SolarWinds (NYSE:SWI) Updates Q1 2021 Earnings Guidance

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SolarWinds (NYSE:SWI) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $255.90 million-$256.90 million, compared to the consensus revenue estimate of $249.89 million.

A number of equities analysts have recently commented on the company. Jefferies Financial Group cut SolarWinds from a buy rating to a hold rating and lowered their price target for the stock from $18.00 to $15.00 in a report on Monday, January 11th. Citigroup started coverage on SolarWinds in a report on Wednesday, March 3rd. They issued a buy rating and a $20.00 target price for the company. Morgan Stanley upped their target price on SolarWinds from $15.00 to $19.00 and gave the stock an equal weight rating in a report on Friday. TheStreet raised SolarWinds from a d+ rating to a c- rating in a report on Friday, February 5th. Finally, Zacks Investment Research raised SolarWinds from a sell rating to a hold rating in a report on Tuesday, April 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. SolarWinds has a consensus rating of Hold and an average price target of $18.82.

NYSE:SWI traded down $0.59 on Tuesday, hitting $16.49. The stock had a trading volume of 916,983 shares, compared to its average volume of 1,558,820. The business’s fifty day moving average is $17.64 and its 200 day moving average is $18.27. The company has a market cap of $5.21 billion, a PE ratio of 137.34 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. SolarWinds has a 52 week low of $13.98 and a 52 week high of $24.34.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. SolarWinds had a return on equity of 9.65% and a net margin of 3.87%. Equities analysts predict that SolarWinds will post 0.82 earnings per share for the current fiscal year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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