Analysts Anticipate Qualys, Inc. (QLYS) Will Announce Quarterly Sales of $58.60 Million
Wall Street brokerages expect that Qualys, Inc. (NASDAQ:QLYS) will report sales of $58.60 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Qualys’ earnings, with the lowest sales estimate coming in at $58.40 million and the highest estimate coming in at $58.80 million. Qualys reported sales of $50.99 million in the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The firm is expected to announce its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Qualys will report full year sales of $58.60 million for the current year, with estimates ranging from $227.49 million to $228.28 million. For the next fiscal year, analysts anticipate that the firm will post sales of $264.33 million per share, with estimates ranging from $258.08 million to $270.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The business had revenue of $55.30 million for the quarter, compared to the consensus estimate of $54.87 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis.
A number of brokerages have issued reports on QLYS. Imperial Capital reissued an “outperform” rating and issued a $50.00 price target (up from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised Qualys from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $55.00 in a research note on Thursday, August 3rd. Zacks Investment Research lowered Qualys from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $45.00 price target on shares of Qualys in a research note on Monday, July 31st. Finally, Robert W. Baird set a $42.00 price target on Qualys and gave the stock a “hold” rating in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.25.
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In other news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.51, for a total value of $85,020.00. Following the transaction, the vice president now directly owns 81,353 shares of the company’s stock, valued at approximately $3,458,316.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sumedh S. Thakar sold 1,800 shares of Qualys stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $40.67, for a total value of $73,206.00. Following the completion of the transaction, the insider now directly owns 138,631 shares in the company, valued at $5,638,122.77. The disclosure for this sale can be found here. Insiders sold a total of 47,508 shares of company stock worth $2,137,306 over the last ninety days. Corporate insiders own 30.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Qualys during the second quarter valued at approximately $103,000. Ameritas Investment Partners Inc. increased its stake in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after buying an additional 150 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock valued at $129,000 after buying an additional 2,360 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after buying an additional 3,061 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.
Shares of Qualys (NASDAQ:QLYS) traded up 1.52% during midday trading on Wednesday, hitting $46.90. 95,875 shares of the stock traded hands. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 45.89 and a beta of 0.93. The company’s 50 day moving average price is $43.43 and its 200-day moving average price is $39.73. Qualys has a 12-month low of $30.60 and a 12-month high of $47.50.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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