Qualys (NASDAQ:QLYS) Releases FY24 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.06-5.30 for the period, compared to the consensus earnings per share estimate of $5.20. The company issued revenue guidance of $601.5-608.5 million, compared to the consensus revenue estimate of $607.34 million. Qualys also updated its Q2 guidance to $1.27-1.35 EPS.

Wall Street Analyst Weigh In

QLYS has been the subject of a number of research reports. Scotiabank began coverage on shares of Qualys in a report on Friday, April 26th. They set a sector perform rating and a $172.00 target price for the company. Royal Bank of Canada decreased their target price on Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an underweight rating in a research report on Thursday, February 8th. Stephens reissued an equal weight rating and issued a $190.00 price target on shares of Qualys in a report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Qualys from a buy rating to a hold rating in a report on Sunday, April 21st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $157.62.

Qualys Price Performance

Shares of QLYS traded down $4.21 during mid-day trading on Tuesday, reaching $165.98. The stock had a trading volume of 813,941 shares, compared to its average volume of 456,656. Qualys has a 52-week low of $112.17 and a 52-week high of $206.35. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 41.08 and a beta of 0.51. The business’s fifty day moving average is $166.95 and its 200 day moving average is $175.98.

Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.26. The company had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. As a group, sell-side analysts anticipate that Qualys will post 3.35 EPS for the current fiscal year.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 723 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the transaction, the chief financial officer now owns 100,289 shares of the company’s stock, valued at approximately $16,523,615.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Qualys news, CEO Sumedh S. Thakar sold 4,120 shares of Qualys stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the sale, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 723 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the transaction, the chief financial officer now directly owns 100,289 shares in the company, valued at $16,523,615.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,662 shares of company stock worth $2,263,965. Company insiders own 1.00% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.