Jefferies Lifts Numbers on SolarWinds (SWI) after Analyst Day
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Price: $18.49 --0%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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Jefferies raised its price target on Buy-rated SolarWinds (NYSE: SWI) from $58 to $60 following the company's analyst day.
"SWI management spoke to the open runway for growth that spans cross-sale, up-sale, international and new product opportunities," the analyst notes. "The company believes there is clear room for scale and will grow within the confines of its current disciplined operational model. Confidence is supported by the financial outlook where initial 2013 growth targets came in above Street estimates with a plan that includes an uptick in the operating margin profile.
The firm raised Q412 EPS from $0.32 to $0.33 and FY13 from $1.48 to $1.56.
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 $52.60 yesterday.
"SWI management spoke to the open runway for growth that spans cross-sale, up-sale, international and new product opportunities," the analyst notes. "The company believes there is clear room for scale and will grow within the confines of its current disciplined operational model. Confidence is supported by the financial outlook where initial 2013 growth targets came in above Street estimates with a plan that includes an uptick in the operating margin profile.
The firm raised Q412 EPS from $0.32 to $0.33 and FY13 from $1.48 to $1.56.
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 $52.60 yesterday.
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