SolarWinds Reaches New 52-Week High (SWI)

NEW YORK ( TheStreet) -- SolarWinds (NYSE: SWI) hit a new 52-week high Friday as it is currently trading at $47.29, above its previous 52-week high of $46.38 with 382,367 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

SolarWinds has a market cap of $2.79 billion and is part of the technology sector and computer software & services industry. Shares are up 62.4% year to date as of the close of trading on Thursday.

SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software for IT professionals in various organizations in the United States and internationally. The company has a P/E ratio of 45, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SolarWinds as a buy. 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, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full SolarWinds Ratings Report.

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