Truist Financial analyst Miller Jump reiterated a Hold rating on SolarWinds (SWI – Research Report) today. The company’s shares closed yesterday at $11.58.
Jump covers the Technology sector, focusing on stocks such as MongoDB, SolarWinds, and JFrog. According to TipRanks, Jump has an average return of 24.2% and a 57.89% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for SolarWinds with a $16.30 average price target, which is a 40.76% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $15.00 price target.
Based on SolarWinds’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $198.14 million and a GAAP net loss of $576 thousand. In comparison, last year the company earned a revenue of $187.07 million and had a GAAP net loss of $10.41 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.
