Qualys, Inc. (QLYS) Issues Q4 Earnings Guidance
Qualys, Inc. (NASDAQ:QLYS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.27-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $61.7-62.2 million, compared to the consensus revenue estimate of $60.50 million.
Qualys, Inc. (QLYS) traded up 1.44% during midday trading on Tuesday, hitting $52.90. 277,995 shares of the stock were exchanged. The stock has a market cap of $1.98 billion, a P/E ratio of 51.76 and a beta of 0.90. Qualys, Inc. has a one year low of $30.60 and a one year high of $54.15. The firm has a 50-day moving average price of $51.81 and a 200-day moving average price of $44.79.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The company had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. Qualys’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. On average, equities research analysts anticipate that Qualys, Inc. will post $0.90 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. BidaskClub downgraded Qualys from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Qualys from a hold rating to a buy rating and set a $47.00 price target for the company in a research note on Thursday, July 20th. Monness Crespi & Hardt assumed coverage on Qualys in a research note on Monday, July 10th. They set a neutral rating for the company. KeyCorp reaffirmed a hold rating on shares of Qualys in a research note on Friday. 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 research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $47.17.
In related news, 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 value of $538,560.00. Following the completion of the transaction, the director now owns 35,155 shares of the company’s stock, valued at approximately $1,577,756.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $115,250.00. Following the completion of the transaction, the director now directly owns 8,655 shares of the company’s stock, valued at approximately $398,995.50. 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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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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