Solarwinds Stock Price, News & Analysis

SolarWinds (NYSE:SWI) announces recognition for nine of its IT management solutions as 2022 Top Rated Products by TrustRadius, based on verified user reviews across 21 categories. This distinction is attributed to high marks in support, usability, and reviewer satisfaction. Notable products include Network Performance Monitor, Server & Application Monitor, and Database Performance Analyzer. Rohini Kasturi, Chief Product Officer, emphasizes the significance of user feedback in navigating increasing IT complexities.

SolarWinds (NYSE:SWI) has received multiple awards recognizing its IT operations management products in the first half of 2022. The company secured accolades from TrustRadius, Stevie Awards, and Govies, highlighting its industry leadership in IT management software. Notable wins include three Stevie Awards and recognition of CEO Sudhakar Ramakrishna at the 2022 MeriTalk’s Cyber Defenders Awards. SolarWinds also earned distinctions for its products, such as the Database Performance Analyzer and Network Configuration Manager, emphasizing its commitment to quality and innovation in IT solutions.

SolarWinds (NYSE:SWI) introduces its Next-Generation Build System as part of the Secure by Design initiative, aimed at transforming software development processes in response to the SUNBURST cyberattack. This innovative system implements a parallel build process for enhanced security, creating multiple secure development paths. To promote industry-wide improvement, SolarWinds will release components of this system as open-source software. The initiative includes four principles emphasizing dynamic operations, systematic build products, simultaneous processes, and detailed record-keeping.

The SolarWinds IT Trends Report 2022 highlights the complexities of managing hybrid IT environments, revealing that 56% of tech professionals manage this through training, while 54% utilize monitoring tools. Despite these efforts, 49% lack visibility into critical applications and infrastructure, impacting anomaly detection and performance assurance. Budgets, resource constraints, and a lack of confidence in managing IT complexity are significant challenges. The report emphasizes the necessity for organizations to invest in observability strategies and improve IT management tools to enhance ROI.

SolarWinds (NYSE:SWI) will sponsor and participate in Cisco Live! from June 12-16, 2022, in Las Vegas. The company will showcase its Hybrid Cloud Observability platform and lead a think tank session on observability benefits for network administrators. Chrystal Taylor, Head Geek at SolarWinds, emphasizes the importance of observability for enhancing IT efficiency and collaboration. The Hybrid Cloud Observability solution aims to improve issue resolution, ensure service levels, and offer a low cost of ownership. Attendees can meet experts at Booth #2366.

SolarWinds (NYSE:SWI) will participate as a Platinum sponsor at SupportWorld Live, taking place from May 15 – 20, 2022, in Las Vegas. The company will conduct a 20-minute session titled “ITSM—The Secret Behind Every Great IT Pro” on May 18. During this session, attendees will learn to enhance productivity and efficiency through its ITSM solutions, which aim to improve communication and service delivery within organizations. Participants can meet with SolarWinds experts at Booth #515.

SolarWinds Corporation (SWI) reported Q1 2022 results with total revenue of $176.9 million, marking a 1.7% year-over-year increase. Recurring revenue constituted 87.2% of total revenue. The company incurred a net loss of $4.7 million and achieved an adjusted EBITDA of $68.8 million, equating to a 38.9% margin. Key developments included the launch of Hybrid Observability solutions and the acquisition of Monalytic, enhancing support for federal clients. SolarWinds is focused on customer retention and subscription growth while maintaining strong cash reserves of $751.2 million against $1.9 billion in debt.

SolarWinds (NYSE:SWI) will participate in SITS, Europe’s premier IT service management event, on May 11-12, 2022, at ExCeL London. The company will showcase enhancements to its ITSM portfolio at Booth #550. Senior director, Charles Damerell, expressed excitement about sharing insights to improve organizational efficiency. SolarWinds' ITSM solutions offer integrated service desk and IT asset management, tailored for small businesses and large enterprises. Attendees can expect live product demonstrations and networking opportunities.

SolarWinds (NYSE:SWI) has launched its Hybrid Cloud Observability platform, designed to enhance IT agility and productivity for organizations navigating hybrid IT environments. This integrated solution simplifies monitoring and management, reducing operational costs and alert fatigue. It allows IT teams to proactively manage services, improve efficiency and support digital transformation efforts. The platform offers a comprehensive view of services and dependencies, ensuring optimal service levels and rapid problem resolution. The new offerings are now available for organizations of all sizes.