SolarWinds (NYSE:SWI) Announces Earnings Results

SolarWinds (NYSE:SWI) announced its earnings results on Wednesday. The software maker reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14, Zacks reports. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%.

SolarWinds Trading Up 0.5 %

SWI traded up $0.09 during trading on Wednesday, reaching $18.32. 1,220,577 shares of the company’s stock were exchanged, compared to its average volume of 911,343. The company’s fifty day moving average price is $14.65 and its 200-day moving average price is $13.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $3.12 billion, a PE ratio of 83.28 and a beta of 0.94. SolarWinds has a fifty-two week low of $10.14 and a fifty-two week high of $18.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SWI shares. Robert W. Baird increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday. Royal Bank of Canada increased their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Truist Financial restated a “hold” rating and issued a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research report on Monday. Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Finally, Scotiabank boosted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

About SolarWinds

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.