JMP Securities analyst Erik Suppiger reiterated a Buy rating on SolarWinds Corporation (SWI) on February 8 and set a price target of $19. The company’s shares closed on Friday at $18.05, close to its 52-week high of $19.04.
According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 18.1% and a 63.3% success rate. Suppiger covers the Technology sector, focusing on stocks such as Carbonite Inc, Box Inc, and Qualys.
Currently, the analyst consensus on SolarWinds Corporation is a Strong Buy with an average price target of $19.33.
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Based on SolarWinds Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $668 million. In comparison, last year the company had a GAAP net loss of $39.76 million.
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SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.
