Publish date:

SolarWinds Wavers After Stronger-Than-Expected Revenue Estimate

SolarWinds estimated a second-quarter loss on revenue that exceeded Wall Street's expectations.
Author:

Shares of SolarWinds  (SWI) - Get Report wavered on Monday after the information-technology monitoring solutions estimated a second-quarter loss on stronger-than-expected revenue. 

The Austin company estimated a net loss for the quarter ranging $10.4 million to $11.3 million.

Second-quarter revenue should come in between $260.8 million and $262.1 million, growth of about 6% year over year. Analysts polled by FactSet are expecting revenue of $256.4 million. 

At last check the company's shares were little changed at $17.40. 

TheStreet Recommends