SolarWinds (NYSE:SWI) Issues Q3 2019 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of $241.5-246 million, compared to the consensus revenue estimate of $243.41 million.SolarWinds also updated its FY 2019 guidance to $0.81-0.82 EPS.

Shares of SWI traded down $0.20 during trading hours on Friday, hitting $17.70. The stock had a trading volume of 1,454,409 shares, compared to its average volume of 491,979. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $5.56 billion and a price-to-earnings ratio of 31.05. The stock has a fifty day simple moving average of $18.39. SolarWinds has a 12-month low of $12.25 and a 12-month high of $21.22.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, August 1st. The software maker reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $230.60 million during the quarter, compared to analyst estimates of $226.51 million. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that SolarWinds will post 0.81 EPS for the current year.

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

In other news, CEO Kevin B. Thompson sold 19,158 shares of SolarWinds stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $18.97, for a total transaction of $363,427.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP W. Joseph Kim sold 4,530 shares of SolarWinds stock in a transaction dated 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. Over the last ninety days, insiders have sold 2,690,902 shares of company stock worth $46,953,909. Corporate insiders own 1.60% of the company’s stock.

About SolarWinds

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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