SolarWinds (NYSE:SWI – Get Free Report) issued its quarterly earnings data on Thursday. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, Briefing.com reports. SolarWinds had a net margin of 2.96% and a return on equity of 7.05%. The firm had revenue of $193.30 million for the quarter, compared to the consensus estimate of $188.67 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.
SolarWinds Stock Performance
NYSE:SWI traded down $0.49 during trading hours on Friday, hitting $11.11. 1,125,464 shares of the company were exchanged, compared to its average volume of 474,992. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 158.71 and a beta of 0.97. SolarWinds has a 52-week low of $8.83 and a 52-week high of $13.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50 day moving average price is $11.76 and its 200-day moving average price is $11.88.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird dropped their target price on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds has an average rating of “Hold” and a consensus price target of $13.60.
SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.
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