SolarWinds launches $200M buyback after post-earnings selloff

• With its shares having tumbled to new 52-week lows in response to the company's Q2 sales miss and soft top-line guidance (posted on July 16), SolarWinds (NYSE:SWI +1.4%) is launching a $200M buyback.
• The buyback is good for repurchasing 7% of shares at current levels. The systems/app management software firm had $246M in cash/short-term investments at the end of Q2, and no debt.