SolarWinds downgraded by RBC Capital with a new price target
$SWI
Computer Software: Prepackaged Software
Technology
RBC Capital downgraded SolarWinds from Outperform to Sector Perform and set a new price target of $19.00 from $28.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2025 | Outperform → Neutral | Wedbush | |
| 12/19/2024 | $20.00 | Outperform | Wedbush |
| 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 |
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
Digital transformation is a work in progress for most organizations, with privacy, security concerns, and the complexity of integrating new systems remaining key barriers SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announced its Next-Gen Government IT: AI and Observability Insights Report, identifying the challenges faced by IT professionals and the sources of IT security threats. SolarWinds partnered with Market Connections, the leading government market research firm, to conduct an online survey in December 2024, targeting 200 U.S. IT decision-makers and influencers from Federal, State, Local, and Education sectors. The report a
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, 2024. Fourth Quarter 2024 Financial Highlights Total revenue for the fourth quarter of $210.3 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue. Net income for the fourth quarter of $72.7 million. Adjusted EBITDA for the fourth quarter of $104.1 million, representing a margin of 49% of total revenue and 20% year-over-year growth. Full Year 2024 Financial Highlights Total revenue for the full year of $796.9 million,
SolarWinds shareholders to receive $18.50 per share in cash, with a total enterprise value of $4.4 billion; SolarWinds to become a privately held company upon completion of the transaction SolarWinds Corporation (NYSE:SWI) ("SolarWinds" or the "Company"), a leading provider of simple, powerful, secure observability and IT management software, today announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for the 90 trading days ended on February 6,
Wedbush downgraded SolarWinds from Outperform to Neutral
Wedbush initiated coverage of SolarWinds with a rating of Outperform and set a new price target of $20.00
Scotiabank initiated coverage of SolarWinds with a rating of Sector Perform
4 - SolarWinds Corp (0001739942) (Issuer)
4 - SolarWinds Corp (0001739942) (Issuer)
4 - SolarWinds Corp (0001739942) (Issuer)
10-K - SolarWinds Corp (0001739942) (Filer)
8-K - SolarWinds Corp (0001739942) (Filer)
8-K - SolarWinds Corp (0001739942) (Filer)
SC 13G/A - SolarWinds Corp (0001739942) (Subject)
SC 13G/A - SolarWinds Corp (0001739942) (Subject)
SC 13G/A - SolarWinds Corp (0001739942) (Subject)
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, 2024. Fourth Quarter 2024 Financial Highlights Total revenue for the fourth quarter of $210.3 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue. Net income for the fourth quarter of $72.7 million. Adjusted EBITDA for the fourth quarter of $104.1 million, representing a margin of 49% of total revenue and 20% year-over-year growth. Full Year 2024 Financial Highlights Total revenue for the full year of $796.9 million,
SolarWinds shareholders to receive $18.50 per share in cash, with a total enterprise value of $4.4 billion; SolarWinds to become a privately held company upon completion of the transaction SolarWinds Corporation (NYSE:SWI) ("SolarWinds" or the "Company"), a leading provider of simple, powerful, secure observability and IT management software, today announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for the 90 trading days ended on February 6,
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 fourth quarter and full year 2024 on Tuesday, February 11, 2025. FOURTH QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the fourth quarter and full year 2024 at 7:30 a.m. CT (8:30 a.m. ET/5:30 a.m. PT) on Tuesday, February 11, 2025. 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)