SolarWinds (NYSE:SWI) Releases FY24 Earnings Guidance

SolarWinds (NYSE:SWI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.04-1.08 for the period, compared to the consensus estimate of $1.03. The company issued revenue guidance of $778-188 million, compared to the consensus revenue estimate of $779.31 million. SolarWinds also updated its Q3 guidance to $0.24-0.26 EPS.

SolarWinds Stock Performance

Shares of SolarWinds stock opened at $11.93 on Thursday. The firm has a 50-day simple moving average of $11.79 and a two-hundred day simple moving average of $11.88. The company has a market cap of $2.01 billion, a P/E ratio of 170.43 and a beta of 0.97. SolarWinds has a fifty-two week low of $8.83 and a fifty-two week high of $13.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 0.71.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $193.31 million during the quarter, compared to the consensus estimate of $189.74 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. As a group, equities analysts predict that SolarWinds will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of SolarWinds from $14.00 to $15.00 and gave the stock a neutral rating in a research report on Monday, May 6th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has a consensus rating of Hold and an average price target of $13.80.

About SolarWinds

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.