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Qualys (NASDAQ:QLYS) was downgraded by research analysts at Pacific Crest from an “outperform” rating to a “sector perform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $30.00 price objective on the stock. Pacific Crest’s price target suggests a potential upside of 4.57% from the company’s current price.

Shares of Qualys (NASDAQ:QLYS) traded up 3.24% during mid-day trading on Tuesday, hitting $29.62. 1,617,770 shares of the company’s stock traded hands. Qualys has a 1-year low of $10.15 and a 1-year high of $29.62. The stock has a 50-day moving average of $26.4 and a 200-day moving average of $22.38. The company has a market cap of $955.3 million and a price-to-earnings ratio of 377.50.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $29.00 million for the quarter, compared to the consensus estimate of $28.89 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts predict that Qualys will post $0.29 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee initiated coverage on shares of Qualys in a research note on Tuesday, February 4th. They set a “neutral” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Qualys from $24.00 to $30.00 in a research note on Wednesday, January 15th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Qualys in a research note on Thursday, December 19th. They set a “market perform” rating and a $25.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.60.

In other Qualys news, VP Sumedh S. Thakar sold 1,200 shares of the stock on the open market in a transaction dated Friday, February 7th. The shares were sold at an average price of $27.64, for a total transaction of $33,168.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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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