SolarWinds Corporation Shares Lost 10% Since Q1 Results Announcement
<p><a href='https://financialmodelingprep.com/financial-summary/SWI'>SolarWinds Corporation (NYSE:SWI)</a> shares lost around 10% since Wednesday’s close following the company’s reported Q1 results. While the results came in better than expected, the full-year EPS guidance missed the estimates. </p>
<p>Q1 EPS was $0.24, compared to the consensus of $0.22, and revenue was $176.9 million, compared to the consensus of $174.62 million. Total ARR remained relatively flat as 30% year-over-year subscription ARR growth was offset by a 6% decline in maintenance ARR.</p>
<p>The company’s management noted the early success of their hybrid observability solution and migration journey to SaaS. The company provided its full 2022-year outlook, expecting EPS in the range of $0.88-$0.95, below the consensus of $1.05, and revenue in the range of $730-750 million, compared to the consensus of $741 million.</p>
<p>Analysts at RBC Capital said they remain optimistic about their long-term growth but remain cautious in the near term due to uneven macros. The analysts lowered their price target on the company’s shares to $14 from $16, while reiterating their sector perform rating.</p>

NYSE:SWI