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SolarWinds Corporation (SWI) 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.
It also offers cloud-based monitoring of the full IT stack whether deployed in the cloud or on-premise; and AppOptics, which integrates application performance, server infrastructure monitoring, and custom metrics into one unified cloud-based solution. Its cloud management products enable visibility into log data, cloud infrastructure metrics, applications, tracing, and Web performance management.
In addition, the company provides IT service management solutions to enable managed service providers (MSPs) to deliver outsourced IT services and manage their own businesses. Its remote monitoring and management software, which monitors desktops, laptops, servers, and mobile devices across operating systems and platforms.
Further, it offers an email protection and archiving platform on a standalone basis that protects businesses from phishing, malware, and other email-borne threats. The company markets and sells its products directly to network and systems engineers, database administrators, storage administrators, DevOps professionals, and managed service providers.
On August 1st, Solarwinds (SWI) reported 2nd Quarter June 2019 earnings of $0.18 per share on revenue of $228.7 million. The consensus earnings estimate was $0.17 per share on revenue of $226.5 million.
The company said it expects third quarter earnings of $0.19 to $0.20 per share on revenue of $241.5 million to $246.0 million. The current consensus earnings estimate is $0.21 per share on revenue of $243.1 million for the quarter ending September 30, 2019. The company said it expects 2019 earnings of $0.81 to $0.82 per share on revenue of $938.0 million to $950.0 million. The company's previous guidance was earnings of $0.80 to $0.82 per share on revenue of $934.0 million to $949.0 million and the current consensus earnings estimate is $0.81 per share on revenue of $940.9 million for the year ending December 31, 2019. Following the report, shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $18.75
Stop Loss: $17.75
Trading Range: $12.25 to $21.22
Target Price: $20.62
SWI closed at $19.60
