SolarWinds' (SWI -21.8%) Q2 earnings jumped 17%, but shares are sinking on disappointing Q3 and...

|By:, SA News Editor

SolarWinds' (SWI -21.8%) Q2 earnings jumped 17%, but shares are sinking on disappointing Q3 and full-year guidance. Needham downgrades SWI to Hold from Buy, based on a belief SWI has encountered new challenges layered on top of the difficulties which caused the Q1 miss. Core business seems worse, the firm says, with continued license weakness despite big Y/Y gains in transaction volume.