SolarWinds (SWI) Releases FY19 Earnings Guidance

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.

SWI has been the subject of a number of recent research reports. Jefferies Financial Group raised their price target on shares of SolarWinds from $21.00 to $23.00 and gave the stock a buy rating in a research report on Thursday. ValuEngine raised shares of SolarWinds from a hold rating to a buy rating in a research report on Thursday, January 31st. Zacks Investment Research raised shares of SolarWinds from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Tuesday, February 12th. Barclays reissued a hold rating and set a $18.00 price target on shares of SolarWinds in a research report on Sunday, February 10th. Finally, Goldman Sachs Group lowered shares of SolarWinds from a buy rating to a neutral rating and set a $20.00 price target for the company. in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $19.40.

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.

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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.

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Earnings History and Estimates for SolarWinds (NYSE:SWI)

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