Equities research analysts expect that Qualys, Inc. (NASDAQ:QLYS) will post sales of $61.98 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Qualys’ earnings. The highest sales estimate is $62.20 million and the lowest is $61.80 million. Qualys posted sales of $52.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.7%. The firm is scheduled to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Qualys will report full-year sales of $61.98 million for the current financial year, with estimates ranging from $229.80 million to $230.11 million. For the next financial year, analysts forecast that the firm will report sales of $268.75 million per share, with estimates ranging from $265.00 million to $272.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Qualys.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. During the same period in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 16.7% on a year-over-year basis.

QLYS has been the subject of several research reports. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Saturday, November 4th. Morgan Stanley lowered shares of Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a report on Tuesday, October 10th. Northland Securities set a $48.00 price target on shares of Qualys and gave the company a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Company set a $52.00 price target on shares of Qualys and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co lifted their price target on shares of Qualys from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.36.

In other Qualys news, Director Donald R. Dixon sold 91,479 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total transaction of $5,478,677.31. Following the completion of the transaction, the director now directly owns 114,064 shares of the company’s stock, valued at approximately $6,831,292.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philippe F. Courtot sold 20,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $61.54, for a total transaction of $1,230,800.00. Following the transaction, the chief executive officer now directly owns 5,564,435 shares of the company’s stock, valued at $342,435,329.90. The disclosure for this sale can be found here. Insiders have sold a total of 575,916 shares of company stock valued at $33,474,446 over the last three months. 20.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in QLYS. ETF Managers Group LLC bought a new stake in shares of Qualys during the 2nd quarter worth about $41,523,000. Neuberger Berman Group LLC raised its position in shares of Qualys by 23.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock worth $145,164,000 after buying an additional 538,305 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Qualys by 307.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 430,000 shares of the software maker’s stock worth $18,060,000 after buying an additional 324,500 shares in the last quarter. BlackRock Inc. raised its position in shares of Qualys by 7.3% during the 2nd quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock worth $147,317,000 after buying an additional 245,550 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Qualys by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 1,544,215 shares of the software maker’s stock worth $58,527,000 after buying an additional 115,150 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

Qualys (QLYS) opened at $58.75 on Friday. Qualys has a fifty-two week low of $30.60 and a fifty-two week high of $62.35. The company has a market cap of $2,233.46, a PE ratio of 53.54, a PEG ratio of 5.30 and a beta of 0.87.

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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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Earnings History and Estimates for Qualys (NASDAQ:QLYS)

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