SolarWinds Corporation 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, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure. It 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 infrastructure management products, which monitor and analyze the performance of applications and their supporting infrastructure. It also offers suite of application performance management software that enable visibility into log data, cloud infrastructure metrics, applications, tracing, and web performance management; and service management software. In addition, the company provides cloud-based software solutions to enable managed service providers (MSPs) to support digital transformation and growth in small and medium-sized enterprises; and service management software that provides ITIL-compliant service desk solutions for various companies. Further, it offers remote monitoring and management solutions for the performance of networks and devices, and automation of policies and workflows; security and data protection products for network and systems infrastructure, applications, and end user devices; and business management solutions for professional services automation, and password and documentation management. The company markets and sells its products directly to network and systems engineers, database administrators, storage administrators, DevOps professionals, and managed service providers. The company was formerly known as SolarWinds Parent, Inc. and changed its name to SolarWinds Corporation in May 2018. The company was founded in 1999 and is headquartered in Austin, Texas.
IPO Year: 2018
Exchange: NYSE
Website: solarwinds.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | Sector Perform | Scotiabank | |
| 3/6/2024 | $13.00 | Hold | Truist |
| 2/1/2024 | $14.00 | Neutral | JP Morgan |
| 2/22/2022 | $18.00 → $15.00 | Hold | Truist Securities |
| 12/14/2021 | $23.00 → $16.00 | Overweight → Neutral | JP Morgan |
| 10/29/2021 | $28.00 → $19.00 | Outperform → Sector Perform | RBC Capital |
| 8/4/2021 | $40.00 → $22.00 | Equal-Weight | Morgan Stanley |
| 8/4/2021 | $24.00 | Buy → Hold | Berenberg |
| 8/2/2021 | $20.00 → $40.00 | Equal-Weight | Morgan Stanley |
| 6/24/2021 | $19.00 → $20.00 | Equal-Weight | Morgan Stanley |
Findings from the SolarWinds 2024 State of ITSM Report showcase several more effective methods for up-leveling ITSM SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today released its 2024 State of ITSM Report, which provides practical, actionable guidance rooted in real-world Information Technology Service Management (ITSM) strategies. This report analyzed over 2,000 ITSM data systems and 60,000 points of anonymized and aggregated SolarWinds customer data. Overall, the data asserts that organizations cannot streamline their ITSM operations by simply adding more staff members. Instead, based on SolarWinds' findings, improvin
New President and CFO join to drive transformation and propel success Skyhigh Security, a worldwide leader in data-focused cloud, on-premises and hybrid security solutions, today announced the appointments of Sanjay Castelino as President and James Denena as Chief Financial Officer. The addition of these two industry veterans to Skyhigh Security's Executive Leadership Team further powers its momentum toward becoming the world's most trusted data security company and positions the organization for long-term growth. These strategic appointments underscore Skyhigh Security's commitment to rapid growth, product innovation, and a unified vision for protecting data and data access at every leve
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights Total revenue for the third quarter of $200.0 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue. Net income for the third quarter of $12.6 million. Adjusted EBITDA for the third quarter of $96.0 million, representing a margin of 48% of total revenue and 13% year-over-year growth. Subscription Annual Recurring Revenue (ARR) of $289.5 million, representing year-over-year growth of 36%, and Total ARR
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the third quarter of 2024 on Thursday, October 31, 2024. THIRD QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the third quarter of 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, October 31, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domestically at +1 (888) 510-2008 and internationally at +1 (646) 960-0306. To access the live
The next generation of SolarWinds Observability delivers innovative and comprehensive full-stack visibility across all IT environments—on-premises, cloud, or hybrid—with flexible self-hosted and SaaS deployment options SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the launch of the next generation of SolarWinds® Observability, now available in self-hosted or SaaS options. Building on its over 25 years of leadership in network and infrastructure monitoring, the company has expanded its network, infrastructure, and cloud observability capabilities, offering customers exceptional value and uncompromising flexib
RESTON, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that it has received the Public Sector Excellence in Marketing Award from SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software. The award was announced at SolarWinds' Transform Partner Summit, and recognized Carahsoft for its success in driving demand for SolarWinds' solutions. Award recipients were evaluated based on their accomplishments over the past 12 months, including effectiveness of marketing campaigns, go-to market strategies, technology alignment and several other factors. "Carahsoft's
Former CRO at Veracode, Rapid7, and Cherwell Software to Accelerate Revenue Generation of World-Class Observability, Database, and Service Management Solutions Provider SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, has named Andre Cuenin as the company's new Chief Revenue Officer (CRO) effective Tuesday, September 3, 2024. In this role, Cuenin will oversee all aspects of revenue generation efforts for SolarWinds and its world-class observability, database, and service management solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826371525/en/Andre Cuen
SolarWinds Observability and Hybrid Cloud Observability recognized for providing full-stack visibility across on-premises and multi-cloud environments SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, announces it was recognized as a Leader in the 2024 GigaOm® Radar Reports for Network and Cloud Observability. SolarWinds® Observability and SolarWinds Hybrid Cloud Observability, which offer full-stack visibility across on-premises and multi-cloud environments, were each recognized for comprehensive monitoring capabilities, flexible deployment options, scalability, and more. SolarWinds was recognized as a Leader and Outperforme
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- SolarWinds Corp. (NYSE:SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 9. SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&P SmallCap 600. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector August 9, 2024 S&P SmallCap 600 Addition SolarWinds SWI Information Technology August 9, 2024 S&P SmallCap 600 Deletion SunPower SPWR Industrials For more information about S&P Dow Jones Indices, pleas
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the second quarter of 2024 on Thursday, August 1, 2024. The company also plans to present at an investor conference during the third quarter. SECOND QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the second quarter of 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, August 1, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domest
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- Reuters
https://www.bleepingcomputer.com/news/security/solarwinds-serv-u-path-traversal-flaw-actively-exploited-in-attacks/
Black will succeed J. Barton Kalsu, who tendered his resignation on June 6, 2024, in order to explore other professional opportunities. Kalsu will remain as the Company's Chief Financial Officer through August 15, 2024
4 analysts have expressed a variety of opinions on SolarWinds (NYSE:SWI) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 3 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $14.0, a high estimate of $15.00, and a low estimate of $13.00. This upward trend is apparent, with the current
Baird analyst Rob Oliver maintains SolarWinds (NYSE:SWI) with a Neutral and raises the price target from $14 to $15.
SolarWinds Corp (NYSE:SWI) reported a fiscal first-quarter 2024 revenue growth of 4% year-on-year to $193.31 million, beating the analyst consensus of $190.84 million. Adjusted EPS of $0.29 beat the analyst consensus of $0.22. Maintenance revenue declined 2.4% Y/Y at $111.72 million. Subscription revenue climbed 26.5% Y/Y to $68.76 million, while License revenue declined 25.1% to $12.83 million. Also Read: AI Is Going Well For Microsoft, But Cybersecurity Is Not The adjusted gross margin increased by 30 bps to 90.9%, and the adjusted EBITDA margin increased by 600 bps to 47.6%. SolarWinds held $312.8 million in cash and equivalents as of March 31, 2024. Outlook: SolarWinds
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Scotiabank initiated coverage of SolarWinds with a rating of Sector Perform
Truist resumed coverage of SolarWinds with a rating of Hold and set a new price target of $13.00
JP Morgan initiated coverage of SolarWinds with a rating of Neutral and set a new price target of $14.00
Truist Securities reiterated coverage of SolarWinds with a rating of Hold and set a new price target of $15.00 from $18.00 previously
JP Morgan downgraded SolarWinds from Overweight to Neutral and set a new price target of $16.00 from $23.00 previously
RBC Capital downgraded SolarWinds from Outperform to Sector Perform and set a new price target of $19.00 from $28.00 previously
Morgan Stanley reiterated coverage of SolarWinds with a rating of Equal-Weight and set a new price target of $22.00 from $40.00 previously
Berenberg downgraded SolarWinds from Buy to Hold and set a new price target of $24.00
Morgan Stanley reiterated coverage of SolarWinds with a rating of Equal-Weight and set a new price target of $40.00 from $20.00 previously
Morgan Stanley reiterated coverage of SolarWinds with a rating of Equal-Weight and set a new price target of $20.00 from $19.00 previously
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights Total revenue for the third quarter of $200.0 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue. Net income for the third quarter of $12.6 million. Adjusted EBITDA for the third quarter of $96.0 million, representing a margin of 48% of total revenue and 13% year-over-year growth. Subscription Annual Recurring Revenue (ARR) of $289.5 million, representing year-over-year growth of 36%, and Total ARR
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the third quarter of 2024 on Thursday, October 31, 2024. THIRD QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the third quarter of 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, October 31, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domestically at +1 (888) 510-2008 and internationally at +1 (646) 960-0306. To access the live
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the second quarter of 2024 on Thursday, August 1, 2024. The company also plans to present at an investor conference during the third quarter. SECOND QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the second quarter of 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, August 1, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domest
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the first quarter of 2024 on Thursday, May 2, 2024. FIRST QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the first quarter of 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, May 2, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domestically at +1 (888) 510-2008 and internationally at +1 (646) 960-0306. To access the live call,
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenue for the fourth quarter of $198.1 million, representing 6% year-over-year growth, and total recurring revenue representing 92% of total revenue. Net loss for the fourth quarter of $0.6 million. Adjusted EBITDA for the fourth quarter of $87.0 million, representing a margin of 44% of total revenue and 17% year-over-year growth. Full Year 2023 Financial Highlights Total revenue for the full year of $758.7 million, repr
SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the fourth quarter and full year 2023 on Thursday, February 8, 2024. The company also plans to present at two investor conferences during the first quarter. FOURTH QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the fourth quarter and full year 2023 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, February 8, 2024. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be
NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Provides Evidence That Each of MSCI's Four Business Segments is Under Pressure, Resulting in Client Retention Challenges Expresses Concern That MSCI Uses Aggressive Accounting and Financial Reporting to Place Greater Emphasis on Adjusted EPS While Cash Flow Stagnates and the Dividend Growth Rate Plunges Believes MSCI's $949 Million Acquisition of Real Capital Analytics Should be Evaluated for Impairment After Client Losses and Rising Competition Observes That MSCI Exhibits a Pattern of Opaque Deal-Making with People and Entities Related to Morgan Stanley and Questions if They are in the
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its third quarter ended September 30, 2023. Third Quarter Financial Highlights Total revenue for the third quarter of $189.6 million, representing 6% year-over-year growth, and total recurring revenue representing 92% of total revenue. Net loss for the third quarter of $3.2 million. Adjusted EBITDA for the third quarter of $85.1 million, representing a margin of 45% of total revenue and 21% year-over-year growth. Please see the tables below for a reconciliation of our GAAP to non-GAAP results. "We again delivered total revenue
SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the third quarter of 2023 on Thursday, November 2, 2023. The company also plans to present at an investor conference during the fourth quarter. THIRD QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the third quarter of 2023 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, November 2, 2023. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domestically at
SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the second quarter of 2023 on Thursday, August 3, 2023. SECOND QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the second quarter of 2023 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Thursday, August 3, 2023. A live webcast of the call will be available on the SolarWinds Investor Relations website at http://investors.solarwinds.com. A live dial-in will be available domestically at 1 (888) 510-2008 and internationally at +1 (646) 960-0306. To access the live call, please
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NEW YORK, Aug. 6, 2024 /PRNewswire/ -- SolarWinds Corp. (NYSE:SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 9. SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&P SmallCap 600. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector August 9, 2024 S&P SmallCap 600 Addition SolarWinds SWI Information Technology August 9, 2024 S&P SmallCap 600 Deletion SunPower SPWR Industrials For more information about S&P Dow Jones Indices, pleas
Black brings over 25 years of strategic finance expertise in IT platform transformation and expansion, operational scaling, and growth acceleration SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the appointment of Lewis Black as its Executive Vice President, Chief Financial Officer, and Treasurer to be effective in August 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610442125/en/Lewis Black, Chief Financial Officer, SolarWinds (Photo: Business Wire) Black brings over 25 years of experience in the information technology space, having ser
New vice president, worldwide Partner sales marks continued commitment and investment in customers and Partner growth SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, announced the appointment of Jeff McCullough, Vice President, Worldwide Partner sales. In this newly formed role, McCullough will lead the global channel business, partner development, and strategic partnerships. His team will focus on building a Partner program strategy supporting global go-to-market teams, while accelerating the company's routes to market across existing and new partnerships, including cloud service Partners, global system integrators, distributors, and resel
SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announced the appointment of Cathleen Benko, former Vice Chairman and Managing Principal of Deloitte LLP, to its Board of Directors, effective November 18, 2021. Benko's appointment increases the size of the Board to thirteen members, with an additional newly created vacancy, and she will serve on the Board's compensation committee. "SolarWinds has been committed to helping customers accelerate business transformation through simple, powerful, and secure solutions for today's multi-cloud environments," said Sudhakar Ramakrishna, president and CEO, SolarWinds. "Cathy's deep di
Company appoints new country manager, marks investment and commitment to valued customers and channel Partners SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, announced the official opening of its strategic South Korean entity in Seoul, Korea, and the appointment of Ken Parker as country manager of SolarWinds in South Korea. With Parker's appointment, the newly expanded leadership team will support the company in its efforts to strengthen the brand and further solidify its position as a market leader for IT operations management (ITOM) software. Reporting to Joe Signorelli, director of Japan and Korea sales at SolarWinds, Parker will focu
SailPoint Technologies Holdings, Inc. (NYSE:SAIL), the leader in enterprise identity security, today announced the appointment of Sudhakar Ramakrishna to the SailPoint Board of Directors, effective on June 14, 2021. The Board determined that Mr. Ramakrishna is independent, a term defined under the listing standards of the New York Stock Exchange. "We are very pleased to have Sudhakar Ramakrishna joining SailPoint's Board of Directors," said SailPoint CEO and Founder Mark McClain. "As a global technology leader with over two decades of experience in cloud, security, and collaboration markets, Sudhakar will bring deep technology and business expertise which will serve SailPoint well. With th
Company adds new Chief Product Officer, names Chief Information Security Officer and Chief Customer Officer SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced it has extended its executive team with three new appointments: Rohini Kasturi, EVP, Chief Product Officer; Tim Brown, Chief Information Security Officer (CISO); and Andrea Webb, SVP, Chief Customer Officer. The newly appointed executive roles reinforce the company's commitment to customer experience and success, security, and product innovations to support an increasingly hybrid IT world. This press release features multimedia. View the full release here: https://www.business
Global product technology leader joins N-able, bringing over 20 years of expertise across security and cloud N-able (formerly SolarWinds MSP), the purpose-built technology partner for managed services providers (MSPs), today announced it has named Mike Adler to serve as its new chief technology and product officer. Adler, who has previously held executive leadership positions at RSA, Constant Contact, and Symantec, will be responsible for leading the N-able global technology and product organizations. "We are delighted to have Mike join the team as N-able chief technology and product officer as we continue exploring our new chapter—he's well known in the industry for his strong technical
DURHAM, N.C.--(BUSINESS WIRE)--SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced the appointment of Kevin Bury as chief customer officer for the SolarWinds MSP division. As the organization embarks on its next wave of expansion, Bury will strengthen the existing investment in partner success for MSPs worldwide. Bury brings decades of experience and a passion for building and leading teams to help partners realize their maximum potential by solving their most pressing challenges. In this role, he leads diverse award-winning global customer success and support teams, empowering them in all partner enablement areas. Building
AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds Corporation (NYSE:SWI), a leading provider of powerful and affordable IT management software, and its Board of Directors have named Sudhakar Ramakrishna as the company’s new President and Chief Executive Officer and a member of the Board of Directors, each to become effective on January 4, 2021. “Following an extensive and thorough search, we are delighted to welcome Sudhakar Ramakrishna as SolarWinds’ new CEO as we embark on an exciting new chapter in the company’s history,” said Bill Bock, Chairman of the Board of SolarWinds. “Sudhakar is a proven leader and has significant experience leading and scaling world-class, global technology or