Qualys, Inc. (QLYS) to Release Quarterly Earnings on Wednesday
Qualys, Inc. (NASDAQ:QLYS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Qualys has set its Q3 guidance at $0.21-0.23 EPS and its FY17 guidance at $0.87-0.91 EPS.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $54.87 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts expect Qualys to post $0.54 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Qualys, Inc. (QLYS) opened at 52.00 on Wednesday. Qualys, Inc. has a 12-month low of $30.60 and a 12-month high of $54.15. The stock’s 50 day moving average is $51.50 and its 200-day moving average is $44.33. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 50.88 and a beta of 0.91.
In related news, Director Jeffrey P. Hank sold 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $46.10, for a total value of $115,250.00. Following the completion of the transaction, the director now owns 8,655 shares of the company’s stock, valued at approximately $398,995.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Pace sold 12,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $44.88, for a total transaction of $538,560.00. Following the completion of the transaction, the director now directly owns 35,155 shares of the company’s stock, valued at approximately $1,577,756.40. The disclosure for this sale can be found here. Insiders sold a total of 67,908 shares of company stock valued at $3,231,668 in the last three months. 30.20% of the stock is currently owned by corporate insiders.
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QLYS has been the subject of several research reports. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Wednesday, July 5th. Monness Crespi & Hardt initiated coverage on Qualys in a research note on Monday, July 10th. They set a “neutral” rating for the company. BidaskClub raised Qualys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target (up previously from $45.00) on shares of Qualys in a research note on Thursday, July 20th. Finally, Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Qualys currently has an average rating of “Hold” and a consensus price target of $47.17.
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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