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why did solarwinds stock drop

by Gaston Goyette Published 3 years ago Updated 2 years ago
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The IT management software company is at the center of a major cyber attack that has impacted U.S. government agencies. What happened Shares of SolarWinds (SWI -1.26%) have gotten crushed today, down by 17% as of 12:05 p.m. EST, after hackers were able to attack multiple U.S. federal agencies by compromising SolarWinds' systems.

Shares of SolarWinds Corp. SWI, -1.36% dropped 4.7% in premarket trading Thursday, after the cyber security software company swung to a third-quarter loss while revenue beat expectation, although the fourth-quarter outlook was below current forecasts.Oct 28, 2021

Full Answer

What happened to SolarWinds’ share price?

Jul 20, 2021 · The big share price drop reflects the split. SolarWinds shareholders of record on July 12, 2021 each received one share of N-able -- which is currently trading at $14 per share, down nearly 9% as ...

What is SolarWinds'stock symbol?

Dec 14, 2020 · Shares of SolarWinds ( SWI -1.26% ) have gotten crushed today, down by 17% as of 12:05 p.m. EST, after hackers were able to attack multiple U.S. federal agencies by compromising SolarWinds'...

What are SolarWinds'stock price targets for the next year?

Apr 02, 2022 · SolarWinds saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,300,000 shares, a drop of 25.3% from the March 15th total of 3,080,000 shares. Based on an average daily trading volume, of 773,300 shares, the days-to-cover ratio is presently 3.0 days.

Why is SolarWinds spinning off N-able?

Find the latest SolarWinds Corporation (SWI) stock quote, history, news and other vital information to help you with your stock trading and investing.

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Is SolarWinds a good stock to buy?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SolarWinds in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SolarWinds stock.

Who owns the company SolarWinds?

SolarWinds was bought out by Thoma Bravo for $4.5B on Oct 21, 2015 .

Why is SWI down?

Shares of SolarWinds ( SWI -1.95% ) have gotten crushed today, down by 17% as of 12:05 p.m. EST, after hackers were able to attack multiple U.S. federal agencies by compromising SolarWinds' systems. The malicious actors are believed to have ties to the Russian government.Dec 14, 2020

Is SWI a buy?

Out of 5 analysts, 0 (0%) are recommending SWI as a Strong Buy, 0 (0%) are recommending SWI as a Buy, 4 (80%) are recommending SWI as a Hold, 0 (0%) are recommending SWI as a Sell, and 1 (20%) are recommending SWI as a Strong Sell. What is SWI's earnings growth forecast for 2022-2024?

Does Thoma Bravo own SolarWinds?

Thoma Bravo and Silver Lake Partners combined owned approximately 80% of SolarWinds stock during the same time period that a group of hackers – believed to be working on behalf of Russia's Foreign Intelligence Service (SVR) – compromised Orion's build server and pushed a malicious software update to more than 18,000 ...Jun 2, 2021

Is SolarWinds out of business?

Austin-based software maker SolarWinds has spun off its managed service provider business into a separate company called N-able. SolarWinds makes network and IT management software.Jul 20, 2021

Is SolarWinds publicly traded?

The company was publicly traded from May 2009 until the end of 2015, and again from October 2018....SolarWinds.TypePublic companyProductsAppOptics, Loggly, Pingdom, PapertrailRevenueUS$938.5 million (2019)Number of employeesc. 2,300 (2021)Websitesolarwinds.com9 more rows

Is SolarWinds a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SolarWinds in the last year. There are currently 1 sell...

How has SolarWinds' stock price been impacted by COVID-19?

SolarWinds' stock was trading at $33.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since...

Are investors shorting SolarWinds?

SolarWinds saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 2,960,000 shares,...

When is SolarWinds' next earnings date?

SolarWinds is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for SolarWinds .

How were SolarWinds' earnings last quarter?

SolarWinds Co. (NYSE:SWI) announced its quarterly earnings data on Thursday, February, 17th. The software maker reported ($0.14) EPS for the quarte...

How often does SolarWinds pay dividends? What is the dividend yield for SolarWinds?

SolarWinds announced an annual dividend on Friday, July 30th. Stockholders of record on Monday, August 9th will be given a dividend of $1.50 per sh...

When did SolarWinds' stock split? How did SolarWinds' stock split work?

Shares of SolarWinds reverse split before market open on Monday, August 2nd 2021. The 1-2 reverse split was announced on Monday, July 26th 2021. Th...

What guidance has SolarWinds issued on next quarter's earnings?

SolarWinds updated its FY 2022 earnings guidance on Thursday, March, 10th. The company provided earnings per share (EPS) guidance of $1.010-$1.080...

What price target have analysts set for SWI?

7 equities research analysts have issued 1-year target prices for SolarWinds' stock. Their forecasts range from $15.00 to $32.00. On average, they...

"Should I invest in SolarWinds stock?" "Should I trade "SWI" stock today?"

According to our live Forecast System, SolarWinds Corp stock is a bad long-term (1-year) investmen...

What is the SolarWinds stock price / share price today?

The SolarWinds stock price is 12.760 USD today.

Will SWI stock price drop / fall?

Yes. The SolarWinds stock price may drop from 12.760 USD to 10.508 USD...

Will SWI stock price grow / rise / go up?

No. See above .

Will SWI stock price crash?

According to our analysis, this can happen.

Will SolarWinds stock price hit 100 USD price in a year?

Not within a year. See above .

Will SolarWinds stock price hit 200 USD price in a year?

Not within a year. See above .

Will SolarWinds stock price hit 500 USD price in a year?

Not within a year. See above .

Who is Evan from Motley Fool?

Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

What is the target of Fireeye?

The hackers were able to attack SolarWinds' supply chain in order to insert malware into an Orion software update as early as this spring, according to FireEye .

About SolarWinds

SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.

SolarWinds (NYSE:SWI) Frequently Asked Questions

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SolarWinds in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SolarWinds stock.

What is solar wind?

AUSTIN, Texas, July 01, 2021--SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced it has received recognition from customers , IT professionals, and industry leaders for its IT operations management products and corporate achievements in the first half of 2021.

When is Solarwinds 2021?

AUSTIN, Texas, July 07, 2021 --SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced its gold sponsorship of Service Management World, July 21-22, 2021. SolarWinds Head Geek™ Chrystal Taylor will deliver a technical session on service desk monitoring and automation and a video discussion group on service management metrics. The company will also showcase SolarWinds® Service Desk, an IT service management (ITSM) product, in its virtual booth.

What happened to Denmark's central bank?

Denmark's central bank was compromised in last year's global SolarWinds hacking operation, leaving a "backdoor" to its network open for seven months, IT media Version2 reported on Tuesday, citing documents related to the case. The hackers, accused by the United States of working for Russian intelligence, were unusually sophisticated and modified code in SolarWinds network management software that was downloaded by 18,000 customers around the globe. The attackers could use SolarWinds to get inside a network and then create a backdoor for potential continued access.

Who is responsible for the May 30 ransomware attack?

(Bloomberg) -- Just weeks after President Joe Biden implored Vladimir Putin to curb cyber crime, a notorious, Russia-linked ransomware gang has been accused of pulling off an audacious attack on the global software supply chain.REvil, the group blamed for the May 30 ransomware attack of meatpacking giant JBS SA, is believed to be behind hacks on at least 20 managed-service providers, which provide IT services to small- and medium-sized businesses. More than 1,000 businesses have already been imp

What is the hacking group that is targeting businesses?

(Bloomberg) -- A Russia-linked hacking group has compromised roughly 200 businesses in a large-scale ransomware attack that is ongoing, according to the cybersecurity firm Huntress Labs Inc.The hackers targeted managed service providers, which often give IT support to small- to medium-size businesses, according to Huntress Labs. By targeting a managed service provider, or MSP, hackers may then be able to access and infiltrate its customers’ computer networks.Two of the affected managed service p

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Who resigned from Solarwinds?

Copy link to paste in your message. SolarWinds CEO Kevin Thompson also resigned on the same day as the sale. One of SolarWinds' customers, the prominent California cybersecurity firm FireEye, was the first to discover the cyberespionage operation.

What is solarwinds software?

SolarWinds is a Texas-based software company, pictured, that provides vital computer network monitoring services to corporations and government agencies around the world. On Sunday, it was revealed it had been targeted in a 'Russian cyber attack'. SolarWinds is a Texas-based software company that provides vital computer network monitoring services ...

How much did Silver Lake sell in 2019?

In 2019, Silver Lake sold about $140 million of shares and Thoma Bravo sold about $110 million, the Post states. As they control six of the seats on the board of directors of the company, their stock trades are subject to federal rules around financial disclosures.

How much did Silver Lake and Thoma Bravo make from Solarwinds?

Silver Lake and Thoma Bravo have also earned $194.6 million and $234.67 million, respectively, from secondary stock sales since they took SolarWinds public in 2018.

What is a software company?

The software company provides vital computer network monitoring services to corporations and government agencies around the world. In March, its software update was compromised, allowing hackers to spy unnoticed on businesses and agencies for almost nine months.

Which federal agencies were hit by the 9/11 attacks?

Six federal agencies have so far revealed they were hit in the attack: the Pentagon, the State Department and the National Institutes of Health, as well as the Treasury, Commerce and Homeland Security departments. Copy link to paste in your message.

Did Solarwinds get corrupted?

Share. According to the Washington Post, FireEye had determined by Friday that SolarWinds updates had been corrupted and contacted the company. Yet, it is not known when SolarWinds' executives exactly became aware of the hack and if they may have known of the breach before this.

How much has Solarwinds plunged?

The company’s share price has plunged roughly 22 percent since its role in the breach was revealed. SolarWinds's banner at the New York Stock Exchange on the day the company's stock went public in October 2018. (Brendan Mcdermid/Reuters) By . Drew Harwell.

Who are the directors of Solarwinds?

Three executives from Thoma Bravo are directors on the SolarWinds board: Seth Boro, James Lines and Michael Hoffman. Three executives from Silver Lake — Kenneth Hao, Michael Bingle and Mike Widmann — are also on the board. It was both investors’ largest sale of SolarWinds stock since the company went public in 2018.

Who is Silver Lake?

Silver Lake, a Silicon Valley investor with a history of high-profile tech deals including Airbnb, Dell and Twitter, sold $158 million in shares of SolarWinds on Dec. 7 — six days before news of the breach became public.

How much did Solarwinds stock fall?

SolarWinds's share price fell 25% within days of the SUNBURST breach becoming public knowledge, and 40% within a week. Insiders at the company had sold approximately $280 million in stock shortly before this became publicly known, which was months after the attack had started. A spokesperson said that those who sold the stock had not been aware of the breach at the time.

Who is the CEO of Solarwinds?

On March 1, 2021, SolarWinds CEO, Sudhakar Ramakrishna, blamed a company intern for using an insecure password ("solarwinds123") on their update server which may have led to the attack.

What is solarwinds software?

SolarWinds Inc. is an American company that develops software for businesses to help manage their networks, systems, and information technology infrastructure. It is headquartered in Austin, Texas, with sales and product development offices in a number of locations in the United States and several other countries. 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 other companies, some of which it still operates under their original names, including Pingdom, Papertrail and Loggly. It had about 300,000 customers as of December 2020, including nearly all Fortune 500 companies and numerous federal agencies.

How many customers does Solarwinds have?

It had about 300,000 customers as of December 2020, including nearly all Fortune 500 companies and numerous federal agencies. A SolarWinds product, Orion, used by about 33,000 public and private sector customers, was the focus of a large-scale attack disclosed in December 2020.

When was Solarwinds created?

SolarWinds began in 1999 in Tulsa, Oklahoma, co-founded by Donald Yonce (a former executive at Walmart) 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.

When will Solarwinds revoke certificates?

On December 17, 2020, SolarWinds said they would revoke the compromised certificates by December 21, 2020.

When did Solarwinds acquire Kiwi Enterprises?

During and after its IPO in 2009, SolarWinds acquired a number of other companies and products, including the acquisition of the New Zealand–based software maker Kiwi Enterprises, which was announced in January 2009.

Signals & Forecast

There are few to no technical positive signals at the moment. The SolarWindow Technologies, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Is SolarWindow Technologies, Inc. stock A Buy?

SolarWindow Technologies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Insiders are very negative

In the last 9 trades there were 4.2 million shares bought and 8.35 million shares sold. The last trade was done 4 917 days ago by Sierchio Joseph who bough 50 thousand shares.

About SolarWindow Technologies, Inc

SolarWindow Technologies, Inc. engages in developing electricity-generating coatings for use in building window and glass applications. The company's LiquidElectricity coatings generate electricity by harvesting light energy from natural sun, artificial light, and low, shaded, or reflected light conditions.

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Top Fintech Company

featured in The Global Fintech Index 2020 as the top Fintech company of the country.

The market did not drop because of Delta variant. Delta has been in the news for months

The market did not drop because of Delta variant. Delta has been in the news for months.

UPDATE: Last week I posted that my parents gave me 2 old stock certificates belonging to my great grandfather and my grandfather

Original: https://www.reddit.com/r/stocks/comments/oitmxh/my_parents_gave_me_my_grandfather_and_great

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