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.
Oct. 29, 2014, 12:45 PM
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
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)
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.
Feb. 5, 2014, 4:56 PM
- TriQuint (TQNT) expects Q1 revenue of $170M-$180M and EPS of -$0.11 to $0.13, below a consensus of $223.6M and $0.04. The company blames an inventory correction by a large mobile customer (almost certainly Apple). The company says it still thinks full-year EPS will meet or beat a $0.49 consensus. Shares -1.1% AH. (Q4 results, PR)
- iRobot (IRBT) expects Q1 revenue of $110M-$113M and EPS of $0.13-$0.17, below a consensus of $121.2M and $0.28. Full-year guidance is for revenue of $560M-$570M and EPS of $1-$1.15 vs. a consensus of $555.3M and $1.14. Shares -6.3% AH. (Q4 results, PR)
- SolarWinds (SWI) expects Q1 revenue of $92M-$94M and EPS of $0.34-$0.36 vs. a consensus of $91.8M and $0.35. Full-year guidance is for revenue of $408M-$420M and EPS of $1.55-$1.65, mostly above a consensus of $404.6M and $1.55. Shares +2.1% AH. (Q4 results, PR)
Jan. 6, 2014, 9:46 AM
- First Solar (FSLR -6.3%) has been cut to Sell by Goldman, and SolarCity (SCTY +11.2%) has been upgraded to Conviction Buy.
- eBay (EBAY -2.7%) has been cut to Equal Weight by Morgan Stanley.
- Riverbed (RVBD -0.6%) has been cut to Hold from Strong Buy by Needham.
- JinkoSolar (JKS +7.6%) and Trina (TSL +5.9%) have been started at Buy by Jefferies
- SolarWinds (SWI +1.7%) has been upgraded to Overweight by Evercore.
- Manhattan Associates (MANH +3.2%) has been upgraded to Outperform by Raymond James.
- UMC (UMC +0.5%) has been upgraded to Overweight by UBS.
- Ingram Micro (IM +0.6%) has been upgraded to Overweight by Barclays.
- Dupont Fabros (DFT +0.9%) has been upgraded to Outperform by Baird.
- Rambus (RMBS -3.6%) has been cut to Hold by Jefferies.
- Arris (ARRS -2.5%) has been cut to Equal Weight by Barclays.
- Geospace Technologies (GEOS -4%) has been cut to Sell by BWS Financial.
- Trimble (TRMB -2.1%) has been cut to Hold by Craig-Hallum.
- Autohome (ATHM -9.6%) has been started at Neutral by Deutsche and Piper, and at Sell by Goldman, on underwriter coverage day.
Dec. 19, 2013, 10:57 AM
- JMP has started coverage on SolarWinds (SWI +5.7%) with an Outperform and $43 PT. Shares of the systems management software vendor have jumped to levels last seen in September in response.
- Shares are still down 26% YTD, after getting clocked more than once this year due to disappointing guidance. They currently trade at 23x 2014E EPS after backing out cash/investments.
Nov. 8, 2013, 8:56 AM
- Priceline (PCLN) has been upgraded to Buy by Monness Crespi after beating Q3 estimates, issuing light Q4 EPS guidance, and announcing a CEO change. Shares +2% premarket after initially trading lower in AH trading yesterday.
- Windstream (WIN) has been cut to Underweight by Morgan Stanley a day after missing Q3 estimates. Shares -0.9% premarket after dropping 5.6% yesterday.
- SolarWinds (SWI) has been upgraded to Buy by Needham 10 days after beating Q3 estimates and issuing below-consensus Q4 guidance.
- Aspen Technology (AZPN) has been upgraded to Buy by UBS a week after beating FQ1 estimates and raising full-year guidance.
- SunEdison's (SUNE) PT has been raised to $21 (a Street high) from $11 by Citi two days after the company beat Q3 estimates, issued strong solar division guidance, and raised the possibility of spinning off some of its solar assets into a new company. The company is already set to do an IPO for its chip wafer unit. Shares +6.7% premarket.
Sep. 24, 2013, 12:50 PM
- Several enterprise IT names are lower after Red Hat reported weaker-than-expected Aug. quarter billings and issued soft top-line guidance yesterday afternoon, and Red Hat, EMC (EMC -1.2%), NetApp (NTAP -0.5%), and F5 (FFIV -2.2%) were hit with downgrades this morning.
- Notable decliners include Citrix (CTXS -2.6%), VMware (VMW -1.9%), SolarWinds (SWI -2.1%), Teradata (TDC -2.1%), CommVault (CVLT -2.1%), and Radware (RDWR -2.4%). Red Hat partly blamed its performance on weak European demand.
- Barclays' Ben Reitzes suggests his downgrades of EMC and NetApp are partly valuation calls (both companies are near his PTs). But he adds "there may be more upside in networking names today" in light of "long-term headwinds to storage demand." The growth of cloud infrastructure platforms relying on commodity hardware (AWS being the most notable) is generally viewed as a threat to storage incumbents.
- William Blair cut NetApp to Underperform last week, raising concerns about executive departures, a flash memory-focused refresh to EMC's VNX mid-range storage line, and the Cisco-Whiptail deal.
- Goldman's Kent Schofield, who cut F5 to Neutral, says he thinks Street estimates now take into account F5's application delivery controller (ADC) refresh cycle and Cisco ADC displacements.
Sep. 20, 2013, 9:53 AM
- Facebook (FB +0.7%) has been upgraded to Outperform by Cowen. The upgrade comes with shares having risen 73% since the Q2 report.
- Tibco (TIBX +4.6%) and Informatica (INFA +4.3%), two companies frequently hyped as big data/analytics plays, have been upgraded to Positive by Susquehanna. Tibco delivered an FQ3 beat and provided in-line FQ4 guidance yesterday afternoon.
- SunEdison (SUNE +2.5%) has been upgraded to Outperform by RBC.
- Portugal Telecom (PT +4.8%) has been upgraded to Outperform by Bernstein.
- Synaptics (SYNA +2.1%) has been upgraded to Outperform by Oppenheimer.
- NetApp (NTAP -1%) has been cut to Underperform by William Blair.
- SolarWinds (SWI -4.4%) has been cut to Sell by Goldman.
- Ericsson (ERIC -2.1%) has been cut to Hold by DNB.
- Level 3 (LVLT -1.9%) has been cut to Equal Weight by Morgan Stanley.
- ExOne (XONE -0.3%) has been started at Outperform by FBR.
Jul. 26, 2013, 12:45 PM
Jul. 26, 2013, 11:27 AMSolarWinds' (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. | 1 Comment
Jul. 26, 2013, 9:11 AM
Jul. 25, 2013, 4:24 PM
May. 22, 2013, 2:19 PMSolarWinds' (SWI -13.9%) is downgraded to Sector Perform at Pacific Crest after yesterday's $120M purchase of N-able Technologies. "The customer base, integration of the acquisition and deal size is incongruous with prior acquisitions," the firm writes, adding SWI is spending half of its cash on an "incremental opportunity that pales in comparison to its existing" market. | Comment!
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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.
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