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SolarWinds Corporation has reported its Q3 2023 financial results, beating revenue and earnings estimates. The company offers IT systems management tools and is exploring options, including a possible sale. Revenue growth has been slow, and the company is facing an SEC lawsuit for allegedly misleading investors about a cyberattack.
Cybersecurity firm SolarWinds committed fraud and failed to maintain adequate internal controls for years, the SEC alleged in a lawsuit.
The Securities and Exchange Commission on Monday charged software company SolarWinds Corp. SWI, -1.59% and its chief information security officer with fraud and the failure to fully disclose weaknesses in the company's cybersecurity protocols. The agency alleged that from at least SolarWinds' October 2018 IPO through its December 2020 announcement that it had been hit by a large cyberattack, the company and its chief information security officer, Timothy Brown, “defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks.
SolarWinds (SWI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced it will report its financial results for the third quarter of 2023 on Thursday, November 2, 2023. The company also plans to present at an investor conference during the fourth quarter. THIRD QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the third quarter of 2023 at 7:30 a.m. CT (8:30 a.
SolarWinds Corp (NYSE:SWI ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Tim Karaca - VP, Strategic Finance and Investor Relations Sudhakar Ramakrishna - President, CEO & Director Bart Kalsu - EVP, CFO & Treasurer Conference Call Participants Sanjit Singh - Morgan Stanley Rob Oliver - Robert W. Baird Matt Hedberg - RBC Capital Markets Erik Suppiger - JMP Securities Connor Passarella - Truist Securities Jeffrey Luo - Goldman Sachs Operator Good morning and welcome to the SolarWinds Second Quarter 2023 Earnings Call.
The chief executive of US software firm SolarWinds told employees Friday that "we intend to vigorously defend ourselves" in the face of potential legal action from US regulators over the firm's handling of a sweeping 2020 breach by alleged Russian hackers, according to an internal SolarWinds email obtained by CNN.
The Department of Energy and several other federal agencies were compromised in a Russian cyber-extortion gang's global hack of a file-transfer program popular with corporations and governments, but the impact was not expected to be great, Homeland Security officials said Thursday.
AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds (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 2023 on Thursday, April 27, 2023. The company also plans to present at two investor conferences during the second quarter. FIRST QUARTER EARNINGS CALL SolarWinds will host a conference call to discuss its financial results for the first quarter of 2023 at 7:30 a.m. CT (8:30 a.