SolarWinds (NYSE:SWI) Releases FY22 Earnings Guidance

SolarWinds (NYSE:SWIGet Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.88-0.95 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $730-750 million, compared to the consensus revenue estimate of $741.77 million.SolarWinds also updated its Q2 guidance to $0.20 EPS.

A number of analysts have recently commented on the company. Zacks Investment Research cut SolarWinds from a buy rating to a hold rating in a research note on Thursday, April 21st. TheStreet cut SolarWinds from a c rating to a d+ rating in a research note on Friday, February 18th. Finally, Truist Financial lowered their price target on SolarWinds from $18.00 to $15.00 and set a hold rating for the company in a research note on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, SolarWinds has a consensus rating of Hold and a consensus price target of $20.43.

Shares of SWI opened at $12.54 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a 50 day simple moving average of $12.64 and a 200 day simple moving average of $14.04. SolarWinds has a 52-week low of $10.76 and a 52-week high of $23.00. The firm has a market capitalization of $2.01 billion, a PE ratio of -39.19 and a beta of 0.87.

SolarWinds (NYSE:SWIGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The software maker reported ($0.14) earnings per share (EPS) for the quarter. SolarWinds had a negative net margin of 5.80% and a positive return on equity of 3.59%. The business had revenue of $186.70 million during the quarter, compared to analyst estimates of $181.84 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. SolarWinds’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts predict that SolarWinds will post 0.75 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in SolarWinds during the 4th quarter worth approximately $4,658,000. Harbour Investments Inc. acquired a new position in SolarWinds during the 4th quarter worth approximately $64,000. Penserra Capital Management LLC boosted its position in SolarWinds by 68.0% during the 4th quarter. Penserra Capital Management LLC now owns 3,836 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,552 shares during the last quarter. Sei Investments Co. boosted its position in SolarWinds by 10.9% during the 4th quarter. Sei Investments Co. now owns 14,687 shares of the software maker’s stock worth $212,000 after acquiring an additional 1,441 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in SolarWinds during the 4th quarter worth approximately $352,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

About SolarWinds (Get Rating)

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.

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