SolarWinds jumps following JMP coverage launch

|By:, SA News Editor

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.