SolarWinds (SWI) Scheduled to Post Quarterly Earnings on Thursday

SolarWinds (NYSE:SWI - Get Free Report) will 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. Investors interested in participating in the company's conference call can do so using this link.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The business 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%. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. On average, analysts expect SolarWinds to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SolarWinds Stock Up 0.3 %

NYSE SWI traded up $0.04 during mid-day trading on Thursday, reaching $12.54. 267,928 shares of the company's stock traded hands, compared to its average volume of 548,338. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. SolarWinds has a 1-year low of $8.83 and a 1-year high of $13.45. The company has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $12.06. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 96.46 and a beta of 0.97.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank initiated 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 decreased their price objective on shares of SolarWinds from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.