FBR Capital Maintains an 'Outperform' on SolarWinds (SWI); Delivers Solid March Results
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Price: $11.09 -1.77%
Rating Summary:
9 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
9 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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FBR Capital maintains an 'Outperform' on SolarWinds (NYSE: SWI), PT increased by $1 to $26.
FBR analyst says, "Last night, SolarWinds delivered stronger-than-expected March results, as the top line, bottom line, and cash flow performance all exceeded our/Street expectations for the quarter. We were particularly impressed by the company’s balanced strength across federal, commercial, and international fronts, as the combination of strong product and secular tailwinds are creating healthy selling conditions for SolarWinds in the field. While the federal business will continue to be lumpy on a quarterly basis as evidenced by the company’s somewhat conservative June federal outlook, it appears management is well on track to successfully execute on its go-to-market strategy for 2011 through both new and acquisitive (Hyper9) means—positive dynamics that we believe should increase investors’ confidence levels around the name."
"For F2Q11 (June), we are slightly lowering our total revenue estimate from $45.1 million to $44.2 million while maintaining our pro forma EPS estimate of $0.20. For FY11, we are maintaining our total revenue estimate of $188.2 million while raising our pro forma EPS estimate to $0.87 versus our prior estimate of $0.85. For FY12, we are maintaining our total revenue and pro forma EPS estimates of $225.8 million and $1.03."
For more ratings news on SolarWinds click here and for the rating history of SolarWinds click here.
Shares of SolarWinds closed at $23.66 yesterday.
FBR analyst says, "Last night, SolarWinds delivered stronger-than-expected March results, as the top line, bottom line, and cash flow performance all exceeded our/Street expectations for the quarter. We were particularly impressed by the company’s balanced strength across federal, commercial, and international fronts, as the combination of strong product and secular tailwinds are creating healthy selling conditions for SolarWinds in the field. While the federal business will continue to be lumpy on a quarterly basis as evidenced by the company’s somewhat conservative June federal outlook, it appears management is well on track to successfully execute on its go-to-market strategy for 2011 through both new and acquisitive (Hyper9) means—positive dynamics that we believe should increase investors’ confidence levels around the name."
"For F2Q11 (June), we are slightly lowering our total revenue estimate from $45.1 million to $44.2 million while maintaining our pro forma EPS estimate of $0.20. For FY11, we are maintaining our total revenue estimate of $188.2 million while raising our pro forma EPS estimate to $0.87 versus our prior estimate of $0.85. For FY12, we are maintaining our total revenue and pro forma EPS estimates of $225.8 million and $1.03."
For more ratings news on SolarWinds click here and for the rating history of SolarWinds click here.
Shares of SolarWinds closed at $23.66 yesterday.
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