SolarWinds Corporation Common Stock (SWI)

After the market close, we’ll get more fodder for our Digital Lifestyle model with quarterly results from DoorDash IAC Inc.

Top mid-cap stock performers last week: Kingsoft Cloud up 34.77%, Oklo Inc. up 33.36%, AST SpaceMobile up 30.98%, VNET Group up 29.12%, Teladoc Health up 27.46%, GDS Holdings up 25.68%, Magnite up 23.08%, SolarWinds up 23.05%, Lions Gate Entertainment up 22.68%, IREN Limited up 22.02%.

There are notable gap-ups and gap-downs in today's session. Let's take a look at which stocks are gapping on Friday.

Bausch + Lomb's efforts to sell have so far been unsuccessful. Meanwhile, KKR is aggressively pursuing a deal for Fuji Soft.

Companies Reporting Before The Bell • Ares Management (NYSE:ARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.

SolarWinds is set to be acquired by Turn/River Capital for $4.4 billion. Shareholders will get $18.50 per share.

Goldman Sachs analyst downgrades E2open Parent Holdings from Neutral to Sell, lowering price target from $3.5 to $2.9. Despite undemanding valuation, lack of growth visibility and high leverage will likely weigh on stock.

SolarWind reported a fiscal third-quarter 2024 revenue growth of 6% year-on-year to $200.03 million, beating the estimate of $194.04 million.

The SEC charged four major companies for misleading disclosures about cybersecurity risks and breaches, including SolarWinds attack. Companies will pay fines and improve cybersecurity practices.

SolarWinds to open new office in Saudi Arabia's Riyadh in 2025, after strong growth in Dubai.

SolarWinds Corp reported Q2 2024 revenue growth of 4% to $193.3 million, beating analyst estimates. Adjusted EPS of $0.26 also beat expectations.

We made it to the end of a holiday-shortened week. It was a slow week of day trading, but I’m happy with how it finished. Let’s break it down in today’s recap.

SWI stock results show that SolarWinds beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

SWI Q1 2024 revenue up 4% to $193.31M, beating analyst estimates. Adjusted EPS of $0.29 also beat estimates. Subscription revenue up, license revenue down.

Microsoft faces security challenges as recent attacks have shaken trust in the company. With emphasis on AI and cloud, analysts are optimistic.

SWI stock up after reporting Q4 FY23 revenue growth of 6%, beating consensus. Maintenance revenue flat, subscription revenue up 36.3%, EPS beat.