Qualys’s “Hold” Rating Reaffirmed at Credit Suisse (QLYS)
Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating restated by equities researchers at Credit Suisse in a research report issued on Friday, American Banking News reports. They currently have a $17.00 price objective on the stock. Credit Suisse’s price target indicates a potential downside of 17.95% from the stock’s previous close.
Qualys (NASDAQ:QLYS) traded up 2.94% during mid-day trading on Friday, hitting $21.33. 138,877 shares of the company’s stock traded hands. Qualys has a one year low of $10.15 and a one year high of $23.21. The stock’s 50-day moving average is $18.95 and its 200-day moving average is $14.70. The company has a market cap of $682.5 million and a P/E ratio of 283.84.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $26.30 million for the quarter, compared to the consensus estimate of $26.14 million. During the same quarter last year, the company posted $0.02 earnings per share. Qualys’s revenue was up 18.5% compared to the same quarter last year. On average, analysts predict that Qualys will post $0.19 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush raised their price target on shares of Qualys (NASDAQ:QLYS) from $20.00 to $23.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Qualys (NASDAQ:QLYS) in a research note to investors on Thursday, September 5th. They set an “equal weight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Qualys (NASDAQ:QLYS) from $18.00 to $20.00 in a research note to investors on Tuesday, August 6th. They now have an “outperform” rating on the stock.
Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Qualys presently has an average rating of “Buy” and a consensus price target of $19.29.
In other Qualys news, CEO Philippe F. Courtot unloaded 9,054 shares of Qualys stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $23.08, for a total transaction of $208,966.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Qualys, Inc (NASDAQ:QLYS) is a provider of clouds security and compliance solutions that enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber attacks and achieve compliance with internal policies and external regulations.
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