SolarWinds (NYSE:SWI) Releases FY19 Earnings Guidance

SolarWinds (NYSE:SWI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.81-$0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81. The company issued revenue guidance of $938-$950 million, compared to the consensus revenue estimate of $940.63 million.SolarWinds also updated its FY 2019 guidance to $0.81-0.82 EPS.

Several research firms recently commented on SWI. Goldman Sachs Group lowered shares of SolarWinds from a neutral rating to a sell rating and reduced their target price for the company from $20.00 to $17.50 in a report on Sunday, June 30th. ValuEngine lowered shares of SolarWinds from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of SolarWinds from a buy rating to a hold rating in a report on Thursday, April 11th. Jefferies Financial Group increased their target price on shares of SolarWinds from $21.00 to $23.00 and gave the company a buy rating in a report on Thursday, April 25th. Finally, Citigroup increased their target price on shares of SolarWinds from $20.00 to $23.00 and gave the company a buy rating in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $19.43.

SolarWinds stock traded down $0.20 during trading hours on Friday, reaching $17.70. The stock had a trading volume of 1,454,409 shares, compared to its average volume of 491,979. The stock has a market cap of $5.56 billion and a PE ratio of 31.05. SolarWinds has a 52 week low of $12.25 and a 52 week high of $21.22. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $18.39.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $230.60 million for the quarter, compared to analyst estimates of $226.51 million. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Research analysts predict that SolarWinds will post 0.81 EPS for the current year.

In other SolarWinds news, major shareholder Berman Insurance Fun Neuberger sold 302,419 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $17.42, for a total value of $5,268,138.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aurora Co-Invest L.P. Slp sold 2,130,235 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $17.42, for a total transaction of $37,108,693.70. The disclosure for this sale can be found here. In the last three months, insiders sold 2,690,902 shares of company stock worth $46,953,909. Insiders own 1.60% of the company’s stock.

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, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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Earnings History and Estimates for SolarWinds (NYSE:SWI)

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