Eye-Catching Hot Stock: SolarWinds Corporation (NYSE: SWI)

Frank Caffrey

I am Frank Caffrey and I focus on breaking news stories and ensuring we (“Up 24 News”) offer timely reporting on some of the most recent stories released through market wires about “Technology” sector.

I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Up 24 News specializing in quicker moving active shares with a short term view on investment opportunities and trends.

Address: 3537 Tyler Avenue, Miami Springs, FL 33166, USA
Phone: (+1) 305-315-5649
Email: frank.caffrey@up24news.com
Frank Caffrey

AUSTIN, Texas, July 13, 2019 – Shares of SolarWinds Corporation (NYSE: SWI) showed the bearish trend with a lower momentum of -0.79% to $18.91. The company traded total volume of 424.232K shares as contrast to its average volume of 866.85K shares. The company has a market value of $5.84B and about 308.77M shares outstanding.

SolarWinds Corp. (SWI) reported first-quarter net income of $3.10M. On a per-share basis, the Austin, Texas-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, came to 20 cents per share. The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The provider of information-technology management software posted revenue of $215.80M in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $216.50M. For the current quarter ending in July, SolarWinds anticipates its per-share earnings to range from 18 cents to 19 cents. The company anticipates full-year earnings in the range of 80 cents to 82 cents per share.

The Company offered net profit margin of -4.60% while its gross profit margin was 70.90%. ROE was recorded as -1.60%. The stock, as of recent close, has shown the weekly upbeat performance of 1.23% which was maintained at 36.73% in this year.

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Frank Caffrey

I am Frank Caffrey and I focus on breaking news stories and ensuring we (“Up 24 News”) offer timely reporting on some of the most recent stories released through market wires about “Technology” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Up 24 News specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 3537 Tyler Avenue, Miami Springs, FL 33166, USA Phone: (+1) 305-315-5649 Email: frank.caffrey@up24news.com

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