SolarWinds (NYSE:SWI) will be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect SolarWinds to post earnings of $0.19 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of SWI opened at $17.92 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.61 billion and a price-to-earnings ratio of 31.44. The business has a fifty day moving average price of $18.41. SolarWinds has a twelve month low of $12.25 and a twelve month high of $21.22.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Citigroup increased their target price on SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group increased their target price on ServiceNow from $242.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Goldman Sachs Group lowered Zoom Video Communications from a “neutral” rating to a “sell” rating and increased their target price for the stock from $53.00 to $66.00 in a research report on Sunday, June 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.43.
In related news, Director Aurora Co-Invest L.P. Slp sold 2,130,235 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $17.42, for a total value of $37,108,693.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin B. Thompson sold 19,158 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $18.97, for a total value of $363,427.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,690,902 shares of company stock valued at $46,953,909. 1.60% of the stock is owned by insiders.
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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