Solarwinds Stock Price, News & Analysis

SolarWinds Corporation (NYSE:SWI) has confidentially submitted a Form 10 registration statement to the SEC regarding a potential spin-off of its managed service provider (MSP) business. This follows the board's approval to explore such a move announced on August 6, 2020. If executed, the spin-off aims to create a standalone entity focused on cloud-based solutions for MSPs, while SolarWinds retains its Core IT Management business. The proposed transaction is expected to be tax-free for shareholders, subject to board approval, with completion anticipated in the first half of 2021.

SolarWinds (NYSE:SWI) announces its participation at GITEX Technology Week from December 6-10, 2020, in Dubai. Partnering with Spire, the company will showcase the latest updates to its Orion Platform, enhancing IT management and monitoring across diverse environments. The Orion Platform's centralized approach supports businesses in adapting to remote work demands, addressing IT challenges post-pandemic. Following the acquisition of SentryOne, SolarWinds aims to strengthen its database performance management solutions, catering to both mid-market and larger organizations.

SolarWinds (NYSE:SWI) has launched its Automation Cookbook, a resource aimed at Managed Service Providers (MSPs) to enhance operational efficiency and reduce costs. This comprehensive collection includes over 380 custom scripts designed for the SolarWinds product suite, enabling MSPs to automate critical tasks like OS updates and patches. The initiative promises quicker service delivery and positions MSPs as more valuable partners to their clients. Notably, a recent addition is the integration script for Cisco Meraki device monitoring, enhancing management capabilities.

SolarWinds (NYSE:SWI) announced the ninth edition of THWACKcamp™, a free virtual IT learning event scheduled for November 12-13, 2020. This two-day event will feature keynotes, breakout sessions, and expert training aimed at IT professionals. The event addresses the challenges posed by COVID-19, with 26% of IT pros indicating the need to learn new skills for remote work support. Participants can choose from a variety of topics in IT operations management, ensuring comprehensive learning opportunities. Registration is open for this significant industry event.

SolarWinds (NYSE:SWI) has integrated its Endpoint Detection and Response (EDR) with Remote Monitoring and Management (RMM) to enhance endpoint security management. This integration allows users to efficiently configure and manage security while mitigating risks. The EDR offers real-time protection, automated quarantine, and rollback features, providing partners with a unified dashboard for threat management. Industry leaders praise this advancement, emphasizing the need for comprehensive security against evolving cyberthreats.

SolarWinds (NYSE:SWI) has announced a definitive agreement to acquire SentryOne, a provider of database performance monitoring solutions. This acquisition aims to enhance SolarWinds' IT management software offerings, particularly for Microsoft environments. With SentryOne's established portfolio, SolarWinds plans to address the growing complexity of database management for mid-sized and larger organizations. The transaction is set to close later this month, potentially expanding SolarWinds' market share and capabilities in the database performance management sector.

SolarWinds (NYSE:SWI) announced new IT asset management integrations for its Discovery platform, enhancing connectivity with Microsoft Azure and the Orion Platform, with an upcoming integration for Jamf software. These enhancements aim to boost visibility into IT infrastructure, helping organizations reduce spending and risk while improving service management. By consolidating asset information, the integrations provide a comprehensive view essential for effective IT management, ultimately supporting CIOs in their cost assessment and service delivery strategies.

SolarWinds (NYSE: SWI) will announce its third quarter 2020 financial results on October 27, 2020, at approximately 3:15 p.m. CT. The company will host a conference call to discuss these results at 4:00 p.m. CT the same day. A live webcast will be available on the company's Investor Relations website. Furthermore, SolarWinds executives are scheduled to present at two investor conferences in the fourth quarter: the RBC Capital Markets conference on November 18 and the Credit Suisse conference on December 1.