Qualys (QLYS) Projected to Post Quarterly Earnings on Thursday

Qualys (NASDAQ:QLYS) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Qualys to post earnings of $1.35 per share and revenue of $156.27 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 earnings per share. On average, analysts expect Qualys to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Stock Up 1.2 %

Shares of QLYS stock opened at $143.43 on Wednesday. The stock’s 50-day moving average price is $143.87 and its 200 day moving average price is $135.59. The stock has a market capitalization of $5.25 billion, a PE ratio of 31.59 and a beta of 0.56. Qualys has a 52-week low of $119.17 and a 52-week high of $184.04.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upped their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. DA Davidson upped their price objective on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Qualys in a report on Wednesday, November 6th. They issued a “hold” rating on the stock. Morgan Stanley increased their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Qualys currently has a consensus rating of “Hold” and an average price target of $152.80.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at $30,321,173.97. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the completion of the transaction, the insider now directly owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. This represents a 1.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,259 shares of company stock worth $4,578,153. Insiders own 1.00% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.