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Robert W. Baird Remains a Hold on SolarWinds (SWI)

In a report issued on August 2, Robert Oliver from Robert W. Baird maintained a Hold rating on SolarWinds (SWIResearch Report), with a price target of $12.00. The company’s shares closed last Thursday at $9.61, close to its 52-week low of $9.28.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 9.4% and a 53.4% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and PROS Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for SolarWinds with a $14.17 average price target, representing a 46.8% upside. In a report issued on July 19, Evercore ISI also maintained a Hold rating on the stock with a $12.00 price target.

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Based on SolarWinds’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $177 million and GAAP net loss of $4.66 million. In comparison, last year the company earned revenue of $174 million and had a GAAP net loss of $7.16 million.

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SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.

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