Qualys (NASDAQ:QLYS) Releases Q4 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.28-1.38 for the period, compared to the consensus EPS estimate of $1.29. The company issued revenue guidance of $154.5-157.5 million, compared to the consensus revenue estimate of $154.19 million. Qualys also updated its FY 2024 guidance to 5.810-5.910 EPS.

Analyst Ratings Changes

QLYS has been the topic of several analyst reports. Royal Bank of Canada raised their target price on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday. They set a “hold” rating on the stock. TD Cowen upped their price objective on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday. Wedbush decreased their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Securities reiterated a “market perform” rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Qualys currently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Stock Performance

Shares of NASDAQ QLYS traded up $31.00 during mid-day trading on Wednesday, reaching $159.23. The company had a trading volume of 2,996,960 shares, compared to its average volume of 441,907. The stock has a fifty day moving average of $124.93 and a two-hundred day moving average of $136.32. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 35.07 and a beta of 0.47. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Sell-side analysts forecast that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock valued at $1,360,140 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.