MARKET COMPOSITE
SWI - SolarWinds Corp6:09:06 PM 4/24/2024
Price
$11.28
+ 0.11 (0.98%)
SolarWinds Inc. is an American company that develops software for businesses to help manage their networks, systems, and information technology infrastructure. SolarWinds is headquartered in Austin, Texas, with sales and product development offices in a number of locations in the United States and several other countries around the world. The company was publicly traded from May 2009 until the end of 2015, and again from October 2018. It has also acquired a number of companies, some of which it still operates under their original brand names including Pingdom, Papertrail, and Loggly. SolarWinds was officially founded in 1999 in Tulsa, Oklahoma, and had maintained profitability since its founding. The company was co-founded by Donald Yonce and his brother David Yonce. SolarWinds released its first products, Trace Route and Ping Sweep, earlier in March 1998 and released its first web-based network performance monitoring application in November 2001. According to Michael Bennett, who became the chief executive officer in 2006, the name SolarWinds was chosen by an early employee and that the company has nothing to do with solar or wind power. In 2006, the company moved its headquarters to Austin, Texas, where about 300 of the company's total 450 employees were based as of 2011.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue198.1MM+5%
Gross Profit176.3MM+5%
Cost Of Revenue21.8MM+2%
Operating Income43.4MM+13%
Operating Expenses132.9MM+2%
Net Income-576K-82%
R&D25MM-8%
G&A32.6MM+5%
Marketing63.8MM+7%
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Stock news

    AUSTIN, Texas, April 18, 2024--SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the first quarter of 2024 on Thursday, May 2, 2024.

    AUSTIN, Texas, April 18, 2024--SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, secure observability and IT management software. Today, the company unveiled a groundbreaking new consultative approach to maximize the value of IT service management (ITSM) solutions for enterprises without the burdensome costs and staffing requirements typically associated with high-level IT consultancy. With the launch of a free online evaluation and assessment tool, SolarWinds now offers enterpris

    AUSTIN, Texas, April 10, 2024--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the winners of its 2024 Transform Partner Awards, which honor the achievements of the company’s valued channel partners throughout the past year. The awards were issued at the Transform Partner Summit series hosted by SolarWinds across Europe, Asia, and the Americas as an opportunity for its global partners to network, learn, and celebrate

    CORK, Ireland, April 04, 2024--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will attend SITS, Europe’s leading event for IT service management (ITSM), service desk, and IT support professionals. SolarWinds will showcase its easy-to-use ITSM product portfolio on April 17 – 18 at ExCeL London.

    AUSTIN, Texas, April 02, 2024--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today commemorates a quarter-century of producing cutting-edge solutions that deliver value and reduce complexity for enterprises, wherever they are on their digital transformation journeys. Founded in 1999 with a vision to simplify IT management, SolarWinds solutions continue to provide organizations worldwide—regardless of type, size, or complexity—with

    The hack of information technology company SolarWinds, one of the broadest and most sophisticated cyber attacks in the United States, was identified in December 2020 and gave away access to thousands of companies and government offices that used its products. Hackers were able to use the company's flagship network management software called Orion as a springboard into U.S. government networks and international targets. The regulator has asked for internal communications of affected companies a...

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    AUSTIN, Texas, March 21, 2024--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it has submitted its Secure Software Development self-attestation in alignment with Cybersecurity and Infrastructure Security Agency (CISA) and Office of Management and Budget (OMB) requirements. In submitting its form to the Repository for Software Attestation and Artifacts (RSAA), SolarWinds is the first software provider to publish CISA

    AUSTIN, Texas, March 20, 2024--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, announced it will host its annual Americas Partner Summit 2024 in Miami April 8–10, 2024. The event is part of the SolarWinds Transform Partner Summit series hosted by the company across Europe, Asia, and the Americas as an opportunity for its global partners to network, learn, and celebrate their successes alongside SolarWinds.