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Qualys (NASDAQ:QLYS)’s share price fell 10.4% during trading on Wednesday after TheStreet downgraded the stock from a hold rating to a sell rating, American Banking and Market News reports. The company traded as low as $18.43 and last traded at $18.72, with a volume of 227,588 shares. The stock had previously closed at $20.90.

Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Qualys in a research note on Wednesday. They now have a $29.00 price target on the stock, down previously from $33.00. They noted that the move was a valuation call. Separately, analysts at Sterne Agee cut their price target on shares of Qualys to $25.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Topeka Capital Markets cut their price target on shares of Qualys from $26.00 to $23.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Qualys currently has a consensus rating of “Hold” and a consensus target price of $24.12.

In other Qualys news, CFO Donald Mccauley sold 10,250 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $19.99, for a total value of $204,897.50. Following the sale, the chief financial officer now directly owns 36,999 shares in the company, valued at approximately $739,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The stock has a 50-day moving average of $22.78 and a 200-day moving average of $24.3. The company has a market cap of $652.9 million and a price-to-earnings ratio of 418.00.

Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $29.59 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Qualys will post $0.25 earnings per share for the current fiscal year.

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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