 billion and a PE ratio of 34.04.
SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $216.54 million. SolarWinds’s revenue was up 9.6% on a year-over-year basis. As a group, analysts predict that SolarWinds will post 0.8 EPS for the current fiscal year.
An institutional investor recently bought a new position in SolarWinds stock. Geode Capital Management LLC purchased a new position in SolarWinds Corp (NYSE:SWI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,533 shares of the software maker’s stock, valued at approximately $781,000. Institutional investors own 95.04% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “SolarWinds (SWI) Releases FY19 Earnings Guidance” was first published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/04/25/solarwinds-swi-releases-fy19-earnings-guidance.html.
SolarWinds Company Profile
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, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.
See Also: What is cost of equity?
Receive News & Ratings for SolarWinds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarWinds and related companies with MarketBeat.com's FREE daily email newsletter.