Qualys (NASDAQ:QLYS) Issues FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.060-5.300 for the period, compared to the consensus estimate of 5.180. The company issued revenue guidance of $601.5 million-$608.5 million, compared to the consensus revenue estimate of $607.5 million. Qualys also updated its Q2 2024 guidance to 1.270-1.350 EPS.

Analyst Ratings Changes

A number of analysts have recently weighed in on QLYS shares. Truist Financial dropped their price target on Qualys from $175.00 to $165.00 and set a hold rating on the stock in a research report on Wednesday. StockNews.com lowered Qualys from a buy rating to a hold rating in a research report on Sunday, April 21st. TD Cowen started coverage on shares of Qualys in a report on Tuesday, March 26th. They set a market perform rating and a $170.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Qualys from $146.00 to $152.00 and gave the company an underweight rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $162.23.

Qualys Stock Up 1.4 %

Shares of Qualys stock traded up $2.12 during trading on Thursday, hitting $151.87. The stock had a trading volume of 550,545 shares, compared to its average volume of 472,215. Qualys has a 1 year low of $113.00 and a 1 year high of $206.35. The stock has a 50 day simple moving average of $166.19 and a 200 day simple moving average of $175.70. The company has a market capitalization of $5.61 billion, a PE ratio of 37.59 and a beta of 0.51.

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

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the transaction, the chief executive officer now directly owns 194,481 shares in the company, valued at approximately $32,598,905.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the sale, the chief executive officer now directly owns 193,608 shares in the company, valued at $31,743,967.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 4,120 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the transaction, the chief executive officer now owns 194,481 shares in the company, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Insiders sold 14,590 shares of company stock valued at $2,419,842 over the last three months. 1.00% of the stock is owned by corporate 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.