SolarWinds Stock Soars After Q2 Performance: Here's Why
Portfolio Pulse from Anusuya Lahiri
SolarWinds Corp reported a Q2 FY23 revenue growth of 5% YoY to $185 million, beating the consensus of $179.5 million. Non-GAAP EPS of $0.21 also beat the consensus of $0.17. The company raised its FY23 revenue and non-GAAP EPS outlook. Following the announcement, SWI shares traded higher by 10.40%.
August 04, 2023 | 1:52 pm
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SolarWinds' Q2 FY23 results and raised FY23 outlook could lead to a positive short-term impact on its stock.
SolarWinds reported better-than-expected Q2 FY23 results and raised its FY23 outlook, which is likely to boost investor confidence and could lead to a positive short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100