SolarWinds (NYSE:SWI) announced its earnings results on Thursday. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01, Briefing.com reports. The business had revenue of $221.60 million for the quarter, compared to analyst estimates of $219.02 million. The firm’s quarterly revenue was up 18.3% on a year-over-year basis.
Shares of SWI stock traded up $0.50 during mid-day trading on Friday, reaching $18.05. The stock had a trading volume of 938,900 shares, compared to its average volume of 368,278. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.16 and a quick ratio of 1.16. SolarWinds has a 1-year low of $12.25 and a 1-year high of $19.04.
Several research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $21.00 target price on shares of SolarWinds in a research report on Friday. JPMorgan Chase & Co. assumed coverage on SolarWinds in a research report on Tuesday, November 13th. They set an “overweight” rating and a $20.00 target price on the stock. Citigroup assumed coverage on SolarWinds in a research report on Tuesday, November 13th. They set a “buy” rating and a $20.00 target price on the stock. JMP Securities assumed coverage on SolarWinds in a research report on Tuesday, November 13th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Goldman Sachs Group assumed coverage on SolarWinds in a research report on Tuesday, November 13th. They set a “buy” rating and a $23.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.36.
SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.
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