SolarWinds (SWI) to Release Quarterly Earnings on Thursday

SolarWinds (NYSE:SWI) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $193.30 million for the quarter, compared to analysts’ expectations of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Stock Down 2.0 %

Shares of NYSE SWI opened at $12.50 on Thursday. SolarWinds has a 1 year low of $8.83 and a 1 year high of $13.45. 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 firm has a market cap of $2.10 billion, a PE ratio of 178.57 and a beta of 0.97. The company has a 50 day simple moving average of $12.73 and a 200 day simple moving average of $12.05.

Analysts Set New Price Targets

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

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.