Stephens Starts Stock Coverage on SolarWinds (SWI)
SolarWinds traded up 0.16% on Friday, hitting $44.12. SolarWinds has a 1-year low of $19.72 and a 1-year high of $47.42. The company has a market cap of $3.263 billion and a price-to-earnings ratio of 48.41.
SolarWinds last released its earnings data on Thursday, April 26th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. Analysts expect that SolarWinds will post $0.31 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of SolarWinds to $39.00 in a research note to investors on Friday, April 27th. They now have an “underweight” rating on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of SolarWinds in a research note to investors on Friday, April 27th. Finally, 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.
SolarWinds, Inc. (SolarWinds) designs, develops, markets, sells and supports enterprise information technology (IT) infrastructure management software to IT professionals in organizations of all sizes.