Wall Street brokerages forecast that Qualys Inc (NASDAQ:QLYS) will post earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Seven analysts have provided estimates for Qualys’ earnings, with estimates ranging from $0.28 to $0.29. Qualys reported earnings per share of $0.23 during the same quarter last year, which would indicate a positive year over year growth rate of 21.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Qualys will report full year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.06. For the next financial year, analysts forecast that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ EPS averages are an average based on a survey of research analysts that cover Qualys.

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

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Thursday. Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Wells Fargo & Co set a $52.00 target price on Qualys and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Qualys in a report on Friday, October 27th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Qualys has an average rating of “Hold” and a consensus target price of $54.85.

In other news, Chairman Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $56.01, for a total transaction of $1,120,200.00. Following the completion of the transaction, the chairman now directly owns 5,544,435 shares in the company, valued at $310,543,804.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total value of $106,000.00. Following the completion of the transaction, the insider now owns 124,051 shares of the company’s stock, valued at $6,574,703. The disclosure for this sale can be found here. In the last ninety days, insiders sold 555,916 shares of company stock valued at $32,501,966. Insiders own 20.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in 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 during the last quarter. Neuberger Berman Group LLC increased its position in shares of Qualys by 23.8% during the third quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock worth $145,164,000 after purchasing an additional 538,305 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Qualys by 2.9% during the second quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after purchasing an additional 45,421 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Qualys by 11.5% during the second quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock worth $41,738,000 after purchasing an additional 105,100 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of Qualys during the second quarter worth about $41,523,000. Hedge funds and other institutional investors own 75.34% of the company’s stock.

Shares of Qualys (QLYS) traded up $0.70 on Thursday, hitting $61.80. The stock had a trading volume of 221,500 shares, compared to its average volume of 238,800. Qualys has a 1 year low of $32.33 and a 1 year high of $62.35. The stock has a market capitalization of $2,390.00, a P/E ratio of 55.68, a price-to-earnings-growth ratio of 4.90 and a beta of 0.88.

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About Qualys

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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