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SolarWinds, Inc. (SWI)

- NYSE
  • Tue, Apr. 7, 7:13 PM
    • In a sign of the times, SolarWinds (NYSE:SWI) has made its Database Performance Analyzer (DPA) app, which monitors/optimizes the performance of Oracle, Microsoft, SAP, and IBM databases, available on companies using Amazon Web Services (NASDAQ:AMZN), by far the world's biggest public cloud infrastructure (IaaS) platform.
    • AWS support is one of the features provided in a DPA update that also includes the ability to simultaneously monitor hundreds of database instances (whether on-premise or in the cloud), and the ability to annotate configuration changes and link them to performance changes.
    • The AWS version of DPA (monitors databases running on the platform) is available through a machine image offered on the AWS Marketplace; SolarWinds claims it can be deployed in minutes. Amazon announced last November AWS' customer base has topped 1M.
    • Last June: SolarWinds buys website monitoring software firm Pingdom
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  • Wed, Mar. 4, 3:01 PM
    • Today's notable tech gainers include Chinese online classifieds leader 58.com (WUBA +5.9%), CDN owner Limelight (LLNW +6.5%), account-protection software provider CyberArk (CYBR +3.2%), flash storage array vendor Violin Memory (VMEM +3.8%), online video ad platform Tremor Video (TRMR +4%), and Chinese mobile game publisher Sky-mobi (MOBI +11.9%).
    • Notable decliners include cloud HR/financials software leader Workday (WDAY -5.8%), systems management software vendor SolarWinds (SWI -3.8%), chip packaging IP firm Tessera (TSRA -4.3%), security hardware/software provider KEYW Holding (KEYW -3.7%), and Chinese online real estate play E-House (EJ -4%). The Nasdaq is down 0.2%.
    • Sky-mobi has flown higher since Rosenblatt Securities pounded the table for the company last week. Workday has fallen sharply since last week's FQ4 revenue beat. E-House has gradually declined this week since 58.com announced the purchase of Chinese real estate site Anjuke.
    • Previously covered: Neustar, AeroVironment, Alibaba, SanDisk, Autohome/Bitauto, ReneSola, Trina, Ambarella/GoPro, Bazaarvoice, Veeva
    | 2 Comments
  • Thu, Jan. 29, 6:40 PM
    • Though it beat Q4 estimates, SolarWinds (NYSE:SWI) is guiding for Q1 revenue of $116.2M-$118.4M (+21%-23% Y/Y) and EPS of $0.43-$0.46, unfavorable at the midpoints to a consensus of $118.3M and $0.46. Many other enterprise software firms have also provided light guidance, thanks in part to forex pressures.
    • License revenue rose 14% Y/Y in Q4 to $45M, and subscription revenue 138% to $9.3M. Maintenance/other revenue grew 19% to $64.1M.
    • SWI -0.7% AH. Q4 results, PR.
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  • Thu, Jan. 29, 4:19 PM
    • SolarWinds (NYSE:SWI): Q4 EPS of $0.51 beats by $0.04.
    • Revenue of $118.4M (+21.9% Y/Y) beats by $0.59M.
    • Press Release
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  • Wed, Jan. 28, 5:35 PM
  • Fri, Jan. 16, 9:46 AM
    • FBR's Daniel Ives has upgraded SolarWinds (SWI +2.5%) ahead of its Jan. 29 Q4 report, and hiked his target by $12 to $60 (29x 2015E EPS).
    • Ives cites "improving execution, a broader product suite, strong secular tailwinds (e.g., public/ private cloud build, SaaS adoption), and incrementally positive customer feedback over the past couple of months that we believe will translate into improved deal flow over the next 12 to 18 months."
    • He reports positive checks for SolarWinds' core network/systems management software offerings, with growing interest and deal activity related to newer products. The Pingdom acquisition, rising international sales, and "a focus on key markets" (inc. SMBs, hosting firms, SaaS, Web sites, and Web application management) are seen as growth drivers, and 2015 op. margin guidance of 40%-41% is viewed as conservative.
    • Shares are up 16% since SolarWinds posted a Q3 beat on Oct. 28.
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  • Oct. 29, 2014, 12:45 PM
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  • Oct. 28, 2014, 5:16 PM
    • SolarWinds (NYSE:SWI) expects Q4 revenue of $116.2M-$118.5M and EPS of $0.45-$0.47, in-line with a consensus of $116.57M and $0.46.
    • Q3 license revenue +24% Y/Y to $42.8M. Maintenance & Subscription revenue +31% to $70.1M.
    • Shares +1% AH.
    • Q3 results, PR
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  • Oct. 28, 2014, 4:43 PM
    • SolarWinds (NYSE:SWI): Q3 EPS of $0.50 beats by $0.07.
    • Revenue of $112.86M (+28.5% Y/Y) beats by $2.44M.
    • Press Release
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  • Jul. 24, 2014, 5:59 PM
    • SolarWinds (NYSE:SWI) expects Q3 revenue of $109M-$111.5M and EPS of $0.42-$0.44, mostly above a consensus of $107.2M and $0.42.
    • Full-year guidance is for revenue of $420.5M-$426.5M and EPS of $1.68-$1.72, above a consensus of $416.6M and $1.65.
    • Q2 license revenue +21% Y/Y to $37.6M. Maintenance revenue (driven by past licenses) +28% to $58M. Subscription revenue rose over 6x to $5.8M.
    • Q2 results, PR
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  • Jul. 24, 2014, 4:10 PM
    • SolarWinds (NYSE:SWI): Q2 EPS of $0.41 beats by $0.04.
    • Revenue of $101.5M (+30.9% Y/Y) beats by $3.46M.
    • Press Release
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  • Jun. 18, 2014, 5:07 PM
    • SolarWinds (SWI) is buying Pingdom, a Swedish developer of widely-used website monitoring/performance management software, for an undisclosed sum.
    • Pingdom claims 500K+ users, including Google, Twitter, Instagram, and Pinterest. Its pricing ranges from $9.59/month for a Starter version supporting  100K monitored pageviews and 1 site to $453.75/month for an Enterprise version supporting 10M+ pageviews and 200+ sites.
    • SolarWinds asserts pairing Pingdom's software with its own Web/app monitoring tools will yield superior visibility and quicker troubleshooting. "Our approach to solving performance management for on-premise IT will extend to how we approach web application management and, eventually, Cloud management."
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  • Apr. 29, 2014, 5:13 PM
    • CRAY still expects 2014 revenue of $600M, of which only $75M will be in Q2 (below a $95.9M consensus). Full-year gross margin is still expected to be in the mid-30s. Shares -2.1% AH. (Q1 results, PR)
    • Dolby (DLB) expects FQ3 revenue of $205M-$215M and EPS of $0.38-$0.43 vs. a consensus of $216.9M and $0.32. FY14 (ends in September) guidance is for revenue of $930M-$950M, above a $921.8M consensus. Shares +1.3% AH. (FQ2 results, PR)
    • SolarWinds (SWI) expects Q2 revenue of $96.5M-$98.5M and EPS of $0.35-$0.37, below a consensus of $98.8M and $0.38. Full-year guidance is better: revenue of $409M-$421M and EPS of $1.60-$1.70 vs. a consensus of $415.6M and $1.61. Shares roughly unchanged for now. (Q1 results, PR)
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  • Apr. 29, 2014, 4:06 PM
    • SolarWinds, Inc. (SWI): Q1 EPS of $0.41 beats by $0.05.
    • Revenue of $95.9M (+31.5% Y/Y) beats by $2.16M.
    • Press Release
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  • Apr. 14, 2014, 7:07 PM
    • An April Barclays survey of 100 U.S. and European CIOs found 46% expecting their company's IT spending to rise in 1H14, 20% expecting it to drop, and 34% expecting no change. Those figures compare with September survey levels of 43%, 27%, and 30%.
    • Moreover, IT spending growth is seen accelerating in 2H in both the U.S. and Europe. Barclays thinks larger budgets, macro stabilization, and a need for equipment refreshes (due to high utilization rates) could be helping out.
    • At the same time, the firm cautions the spending growth is uneven: Software, networking, security, and cloud services demand is healthy, but servers, storage, and IT services remain soft. Interest in the concept of a software-defined data center is gaining traction, but big data (hyped considerably last year) is losing it for now.
    • Gartner has forecast IT spending will rise 3.2% this year to $3.77T after growing just 0.4% in 2013. Enterprise software (+6.9% to $320B) is expected to lead the way.
    • Barclays thinks its survey bodes well for H-P (HPQ), Juniper (JNPR), F5 (FFIV), Aruba (ARUN), Ingram Micro (IM), and CDW, each of which is rated Overweight.
    • Others that might take heart in the survey results: CSCO, ORCL, SAP, CA, SWI, VMW, CHKP, BRCD, ARW, AVT
    | 1 Comment
  • Mar. 6, 2014, 2:49 PM
    • Jefferies' Aaron Schwartz has upped his SolarWinds (SWI +2.7%) PT to $57 from $51, and calls the company's EPS/free cash flow upside "underappreciated" at a valuation of 16x FCF.
    • Schwartz foresees the systems management software firm delivering 20% Y/Y license growth in "a baseline scenario," and thinks sales hiring, cross-selling, and higher transaction volumes could yield upside.
    • SolarWinds has moved higher since posting a Q4 beat (featured 20% license growth) and solid guidance a month ago. Earnings disappointments led shares to underperform in 2013, after entering the year carrying steep multiples.
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Company Description
SolarWinds Inc designs, develops, markets, sells and supports enterprise-class IT infrastructure management software to IT professionals. Its product offerings range from individual software tools to more comprehensive software products.
Sector: Technology
Country: United States