SolarWinds (NYSE:SWI) Issues Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.270-0.280 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of $201.0 million-$204.0 million, compared to the consensus revenue estimate of $203.1 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWI shares. Robert W. Baird reduced their price target on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Scotiabank began coverage on SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Five 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 $13.80.

SolarWinds Trading Up 2.7 %

NYSE:SWI traded up $0.33 during midday trading on Thursday, reaching $12.75. 156,325 shares of the stock traded hands, compared to its average volume of 541,214. The company has a fifty day moving average of $12.70 and a 200 day moving average of $12.10. SolarWinds has a 12 month low of $8.98 and a 12 month high of $13.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $2.16 billion, a P/E ratio of 95.69 and a beta of 0.97.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $193.30 million for the quarter, compared to the consensus estimate of $188.67 million. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. On average, research analysts predict that SolarWinds will post 0.71 EPS for the current year.

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.