SolarWinds (SWI) designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure management software to IT professionals in various organizations worldwide.
The company offers enterprise-class network management products, including SolarWinds Network Performance Monitor that monitors and analyzes network performance metrics for routers, switches, servers, and other simple network management protocol enabled devices; additional network management products for various network management issues; and SolarWinds Log and Event Manager, a server-based product that automates the collection and interpretation of logs from various sources. It also provides enterprise-class systems and application performance management products, which facilitate system administrators to monitor and manage the performance of physical and virtual servers, applications, and storage devices. In addition, the company offers transactional products comprising individual tools and toolsets, which are desktop-based, laptop-based, or server-based applications.
Further, it provides free tools that are desktop, laptop, server-based, or Internet-based applications. The company primarily serves small-and mid-size businesses; large enterprises; Fortune 500 companies; and local, state, and federal government entities directly, as well as through distributors and resellers.
Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.
52-Week Trading Range: $35.34 - $61.52
Entry Point: $59.50
Stop Loss: $56.52
Target Price: $65.45
The issue fell below our stop loss. The position was closed at $55.