Qualys, Inc. (QLYS) Issues Earnings Results, Beats Estimates By $0.10 EPS
Qualys, Inc. (NASDAQ:QLYS) issued its quarterly earnings data on Tuesday. The software maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10, Bloomberg Earnings reports. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $59.49 million for the quarter, compared to the consensus estimate of $58.59 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. Qualys updated its Q4 guidance to $0.27-0.29 EPS.
Qualys (NASDAQ:QLYS) traded up 6.33% during trading on Wednesday, reaching $56.25. 447,065 shares of the company traded hands. The company has a market capitalization of $2.11 billion, a P/E ratio of 55.04 and a beta of 0.91. Qualys has a 52 week low of $30.60 and a 52 week high of $57.35. The firm has a 50-day moving average price of $51.85 and a 200-day moving average price of $44.85.
Several research firms have weighed in on QLYS. Needham & Company LLC increased their price target on shares of Qualys from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Northland Securities set a $48.00 price target on shares of Qualys and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Qualys in a research report on Monday, July 31st. Finally, Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Qualys currently has an average rating of “Hold” and an average target price of $50.21.
In other Qualys news, VP Bruce K. Posey sold 11,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.32, for a total transaction of $509,520.00. Following the completion of the transaction, the vice president now directly owns 34,495 shares in the company, valued at $1,597,808.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.02, for a total transaction of $90,040.00. Following the transaction, the vice president now owns 79,221 shares of the company’s stock, valued at $3,566,529.42. The disclosure for this sale can be found here. Insiders have sold 67,908 shares of company stock valued at $3,231,668 over the last 90 days. 30.20% of the stock is currently owned by company insiders.
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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