Qualys Inc (QLYS) Expected to Post Earnings of $0.28 Per Share

Equities research analysts expect Qualys Inc (NASDAQ:QLYS) to report earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Qualys’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Qualys posted earnings of $0.23 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 21.7%. The company is expected to report its next earnings report after the market closes on Monday, February 12th.

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 anticipate that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.10 to $1.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Qualys.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The company 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 firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share.

A number of research firms recently commented on QLYS. Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Qualys in a research note on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Qualys in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research note on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Qualys in a research note on Wednesday, November 1st. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Qualys has a consensus rating of “Hold” and a consensus target price of $54.85.

In other Qualys news, insider Sumedh S. Thakar sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.05, for a total value of $825,750.00. Following the transaction, the insider now directly owns 211,346 shares of the company’s stock, valued at $11,634,597.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amer Deeba sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.15, for a total value of $661,800.00. Following the completion of the transaction, the vice president now directly owns 77,777 shares in the company, valued at $4,289,401.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 557,916 shares of company stock worth $32,644,046. Insiders own 20.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Pier 88 Investment Partners LLC raised its position in shares of Qualys by 62.8% during the third quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after purchasing an additional 4,100 shares during the period. State Street Corp raised its position in shares of Qualys by 12.9% during the second quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after purchasing an additional 82,251 shares during the period. Prudential Financial Inc. raised its position in shares of Qualys by 3.8% during the third quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after purchasing an additional 1,920 shares during the period. Wells Fargo & Company MN raised its position in shares of Qualys by 2.7% during the second quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock worth $7,164,000 after purchasing an additional 4,622 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Qualys by 24.8% during the second quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 10,083 shares during the period. 75.34% of the stock is currently owned by institutional investors.

Qualys (NASDAQ QLYS) opened at $64.35 on Friday. The company has a market capitalization of $2,440.15, a P/E ratio of 58.50, a P/E/G ratio of 5.16 and a beta of 0.88. Qualys has a 12 month low of $32.40 and a 12 month high of $65.25.

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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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