Needham & Company Reaffirms Buy Rating on SolarWinds (SWI)
SolarWinds (NYSE: SWI)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company in a report released on Friday.
Shares of SolarWinds traded up 0.64% during mid-day trading on Friday, hitting $46.90. SolarWinds has a 52 week low of $19.72 and a 52 week high of $47.42. The company has a market cap of $3.397 billion and a P/E ratio of 55.48.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.25 EPS by $0.05. The company’s quarterly revenue was up 38.8% on a year-over-year basis. On average, analysts predict that SolarWinds will post $0.31 earnings per share next quarter.
A number of other analysts have also recently weighed in on SWI. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of SolarWinds from $40.00 to $44.00 in a research note to investors on Thursday, March 22nd. They now have an “outperform” rating on the stock. Separately, analysts at Noble Financial upgraded shares of SolarWinds from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 8th. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of SolarWinds to $42.00 in a research note to investors on Wednesday, February 8th.
SolarWinds, Inc. (SolarWinds) designs, develops, markets, sells and supports enterprise information technology (IT) infrastructure management software to IT professionals in organizations of all sizes.