Qualys (QLYS) Releases FY18 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.39-1.44 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $275.5-278.5 million, compared to the consensus revenue estimate of $267.65 million.Qualys also updated its Q1 guidance to $0.32-0.34 EPS.

Several analysts have commented on the company. Northland Securities set a $48.00 price objective on Qualys and gave the company a buy rating in a research note on Wednesday, October 18th. Needham & Company LLC reaffirmed a buy rating and set a $70.00 price objective (up from $65.00) on shares of Qualys in a research note on Wednesday, November 1st. BidaskClub downgraded Qualys from a strong-buy rating to a buy rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded Qualys from a buy rating to a hold rating in a research note on Thursday, January 4th. Finally, KeyCorp reaffirmed a hold rating on shares of Qualys in a research note on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Qualys has an average rating of Hold and a consensus price target of $56.33.

Qualys (NASDAQ QLYS) traded up $2.70 during midday trading on Monday, reaching $62.60. The company’s stock had a trading volume of 793,821 shares, compared to its average volume of 214,321. Qualys has a 52 week low of $33.75 and a 52 week high of $65.25. The firm has a market cap of $2,271.38, a PE ratio of 54.45, a price-to-earnings-growth ratio of 4.80 and a beta of 1.02.

In other Qualys news, Chairman Philippe F. Courtot sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $57.78, for a total transaction of $2,311,200.00. Following the transaction, the chairman now owns 5,564,435 shares in the company, valued at approximately $321,513,054.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $63.39, for a total value of $126,780.00. Following the transaction, the insider now owns 198,340 shares in the company, valued at approximately $12,572,772.60. The disclosure for this sale can be found here. Insiders have sold a total of 405,222 shares of company stock worth $24,020,313 in the last quarter. 20.90% of the stock is currently owned by insiders.

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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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