Qualys (NASDAQ:QLYS) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.32-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.26. The company issued revenue guidance of $63.4-64.1 million, compared to the consensus revenue estimate of $62.78 million.Qualys also updated its FY18 guidance to $1.39-1.44 EPS.
Shares of Qualys (NASDAQ QLYS) traded up $2.70 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 one year low of $33.75 and a one year high of $65.25. The firm has a market capitalization of $2,271.38, a price-to-earnings ratio of 54.45, a P/E/G ratio of 4.80 and a beta of 1.02.
QLYS has been the topic of several research analyst reports. Zacks Investment Research raised Qualys from a hold rating to a buy rating and set a $64.00 price objective on the stock in a report on Saturday, November 4th. Northland Securities set a $48.00 target price on Qualys and gave the company a buy rating in a research report on Wednesday, October 18th. Wells Fargo & Co set a $52.00 target price on Qualys and gave the company a hold rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Qualys from an overweight rating to a neutral rating and set a $65.00 target price on the stock. in a research report on Tuesday, December 12th. Finally, Needham & Company LLC began coverage on Qualys in a research report on Monday, October 23rd. They issued a buy rating and a $65.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $56.33.
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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