Needham & Company Reiterates a 'Buy' on SolarWinds (SWI); Raising PT & Estimates on Strong March Qtr
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Price: $11.17 +1.73%
Rating Summary:
9 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
9 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Needham & Company reiterates a 'Buy' on SolarWinds (NYSE: SWI) price target raised from $44 to $55.
Analyst, Scott Zeller, said, "The Solarwinds MarQ was a stronger than anticipated performance, with roughly $3m in revenue overage – large for a SWI quarter. Our attention focused on the operating margin for MarQ, at 53%, vs. previous guidance of 49% for the quarter. Our thesis since upgrading shares last fall has centered on operating margin expansion, and the corresponding EPS growth from such margin expansion. Aside from the strong revenue and operating margin performance, the SWI quarter was balanced across geographies and product lines."
FY12 EPS estimate raised from $1.15 to $1.21 and FY13 from $1.41 to $1.50.
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 $45.38 yesterday.
Analyst, Scott Zeller, said, "The Solarwinds MarQ was a stronger than anticipated performance, with roughly $3m in revenue overage – large for a SWI quarter. Our attention focused on the operating margin for MarQ, at 53%, vs. previous guidance of 49% for the quarter. Our thesis since upgrading shares last fall has centered on operating margin expansion, and the corresponding EPS growth from such margin expansion. Aside from the strong revenue and operating margin performance, the SWI quarter was balanced across geographies and product lines."
FY12 EPS estimate raised from $1.15 to $1.21 and FY13 from $1.41 to $1.50.
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 $45.38 yesterday.
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