SolarWinds (NYSE:SWI) Releases FY 2022 Earnings Guidance

SolarWinds (NYSE:SWIGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.88-$0.95 for the period, compared to the consensus estimate of $1.05. The company issued revenue guidance of $730.00 million-$750.00 million, compared to the consensus revenue estimate of $740.92 million.SolarWinds also updated its Q2 2022 guidance to $0.20-$0.20 EPS.

Several analysts recently weighed in on the stock. Truist Financial dropped their target price on shares of SolarWinds from $18.00 to $15.00 and set a hold rating for the company in a report on Tuesday, February 22nd. TheStreet cut shares of SolarWinds from a c rating to a d+ rating in a research report on Friday, February 18th. Finally, Zacks Investment Research cut shares of SolarWinds from a buy rating to a hold rating in a research report on Thursday, April 21st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, SolarWinds presently has an average rating of Hold and an average target price of $18.50.

SWI stock traded down $0.19 during midday trading on Monday, hitting $11.10. The company’s stock had a trading volume of 3,913 shares, compared to its average volume of 716,952. The company has a quick ratio of 2.08, a current ratio of 2.13 and a debt-to-equity ratio of 0.82. SolarWinds has a 52-week low of $10.40 and a 52-week high of $23.00. The firm has a market capitalization of $1.78 billion, a P/E ratio of -35.97 and a beta of 0.87. The firm has a 50-day simple moving average of $12.35 and a 200-day simple moving average of $13.62.

SolarWinds (NYSE:SWIGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $176.87 million during the quarter, compared to analysts’ expectations of $174.68 million. SolarWinds had a negative net margin of 6.06% and a positive return on equity of 2.45%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. On average, sell-side analysts expect that SolarWinds will post 0.75 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of SolarWinds by 6.3% during the 4th quarter. Invesco Ltd. now owns 71,332 shares of the software maker’s stock worth $1,012,000 after purchasing an additional 4,220 shares during the last quarter. Royal Bank of Canada purchased a new stake in SolarWinds in the third quarter valued at $861,000. Ergoteles LLC purchased a new stake in SolarWinds in the first quarter valued at $625,000. Schonfeld Strategic Advisors LLC purchased a new stake in SolarWinds in the fourth quarter valued at $352,000. Finally, Sei Investments Co. lifted its position in SolarWinds by 56.4% in the first quarter. Sei Investments Co. now owns 22,974 shares of the software maker’s stock valued at $308,000 after acquiring an additional 8,287 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

SolarWinds Company Profile (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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