SolarWinds (NYSE:SWI) Releases FY19 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.81-$0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.81. The company issued revenue guidance of $938-$950 million, compared to the consensus revenue estimate of $940.63 million.SolarWinds also updated its FY 2019 guidance to $0.81-0.82 EPS.

Shares of NYSE SWI traded down $0.20 during trading hours on Friday, hitting $17.70. 1,454,409 shares of the stock were exchanged, compared to its average volume of 491,979. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $18.39. The stock has a market cap of $5.56 billion and a price-to-earnings ratio of 31.05. SolarWinds has a one year low of $12.25 and a one year high of $21.22.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $230.60 million for the quarter, compared to analyst estimates of $226.51 million. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts anticipate that SolarWinds will post 0.81 EPS for the current year.

SWI has been the subject of several recent analyst reports. Goldman Sachs Group downgraded shares of SolarWinds from a neutral rating to a sell rating and decreased their price objective for the stock from $20.00 to $17.50 in a report on Sunday, June 30th. Zacks Investment Research downgraded shares of SolarWinds from a buy rating to a hold rating in a report on Thursday, April 11th. Jefferies Financial Group upped their price objective on shares of SolarWinds from $21.00 to $23.00 and gave the stock a buy rating in a report on Thursday, April 25th. ValuEngine downgraded shares of SolarWinds from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Citigroup upped their price objective on shares of SolarWinds from $20.00 to $23.00 and gave the stock a buy rating in a report on Monday, May 6th. Two 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. The company presently has a consensus rating of Hold and an average target price of $19.43.

In related news, insider Lexington Co-Investment Holdin sold 151,210 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $17.42, for a total transaction of $2,634,078.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP W. Joseph Kim sold 4,530 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $19.58, for a total transaction of $88,697.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,690,902 shares of company stock valued at $46,953,909. 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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