SolarWinds (NYSE:SWI) Issues FY 2019 Earnings Guidance

SolarWinds (NYSE:SWI) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.81-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.81. The company issued revenue guidance of $938-950 million, compared to the consensus revenue estimate of $940.75 million.SolarWinds also updated its FY19 guidance to $0.81-$0.82 EPS.

Several brokerages recently weighed in on SWI. ValuEngine lowered SolarWinds from a hold rating to a sell rating in a report on Tuesday, July 2nd. Jefferies Financial Group boosted their price objective on SolarWinds from $21.00 to $23.00 and gave the company a buy rating in a report on Thursday, April 25th. Zacks Investment Research lowered SolarWinds from a buy rating to a hold rating in a report on Thursday, April 11th. Citigroup boosted their price objective on SolarWinds from $20.00 to $23.00 and gave the company a buy rating in a report on Monday, May 6th. Finally, Goldman Sachs Group lowered SolarWinds from a neutral rating to a sell rating and lowered their price objective for the company from $20.00 to $17.50 in a report on Sunday, June 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. SolarWinds has an average rating of Hold and an average price target of $19.43.

Shares of NYSE:SWI traded down $0.02 during trading on Thursday, hitting $17.90. 1,232,500 shares of the company traded hands, compared to its average volume of 621,562. The company has a market capitalization of $5.51 billion and a PE ratio of 31.40. The stock has a fifty day simple moving average of $18.40. SolarWinds has a one year low of $12.25 and a one year high of $21.22. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.73.

In related news, CEO Kevin B. Thompson sold 19,158 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $18.97, for a total value of $363,427.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP W. Joseph Kim sold 4,530 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $19.58, for a total value of $88,697.40. The disclosure for this sale can be found here. Insiders have sold 2,690,902 shares of company stock valued at $46,953,909 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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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