After the Q2 2013 results from solarwinds, the share slumps drastically. It is happening for the third time this year. Solarwinds share slumps first ti me this year in April immediately after their Q1 2013 results. Then it went down on the day of the N-able acquisition.
In addition, most of the analysts down the value of Solarwinds shares.
Solarwinds plans to repurchase $50M of its shares in the next 12 months. After this announcement, the shares started going up. Solarwinds is going to have a tough next few quarters. We have to wait and see the progress of it with the acquisition and grow strategy.
Companies that has the acquisition strategy like Google are facing tough time in the last couple of quarters. The cultural change will have impact on the growth of the company. We have to wait and watch how these companies are going to perform in future.
Saravanan
In addition, most of the analysts down the value of Solarwinds shares.
Needham & Company downgraded SolarWinds (NYSE: SWI) from Buy to Hold following weak Q2 earnings.
analysts at Jefferies Group cut their price target on shares of SolarWinds from $59.00 to $45.00
Analysts at Robert W. Baird cut their price target on shares of SolarWinds from $54.00 to $46.00One good news is Zacks has upgraded the SWi rattings from under performing to neutral on August 1st.
Solarwinds plans to repurchase $50M of its shares in the next 12 months. After this announcement, the shares started going up. Solarwinds is going to have a tough next few quarters. We have to wait and see the progress of it with the acquisition and grow strategy.
Companies that has the acquisition strategy like Google are facing tough time in the last couple of quarters. The cultural change will have impact on the growth of the company. We have to wait and watch how these companies are going to perform in future.
Saravanan
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