Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.810-5.910 for the period, compared to the consensus EPS estimate of 5.570. The company issued revenue guidance of $602.9 million-$605.9 million, compared to the consensus revenue estimate of $599.4 million. Qualys also updated its Q4 guidance to $1.28-1.38 EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QLYS. Royal Bank of Canada upped their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Jefferies Financial Group increased their price target on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday. TD Cowen boosted their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Needham & Company LLC assumed coverage on Qualys in a report on Wednesday. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

Shares of QLYS stock traded down $1.38 during trading hours on Friday, reaching $153.70. The company had a trading volume of 61,153 shares, compared to its average volume of 442,614. The business has a fifty day simple moving average of $125.52 and a 200-day simple moving average of $136.45. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. On average, equities research analysts expect that Qualys will post 3.94 earnings per share for the current year.

Insider Buying and Selling at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the transaction, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,919 shares of company stock worth $1,360,140. Insiders own 1.00% of the company’s stock.

About Qualys

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.