Up strongly premarket following its Q3 beat, SolarWinds (SWI -8.9%) has dramatically reversed...
Thursday, October 25, 2012, 11:56 AM ETUp strongly premarket following its Q3 beat, SolarWinds (SWI -8.9%) has dramatically reversed course. Q4 guidance - revenue of $69.3M-$70.8M and EPS of $0.31-$0.33 vs. a consensus of $70.1M and $0.31 - could be disappointing some investors, given the systems management software firm, which has been taking share, closed yesterday at 35x estimated 2013 EPS. Q3 new license sales rose 39% Y/Y, exceeding revenue growth of 33%, and deferred revenue rose 13% Q/Q to $98.1M. (PR)
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