SolarWinds (NYSE:SWI) Announces Earnings Results

SolarWinds (NYSE:SWI - Get Free Report) released its earnings results on Wednesday. The software maker reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 Down 0.2 %

SWI stock traded down $0.04 during trading on Friday, hitting $18.32. The company had a trading volume of 842,013 shares, compared to its average volume of 330,496. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $14.88 and a 200-day moving average price of $13.57. SolarWinds has a 12 month low of $10.14 and a 12 month high of $18.55. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 83.25 and a beta of 0.94.

Wall Street Analyst Weigh In

SWI has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Truist Financial reiterated a "hold" rating and issued a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Scotiabank lifted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Robert W. Baird lifted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Wedbush cut shares of SolarWinds from an "outperform" rating to a "neutral" rating and cut their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds presently has an average rating of "Hold" and an average price target of $18.00.

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.