Analyst Piling Into SolarWinds After Quiet Period (SWI)

Apps & Software

Published: June 29, 2009 7:48 am

Last Updated: March 10, 2020 5:31 pm

SolarWinds, Inc. (NYSE: SWI) is indicated up this morning. The recent IPO’s quiet period by analysts has ended and the initiations of new coverage looks positive on the surface. Since its IPO, shares have traded in a range of $12.70 to $15.96 and shares closed at $15.15 on Friday.

The initiation are as follows:

Overweight at JP Morgan with a $19 target
Overweight at Thomas Weisel with a $16.00 target
Buy at Goldman Sachs with an $18 target
Buy at Jefferies with $17 target
Buy at Ladenberg Thalmann.

As a reminder, SolarWinds is involved in enterprise-class network management software for network professionals and other information technology professionals rather than being tied to solar or wind energy as the name might lead you to believe.

The good news for the company is that the ratings are all positive on the surface. But the upside targets are not the most robust. Those targets can always be lifted down the road.

Jon C. Ogg
June 29, 2009

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