SolarWinds (NYSE:SWI) Updates Q4 2024 Earnings Guidance

SolarWinds (NYSE:SWI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.270-0.280 for the period, compared to the consensus earnings per share estimate of 0.250. The company issued revenue guidance of $201.0 million-$204.0 million, compared to the consensus revenue estimate of $203.1 million. SolarWinds also updated its FY 2024 guidance to 1.080-1.090 EPS.

SolarWinds Stock Up 0.6 %

SWI stock traded up $0.08 during trading hours on Friday, reaching $13.16. 2,056,940 shares of the stock were exchanged, compared to its average volume of 402,631. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 59.82 and a beta of 0.96. The firm’s 50-day moving average is $12.72 and its 200-day moving average is $12.13. SolarWinds has a 12 month low of $9.41 and a 12 month high of $13.45.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.99% and a net margin of 4.93%. The company had revenue of $200.03 million during the quarter, compared to analysts’ expectations of $194.03 million. During the same quarter last year, the company earned $0.11 EPS. SolarWinds’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that SolarWinds will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWI. Scotiabank began coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird lifted their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds has an average rating of “Hold” and an average price target of $14.00.

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.