SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks. 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 monitor and analyze the performance of applications and their supporting infrastructure, including websites, servers, physical, virtual and cloud infrastructure, storage, and databases. The company also provides a suite of application performance management software that enable visibility into log data, cloud infrastructure metrics, applications, tracing, and web performance management; and service management software that offers ITIL-compliant service desk solutions for various companies. It markets and sells its products directly to network and systems engineers, database administrators, storage administrators, DevOps, SecOps, and service desk professionals. The company was formerly known as SolarWinds Parent, Inc. and changed its name to SolarWinds Corporation in May 2018. SolarWinds Corporation was founded in 1999 and is headquartered in Austin, Texas.
Analyst Ratings Changes
SWI has been the subject of a number of recent research reports. Truist Financial dropped their target price on SolarWinds from $15.00 to $10.00 in a research report on Wednesday. Morgan Stanley dropped their target price on SolarWinds from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada dropped their target price on SolarWinds from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.75.
SolarWinds Trading Up 0.3 %
SolarWinds stock traded up $0.03 during trading hours on Friday, reaching $9.64. The company had a trading volume of 515,427 shares, compared to its average volume of 456,437. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 2.13. The company has a 50-day moving average price of $10.97 and a 200 day moving average price of $12.02. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -2.35 and a beta of 0.88. SolarWinds has a 12-month low of $9.28 and a 12-month high of $20.55.
SolarWinds (NYSE:SWI - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The software maker reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $176.03 million for the quarter, compared to analysts' expectations of $175.53 million. SolarWinds had a positive return on equity of 0.99% and a negative net margin of 91.47%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities analysts forecast that SolarWinds will post 0.53 earnings per share for the current year.