UPDATE: Jefferies Starts SolarWinds (SWI) at Buy
Get Alerts SWI Hot Sheet
Rating Summary:
9 Buy, 19 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Jefferies initiated coverage on SolarWinds (NYSE: SWI) with a Buy rating and a price target of $60.00.
Analyst John DiFucci commented, "We believe that SolarWinds’ unique disruptive model is the most important characteristic of the company, but that strong underlying technology has also always been a key factor, and its growth is underappreciated. We believe SWI’s web-based marketing, low cost/low touch sales model, low average transaction sizes, hyper-efficient and effective R&D process, and highly profitable and outsized maintenance revenue pose a disruptive presence in the markets it serves and will continue to drive meaningful growth with sustained high operating margins."
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 $50.25 yesterday.
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