In a report released today, Erik Suppiger from JMP Securities maintained a Buy rating on SolarWinds (SWI – Research Report), with a price target of $26.00. The company’s shares closed last Friday at $13.09.
According to TipRanks, Suppiger is a 5-star analyst with an average return of 19.8% and a 59.18% success rate. Suppiger covers the Technology sector, focusing on stocks such as Nutanix, Dynatrace, and Aviat Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for SolarWinds with a $15.50 average price target.
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Based on SolarWinds’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $189.59 million and a GAAP net loss of $3.17 million. In comparison, last year the company earned a revenue of $179.4 million and had a GAAP net loss of $292.22 million
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SolarWinds (SWI) Company Description:
SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.
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