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Fly News Breaks for December 12, 2019
SWI
Dec 12, 2019 | 05:19 EDT
After attending the company's analyst day, Jefferies analyst Brent Thill says SolarWinds remains a "rare story in software" with low teens sales growth combined with 40%-plus operating margins. While nothing changed his fundamental view on the company at the analyst day, he believes the EBITDA margin deceleration of 200 basis points in the 2020 guidance is likely a reflection of increased competition in the cloud infrastructure space. Thill keeps a Buy rating on SolarWinds with a $22 price target.