SolarWinds (NYSE:SWI) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.16-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $215-218 million, compared to the consensus revenue estimate of $218.11 million.SolarWinds also updated its FY 2019 guidance to $0.78-0.80 EPS.
Shares of SolarWinds stock traded down $0.15 during midday trading on Thursday, hitting $17.55. The company had a trading volume of 545,204 shares, compared to its average volume of 346,331. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.16. SolarWinds has a 52-week low of $12.25 and a 52-week high of $19.04.
SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Tuesday, November 13th. The software maker reported $0.17 earnings per share for the quarter. The company had revenue of $213.28 million during the quarter. On average, research analysts anticipate that SolarWinds will post 0.58 EPS for the current year.
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SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.
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