SolarWinds Inc (NYSE:SWI) (TREND ANALYSIS) weakness creates an attractive entry point, says Cowen. Cowen noted the license revenue shortfall in Q2 for SolarWinds, which it called surprising, and as a result believes the weakness in the shares is justified. However, in the past, management has demonstrated its ability to adapt and the firm feels the weakness has created an attractive entry point. Cowen reiterated its Outperform rating and $48 price target on SolarWinds shares. :theflyonthewall.com
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SolarWinds Inc (NYSE:SWI) stock is currently trading 11.96% below its 52-week-high, 23.33% above its 52-week-low. The 1-year stock price history is in the range of $38.15 – $53.44. SolarWinds Inc (SWI) has a price to earnings ratio of 45.68 versus Technology sector average of 19.78. SWI stock price has underperformed the S&P 500 by 8.1%. The Communications Software company is currently valued at $3.59 billion and its share price closed the last trading session at $47.05. The stock has a 50-day moving average of $47.18 and a 200-day moving average of $49.19.
SolarWinds Inc (SWI) current short interest stands at 0.94 million shares. It has increased by 21% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.58 million shares, the number of days required to cover the short positions stand at 1.7 days.
SWI reported last quarter earnings on July 16. The Communications Software company announced earnings per share of $0.39 against a consensus Street estimate of $0.39, matching the average estimate. This corresponds to an increase of $0.09 compared to the same quarter of the previous fiscal year.
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There are currently thirteen analysts that cover SolarWinds Inc stock. Of those thirteen, nine have a Buy rating, four have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $58.5.
A previous analyst activity consisted of Jefferies reiterating their Buy stance on January 30. Jefferies increased their price target on SWI from $60 to $62. This corresponds to a 31.77% upside from the last closing price. On the date of report, the stock closed at $48.15.
SolarWinds, Inc. provides enterprise-class network management software. The Company’s products includes individual software tools, products, and help for network management.