SolarWinds (NYSE:SWI) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

SolarWinds (NYSE:SWI) issued its quarterly earnings results on Wednesday. The software maker reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

SolarWinds stock traded down $0.01 during mid-day trading on Thursday, reaching $18.31. The company had a trading volume of 67,290 shares, compared to its average volume of 881,593. The stock’s 50-day simple moving average is $14.73 and its 200-day simple moving average is $13.47. The company has a market capitalization of $3.12 billion, a P/E ratio of 83.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. SolarWinds has a 1 year low of $10.14 and a 1 year high of $18.55.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SWI shares. Truist Financial restated 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. Royal Bank of Canada raised their price objective on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank boosted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday. Robert W. Baird raised their price target on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday. Finally, Wedbush downgraded SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price target 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, According to data from MarketBeat, SolarWinds currently has a consensus rating of “Hold” and a consensus price target of $18.00.

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.