Jefferies maintains its Buy rating on SolarWinds SWI and raises its price target to $42 from $33 on strong Q4 results.
Jefferies notes, "SWI's strong 4Q was based on balanced contribution in all product areas and geographies. Initial progress was also seen with the company's refined focus on product expansion into its installed base. Recent acquisitions contribute a majority of the CY12 revenue raise, which should allow international growth and continued installed base product expansion to support additional outperformance."
SWI closed at $36.03 a share yesterday.
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