Qualys (NASDAQ:QLYS) Releases Q2 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.27-1.35 for the period, compared to the consensus estimate of $1.30. The company issued revenue guidance of $147.5-149.5 million, compared to the consensus revenue estimate of $150.23 million. Qualys also updated its FY24 guidance to $5.06-5.30 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have commented on QLYS shares. Wedbush cut their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a research report on Thursday, February 8th. Truist Financial reduced their price objective on shares of Qualys from $175.00 to $165.00 and set a hold rating for the company in a research note on Wednesday. Robert W. Baird dropped their target price on Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a research report on Wednesday. Stephens reissued an equal weight rating and issued a $190.00 price target on shares of Qualys in a research report on Thursday, February 8th. Finally, Royal Bank of Canada dropped their price objective on Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $162.23.

Qualys Stock Performance

QLYS stock traded up $2.12 during trading on Thursday, reaching $151.87. The company had a trading volume of 550,545 shares, compared to its average volume of 472,215. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 37.07 and a beta of 0.51. Qualys has a twelve month low of $113.00 and a twelve month high of $206.35. The firm has a 50-day simple moving average of $166.59 and a 200-day simple moving average of $175.87.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The business had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. Sell-side analysts expect that Qualys will post 3.35 earnings per share for the current year.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares of the company’s stock, valued at approximately $10,398,729.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Joo Mi Kim sold 928 shares of Qualys stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the completion of the transaction, the chief financial officer now directly owns 93,196 shares in the company, valued at $15,654,132.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares of the company’s stock, valued at $10,398,729.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,590 shares of company stock valued at $2,419,842. 1.00% of the stock is owned by company insiders.

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.