Qualys (NASDAQ:QLYS) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Qualys (NASDAQ:QLYS) posted its quarterly earnings data on Tuesday. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20, Briefing.com reports. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share.

Qualys Price Performance

Shares of QLYS traded down $11.76 during trading hours on Wednesday, hitting $125.34. The stock had a trading volume of 1,479,909 shares, compared to its average volume of 456,285. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 29.01 and a beta of 0.49. The company’s fifty day moving average is $140.22 and its two-hundred day moving average is $157.32. Qualys has a 52 week low of $121.64 and a 52 week high of $206.35.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Qualys news, Director Wendy Pfeiffer sold 2,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $145.72, for a total transaction of $291,440.00. Following the sale, the director now owns 8,490 shares of the company’s stock, valued at approximately $1,237,162.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the completion of the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The disclosure for this sale can be found here. Insiders sold 29,715 shares of company stock valued at $4,142,951 in the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Wednesday. Northland Securities reiterated a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday. Truist Financial decreased their price target on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, TD Cowen decreased their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $149.92.

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.