SolarWinds Corporation (NYSE: SWI) is experiencing a notable surge on the US stock charts today, climbing 14.67% to $12.66 in the latest market session. This surge follows the company’s recent inclusion in a major index.
Effective prior to the opening of trading on Friday, August 9, SolarWinds will replace SunPower Corp. in the S&P SmallCap 600. This change comes as SunPower has filed for Chapter 11 bankruptcy, thus disqualifying it from continued inclusion in the index.
Recent Recognitions and Achievements
SolarWinds has won multiple awards in the first half of 2024 for its executive leadership, solutions, and products. Notable among these are the company’s advances in multi-cloud and hybrid IT environment management. In keeping with its dedication to innovation, SolarWinds has added new AI functionality to its database, SaaS observability, and IT Service Management (ITSM) products.
It’s Next-Generation Build System initiative earned a Silver Award in the Product Development/Management Innovation of the Year category at The Globee Cybersecurity Awards. Additionally, it was shortlisted for Cloud Security Innovator of the Year at the Cloud Security Awards.
SolarWinds Observability also received recognition as a finalist for Best SaaS Product for IT Management at the Cloud SaaS Awards and was named a winner in the software category at the 2024 BIG Innovation Awards.
The Service Desk received a Gold Award from the Brandon Hall Technology Excellence Awards for Best Advance in AI for Business Impact, and the Observability platform was honored with a win for Best DevOps Tool at the SIIA CODiE Awards. Furthermore, it was shortlisted for the Big Data, Cloud & Analytics category at the IoT Global Awards.
The Stevie Awards recognized SolarWinds for its technological innovation and designated the company a Gold winner for their Software-as-a-service (SaaS) solution for IT management, which leverages AI and Observability.
Looking Ahead
In the second half of 2024, SolarWinds is still committed to improving its line of IT solutions and creating new, potent items. The company’s primary goal is to keep offering its clients an award-winning platform that efficiently handles intricate, hybrid IT systems.
