SolarWinds (SWI) to Release Earnings on Tuesday

SolarWinds (NYSE:SWI) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect SolarWinds to post earnings of $0.27 per share and revenue of $202.91 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

SolarWinds Stock Up 0.7 %

Shares of NYSE SWI opened at $14.99 on Tuesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 68.13 and a beta of 0.94. The company has a 50-day moving average price of $14.26 and a 200-day moving average price of $13.23. SolarWinds has a 1 year low of $10.14 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71.

Wall Street Analysts Forecast Growth

SWI has been the subject of a number of analyst reports. Scotiabank lifted their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Royal Bank of Canada boosted their price target on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Wedbush began coverage on shares of SolarWinds in a research note on Thursday, December 19th. They issued an “outperform” rating and a $20.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.80.

Insider Activity

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the sale, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This trade represents a 8.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.95% of the company’s stock.

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.