SolarWinds Stock Hits New 52-Week High (SWI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- SolarWinds (NYSE: SWI) hit a new 52-week high Friday as it is currently trading at $56.84, above its previous 52-week high of $56.80 with 280,424 shares traded as of 12:35 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

SolarWinds has a market cap of $4.15 billion and is part of the technology sector and computer software & services industry. Shares are up 100.5% 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 56.9, above the average computer software & services industry P/E ratio of 56.4 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full SolarWinds Ratings Report.

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