Qualys PT Raised to $30.00 (QLYS)
Analysts at Pacific Crest raised their price objective on shares of Qualys (NASDAQ:QLYS) from $23.00 to $30.00 in a research report issued to clients and investors on Friday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Pacific Crest’s target price would suggest a potential upside of 18.81% from the company’s current price.
In other Qualys news, VP Peter Albert unloaded 10,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.03, for a total transaction of $250,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Qualys (NASDAQ:QLYS) opened at 25.25 on Friday. Qualys has a 52-week low of $10.15 and a 52-week high of $26.98. The stock has a 50-day moving average of $23.87 and a 200-day moving average of $20.52. The company has a market cap of $814.3 million and a P/E ratio of 333.16.
Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.03. The company had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.46 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts expect that Qualys will post $0.20 EPS for the current fiscal year.
A number of other firms have also recently commented on QLYS. Analysts at BMO Capital Markets initiated coverage on shares of Qualys in a research note to investors on Thursday, December 19th. They set a “market perform” rating and a $25.00 price target on the stock. Separately, analysts at JMP Securities raised their price target on shares of Qualys from $18.00 to $27.00 in a research note to investors on Tuesday, November 5th. They now have a “market outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Qualys from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, October 18th. They now have a $24.00 price target on the stock, up previously from $20.00. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Qualys has a consensus rating of “Buy” and a consensus target price of $22.70.
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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