SolarWinds (SWI) Well Positioned for Growth, Jefferies Raises PT

February 5, 2013 1:16 PM EST
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Price: $59.98 --0%

Rating Summary:
    6 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Following the company's Q4 earnings report last night, Jefferies today maintained a Buy rating on SolarWinds (NYSE: SWI) and raised its price target to $64.00 (from $60.00).

Commenting on the news, analyst Aaron Schwartz said, "SWI reported 4Q upside where international and cross-sales initiatives provided a benefit to growth in addition to a reacceleration in network management license revenue growth."

Management noted increased demand and acceleration in core product growth, and Schwartz thinks the company is positioned to revise growth targets higher later this year.

For an analyst ratings summary and ratings history on SolarWinds (NYSE: SWI) click here. For more ratings news on SolarWinds click here.

Shares of SolarWinds closed at $55.91 yesterday.

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