SolarWinds Corporation (NYSE:SWI) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.24 per share.
Looking ahead, the full year income are expected at $ 0.94 per share on the revenues of $ 1013.73 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.24 ~ $ 0.24 per share, while revenues are expected in a range of $ 254.00 million ~ $ 259.00 million
Full Year 2020 topline are forecasted in a range of$ 1,008.00 million ~ $ 1,018.00 million, where as bottomline are predicted in a range of $ 0.94 ~ $ 0.94 per share
Click Here For More Historical Outlooks Of SolarWinds Corporation
Previous Quarter Performance
SolarWinds Corporation announced income for the second quarter of $ 0.25 per share, from the revenue of $ 246.01 million. The consensus estimates are income of $ 0.20 per share from $ 244.52 million in revenue. The bottom line results beat street analysts by $ 0.05 or 25.00 percent, at the same time, top line results outshined analysts by $ 1.49 million or 0.61 percent.
Stock Performance
Shares of SolarWinds Corporation traded up $ 0.06 or 0.28 percent on Friday, reaching $ 21.71 with volume of 212.20 thousand shares. SolarWinds Corporation has traded high as $ 21.82 and has cracked $ 21.41 on the downward trend
According to the previous trading day, closing price of $ 21.71, representing a 88.26 % increase from the 52 week low of $ 11.50 and a 3 % decrease over the 52 week high of $ 22.32.
The company has a market capital of $ 6.78 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Underweight rating, with $ 17.00 target price.
- On 7th October 2020, initiated by Berenberg Bank at Buy rating, with $ 26.00 target price.
Conference Call
SolarWinds Corporation will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.solarwinds.com
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure. The company provides a suite of network management software that provides real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of system management products, which monitor and analyze the performance of applications and their supporting infrastructure.
