SolarWinds (NYSE:SWI) Updates Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.270-0.280 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of $201.0 million-$204.0 million, compared to the consensus revenue estimate of $203.1 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

SolarWinds Stock Up 0.6 %

Shares of NYSE:SWI traded up $0.08 during trading on Friday, hitting $13.16. The company’s stock had a trading volume of 2,056,940 shares, compared to its average volume of 402,631. SolarWinds has a fifty-two week low of $9.41 and a fifty-two week high of $13.45. The stock’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $12.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The business had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that SolarWinds will post 0.71 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Scotiabank assumed coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target on the stock. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.00.

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.