Needham & Company Reiterates a 'Buy' on SolarWinds (SWI); Raises PT & FY12 Estimates
Tweet
Share
E-mailGet Alerts SWI Hot Sheet
Price: $18.49 --0%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company reiterates a 'Buy' on SolarWinds (NYSE: SWI) price target raised from $36 to $44.
Analyst, Scott Zeller, said, "The DecQ performance for Solarwinds was strong, beating on revenue and EPS, and showed balanced performance – geographies, commercial vs. federal, and revenue mix were all strong for DecQ, y/y. We continue to believe SWI is benefiting from its position as a “high-value for price” choice in systems and infrastructure management, as both large companies and SMB companies are attracted to SWI’s “value for the money” in the current questionable economy. The operating model for SWI continues to look strong, as operating margins for CY11 averaged 52%, despite SWI having performed 4 acquisitions during the last 12 months and investing in localization efforts (Eur, Asia)."
Needham raises FY12 from $1.13 to $1.15, introduces FY13 at $1.41.
For an analyst ratings summary and ratings history on SolarWinds click here. For more ratings news on SolarWinds click here.
Shares of SolarWinds closed at $36.36 yesterday.
Analyst, Scott Zeller, said, "The DecQ performance for Solarwinds was strong, beating on revenue and EPS, and showed balanced performance – geographies, commercial vs. federal, and revenue mix were all strong for DecQ, y/y. We continue to believe SWI is benefiting from its position as a “high-value for price” choice in systems and infrastructure management, as both large companies and SMB companies are attracted to SWI’s “value for the money” in the current questionable economy. The operating model for SWI continues to look strong, as operating margins for CY11 averaged 52%, despite SWI having performed 4 acquisitions during the last 12 months and investing in localization efforts (Eur, Asia)."
Needham raises FY12 from $1.13 to $1.15, introduces FY13 at $1.41.
For an analyst ratings summary and ratings history on SolarWinds click here. For more ratings news on SolarWinds click here.
Shares of SolarWinds closed at $36.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
- GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
