SolarWinds ($SWI) Stock Forecast: Up 5.3% Today

What is SolarWinds?

SolarWinds (NYSE: SWI) is a software company offering IT management and monitoring services globally, with its stock showing strong bullish movement today.

Why is SolarWinds going up?

SWI stock is up 5.3% on Oct 31, 2024 19:53

• SolarWinds surpassed Q3 earnings and revenue expectations, driven by robust subscription gains that outperformed analyst projections.
• The company increased its full-year forecast, showing confidence in future performance and growth opportunities.
• Strong financial results and a positive outlook likely boosted investor confidence, prompting the bullish movement in SWI stock.
• The market's response indicates that investors are optimistic about SolarWinds' financial performance and outlook, supporting the stock's upward trend.

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SWI Technical Analysis

SWI News

SolarWinds Q3 Earnings: Subscription Gains Drive Revenue, Raises Full-Year Forecast - SolarWinds ( NYSE:SWI )

SolarWinds Corp SWI reported a fiscal third-quarter 2024 revenue growth of 6% year-on-year to $200.03 million, beating the analyst consensus estimate of $194.04 million. Adjusted EPS of 27 cents beat the analyst consensus estimate of 25 cents. The stock price gained after the print.

https://www.benzinga.com/news/earnings/24/10/41659269/solarwinds-q3-earnings-subscription-gains-drive-revenue-raises-full-year-forecast

SolarWinds ( SWI ) Q3 Earnings and Revenues Surpass Estimates

SolarWinds (SWI) delivered earnings and revenue surprises of 8% and 3.06%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2361607/solarwinds-swi-q3-earnings-and-revenues-surpass-estimates

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SolarWinds Price History

31.09.2024 - SWI Stock was up 5.3%

• SolarWinds surpassed Q3 earnings and revenue expectations, driven by robust subscription gains that outperformed analyst projections.
• The company increased its full-year forecast, showing confidence in future performance and growth opportunities.
• Strong financial results and a positive outlook likely boosted investor confidence, prompting the bullish movement in SWI stock.
• The market's response indicates that investors are optimistic about SolarWinds' financial performance and outlook, supporting the stock's upward trend.

07.10.2023 - SWI Stock was up 5.0%

• SWI stock experienced a strong bullish movement today.
• The SEC has filed charges against SolarWinds and its Chief Information Security Officer (CISO) for securities fraud and failure to disclose known security risks.
• The allegations suggest that SolarWinds misled investors about its cybersecurity practices and risks, which may have caused concerns among shareholders.
• The market's bullish response could indicate that investors are optimistic about the company's ability to address the allegations and improve its cybersecurity measures.

27.09.2023 - SWI Stock was up 11.0%

• The bullish movement in SWI stock can be attributed to the news of the company exploring options for a potential sale. This indicates a potential increase in value and investor interest in the company.

02.10.2023 - SWI Stock was up 5.5%

• The bullish movement in SWI stock could be attributed to positive market sentiment surrounding the upcoming Q3 earnings announcement, with analysts estimating a solid EPS and revenue performance.
• The SEC charges against SolarWinds and its CISO for fraud over cybersecurity practices may have initially caused some concern, but the market seems to have shrugged off the news, indicating that investors are focusing more on the company's financial performance.
• The response from the cybersecurity industry suggests that while the SEC charges may have broader implications, they are not currently impacting the bullish movement of SWI stock.
• The lawsuit filed against SolarWinds for failing to disclose alleged cybersecurity failures by the SEC may have created some short-term volatility, but it appears that investors are looking beyond this legal issue and focusing on the long-term potential of the software industry.

02.03.2024 - SWI Stock was down 11.8%

• SolarWinds' commemoration of twenty-five years in IT management and innovation possibly raised market expectations, leading investors to take profits.
• Despite its strong track record in innovative solutions, market sentiment might have turned negative due to competition or concerns about future growth.
• The bearish movement in SolarWinds' stock price could be linked to general market trends or industry-specific developments affecting IT management firms.

04.07.2023 - SWI Stock was up 7.5%

• SolarWinds reported a second-quarter FY23 revenue growth of 5% year-on-year, beating the consensus expectations. This positive financial performance likely contributed to the bullish movement.
• The company's non-GAAP EPS of $0.21 also surpassed the consensus estimate, indicating strong profitability.
• The market reacted positively to the earnings surprises, with the stock soaring after the Q2 performance announcement.
• The positive financial results and beating of earnings and revenue estimates suggest that investors have confidence in SolarWinds' ability to generate growth and profitability.

09.01.2024 - SWI Stock was up 6.8%

• The bullish movement in SWI stock today can be attributed to the following factors:
• 1. Strong Q4 2023 earnings: SolarWinds reported a revenue growth of 6% year-on-year, beating the consensus estimate. This positive performance indicates that the company is experiencing growth and meeting investor expectations.
• 2. Earnings surprise: SolarWinds delivered earnings and revenue surprises for the quarter, exceeding expectations by 14.29% and 3.99% respectively. This positive surprise suggests that the company's financials are stronger than anticipated, boosting investor confidence.
• 3. Growth in revenue and adjusted EBITDA: SolarWinds reported growth in both revenue and adjusted EBITDA for Q4 and the full year 2023. This indicates that the company is successfully generating more revenue and improving its profitability.
• 4. Positive market sentiment: The overall positive market sentiment for technology stocks today may have also contributed to the bullish movement in SWI stock. As investors show increased interest in the technology sector, stocks like SolarWinds may benefit from the overall market trend.

08.01.2024 - SWI Stock was up 5.8%

• The bullish movement in SWI stock today can be attributed to the positive earnings report and revenue growth announced by SolarWinds Corporation. The key factors contributing to this market movement are:
• 1. Strong Financial Performance: SolarWinds reported a fourth-quarter FY23 revenue growth of 6% year-on-year, beating the consensus estimate. The company also exceeded expectations with adjusted EPS of $0.24. This positive financial performance indicates a healthy and growing business.
• 2. Recurring Revenue Growth: SolarWinds achieved 92% of total revenue from recurring sources, demonstrating the stability and reliability of their business model. The significant growth in subscription Annual Recurring Revenue (ARR) by 34% year-over-year highlights the increasing demand for their software solutions.
• 3. Business Highlights: SolarWinds announced various business achievements, including product enhancements, industry awards, and refinancing of its first lien term loans. These positive developments showcase the company's commitment to innovation, recognition in the industry, and financial stability.
• Overall, the bullish movement in SWI stock can be attributed to SolarWinds' strong financial performance, recurring revenue growth, and positive business highlights. Investors are likely responding positively to the company's ability to exceed expectations and demonstrate consistent growth in a competitive market.

03.10.2023 - SWI Stock was up 8.5%

• The bullish movement in SWI stock today can be attributed to a combination of positive factors:
• 1. Strong Q3 Results: SolarWinds reported a revenue growth of 6% year-on-year, beating consensus estimates. The company's adjusted EPS also exceeded expectations, indicating solid financial performance.
• 2. Optimistic Full-Year Forecasts: The positive Q3 results, coupled with optimistic full-year forecasts, likely contributed to investor confidence and drove the bullish movement in the stock.
• 3. Cybersecurity Lawsuit: Despite facing a cybersecurity disclosure lawsuit from the SEC, the market seems to have reacted positively to the news. This could be due to investors viewing the lawsuit as a step towards increased transparency and accountability, which may ultimately benefit the company in the long run.
• 4. Industry Focus on Cybersecurity: The broader market context, including recent high-profile cybersecurity incidents involving companies like Microsoft, has likely increased investor interest in cybersecurity-related stocks. SolarWinds, as a provider of IT management software and security solutions, may be seen as well-positioned to benefit from this trend.
• Overall, the combination of strong financial performance, positive forecasts, and the market's focus on cybersecurity likely contributed to the bullish movement in SWI stock today.

03.07.2023 - SWI Stock was up 6.6%

• The bullish movement in SWI stock today can be attributed to the following factors:
• 1. Strong Q2 Earnings: SolarWinds reported better-than-expected Q2 earnings, with Non-GAAP EPS of $0.21 beating estimates by $0.04. Additionally, the company's revenue of $185.03M exceeded expectations by $5.91M. This positive financial performance likely contributed to the bullish market movement.
• 2. Positive Q3 Outlook: SolarWinds provided a positive outlook for Q3, with total revenue projected to be in the range of $182 to $186 million. This optimistic forecast may have boosted investor confidence and fueled the bullish sentiment.
• 3. Absence of Negative News: There were no significant negative news articles directly impacting SolarWinds. This absence of negative sentiment may have allowed the positive earnings and outlook to drive the stock's bullish movement.
• 4. External Factors: While not directly related to SolarWinds, the news about Microsoft being responsible for China's U.S. government email hack could have indirectly influenced market sentiment. As SolarWinds is a competitor in the IT infrastructure management software space, any negative news surrounding a competitor could potentially benefit SolarWinds and contribute to the bullish market movement.

01.07.2024 - SWI Stock was down 3.8%

• SolarWinds reported positive financial results for the second quarter, with revenue up 4% year-over-year and strong recurring revenue.
• Despite the positive financial report, the dismissal of a majority of the SEC lawsuit against SolarWinds may have caused uncertainty and negative sentiment among investors.
• The company's amendment of its credit agreement and extension of loan maturities could also be perceived as a financial risk factor, contributing to the bearish market movement.
• Overall, the combination of legal uncertainties and financial adjustments may have led to the significant bearish movement in SolarWinds' stock today.

07.07.2024 - SWI Stock was up 14.4%

• SolarWinds stock experienced a surge as it exceeded analyst expectations for revenue and earnings in the second quarter, demonstrating solid financial performance.
• The inclusion of SolarWinds in the S&P SmallCap 600 index likely had a positive impact on investor confidence and attracted more interest in the stock.
• The reduction of the SEC's lawsuit against SolarWinds related to cybersecurity disclosures may have alleviated investor concerns, contributing to a favorable market sentiment.
• Although the stock initially dropped after the announcement, suggesting some profit-taking by traders, it later rebounded on the overall positive developments.