SolarWinds (NYSE:SWI) Issues Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWIGet Free Report) 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.

View Our Latest Research Report on SolarWinds

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:SWIGet Free Report) 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

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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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