SolarWinds (NYSE:SWI) Releases Q2 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.21-0.23 for the period, compared to the consensus estimate of $0.23. The company issued revenue guidance of $186-191 million, compared to the consensus revenue estimate of $190.14 million. SolarWinds also updated its FY24 guidance to $1.00-1.04 EPS.

SolarWinds Stock Up 0.5 %

NYSE SWI opened at $11.08 on Thursday. The stock has a market cap of $1.86 billion, a PE ratio of -221.60 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $11.76 and a two-hundred day moving average price of $11.59. SolarWinds has a fifty-two week low of $8.49 and a fifty-two week high of $13.43.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $190.54 million. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. As a group, sell-side analysts predict that SolarWinds will post 0.62 EPS for the current fiscal year.

SolarWinds Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

Wall Street Analyst Weigh In

SWI has been the topic of several research reports. Royal Bank of Canada upped their price target on SolarWinds from $13.00 to $15.00 and gave the company a sector perform rating in a research report on Friday, February 9th. Truist Financial began coverage on SolarWinds in a research report on Wednesday, March 6th. They issued a hold rating and a $13.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on SolarWinds in a research report on Thursday, February 1st. They issued a neutral rating and a $14.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $13.50.

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.