NEW YORK (
) -- Shares of
) were gapping up Thursday morning with an open price 11.9% higher than Wednesday's closing price. The stock closed at $24.04 Wednesday and opened today's trading at $26.90.
The average volume for SolarWinds has been one million shares per day over the past 30 days. SolarWinds has a market cap of $1.8 billion and is part of the
industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.
SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals. The company has a P/E ratio of 34.4, above the average computer software & services industry P/E ratio of 33.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates SolarWinds as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full
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