SolarWinds (NYSE:SWI – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. 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.
Shares of NYSE:SWI traded up $0.27 during trading on Wednesday, reaching $11.54. 614,729 shares of the stock were exchanged, compared to its average volume of 696,765. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 2.13. SolarWinds has a 1-year low of $10.40 and a 1-year high of $23.00. The stock has a fifty day moving average of $12.34 and a two-hundred day moving average of $13.39. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -36.35 and a beta of 0.87.
SolarWinds (NYSE:SWI – Get Rating) last issued its earnings results on Thursday, May 5th. The software maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $176.87 million for the quarter, compared to analyst estimates of $174.68 million. SolarWinds had a positive return on equity of 2.45% and a negative net margin of 6.06%. SolarWinds’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Sell-side analysts forecast that SolarWinds will post 0.75 EPS for the current year.
Large investors have recently made changes to their positions in the business. Morgan Stanley grew its stake in shares of SolarWinds by 215.2% during the 2nd quarter. Morgan Stanley now owns 185,922 shares of the software maker’s stock worth $3,140,000 after acquiring an additional 126,938 shares during the period. Royal Bank of Canada bought a new position in shares of SolarWinds during the 3rd quarter worth $861,000. Bank of America Corp DE grew its stake in shares of SolarWinds by 35.0% during the 4th quarter. Bank of America Corp DE now owns 89,783 shares of the software maker’s stock worth $1,274,000 after acquiring an additional 23,300 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SolarWinds by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 76,740 shares of the software maker’s stock worth $1,089,000 after acquiring an additional 5,496 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of SolarWinds by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 222,770 shares of the software maker’s stock worth $3,162,000 after acquiring an additional 4,451 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.
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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