SolarWinds (NYSE:SWI) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

SolarWinds (NYSE:SWI) issued its quarterly earnings results on Thursday. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02, Briefing.com reports. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.

SolarWinds Trading Up 5.3 %

Shares of NYSE SWI traded up $0.66 during midday trading on Thursday, reaching $13.08. 662,203 shares of the stock were exchanged, compared to its average volume of 543,611. The business has a 50-day simple moving average of $12.70 and a two-hundred day simple moving average of $12.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 95.69 and a beta of 0.97. SolarWinds has a 12 month low of $8.98 and a 12 month high of $13.45.

Analyst Ratings Changes

Several equities research analysts have recently commented on SWI shares. Scotiabank assumed coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target for the company. Robert W. Baird dropped their target price on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.80.

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.