SolarWinds (NYSE:SWI - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.080-1.090 for the period, compared to the consensus earnings per share estimate of 1.060. The company issued revenue guidance of $788.0 million-$791.0 million, compared to the consensus revenue estimate of $783.7 million. SolarWinds also updated its Q4 guidance to $0.27-0.28 EPS.
SolarWinds Price Performance
Shares of SWI stock traded up $0.68 during trading on Thursday, hitting $13.10. The company had a trading volume of 662,206 shares, compared to its average volume of 543,611. The stock's 50-day moving average is $12.71 and its two-hundred day moving average is $12.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 100.77 and a beta of 0.97. SolarWinds has a 52 week low of $8.98 and a 52 week high of $13.45.
SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. 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 the consensus estimate of $194.03 million. During the same quarter last year, the business posted $0.11 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts predict that SolarWinds will post 0.71 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SWI shares. Scotiabank assumed coverage on SolarWinds in a research note on Friday, September 13th. They issued a "sector perform" rating and a $13.00 target price for the company. Robert W. Baird decreased their target price on shares of SolarWinds from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds presently has an average rating of "Hold" and a consensus target price of $13.80.
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SolarWinds Company Profile
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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.
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