SolarWinds (SWI) Updates Q1 2019 Earnings Guidance

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.

SWI has been the topic of several recent analyst reports. ValuEngine upgraded SolarWinds from a hold rating to a buy rating in a research note on Thursday, January 31st. SunTrust Banks initiated coverage on SolarWinds in a research note on Tuesday, November 13th. They set a buy rating and a $20.00 target price on the stock. Nomura initiated coverage on SolarWinds in a research note on Tuesday, November 13th. They set a buy rating and a $24.00 target price on the stock. Robert W. Baird initiated coverage on SolarWinds in a research note on Tuesday, November 13th. They set an outperform rating and a $18.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on SolarWinds in a research note on Tuesday, November 13th. They set an outperform rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $19.14.

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About SolarWinds

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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