Zacks Investment Research upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a report published on Thursday, Zacks.com reports. They currently have $100.00 price objective on the software maker’s stock.
According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “
A number of other equities analysts have also weighed in on the company. Royal Bank of Canada set a $42.00 price objective on Devon Energy and gave the stock a hold rating in a research note on Thursday, May 2nd. Morgan Stanley upped their price objective on Zynga and gave the stock an overweight rating in a research note on Thursday, May 2nd. FBN Securities began coverage on Qualys in a research note on Monday, July 15th. They issued an outperform rating and a $100.00 price objective for the company. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. Finally, JMP Securities upped their price objective on Qualys from $85.00 to $100.00 and gave the stock a market outperform rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Qualys currently has a consensus rating of Hold and a consensus target price of $94.29.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The company had revenue of $75.34 million for the quarter, compared to the consensus estimate of $74.92 million. Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. As a group, research analysts forecast that Qualys will post 1.34 EPS for the current year.
In related news, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $87.22, for a total value of $130,830.00. Following the sale, the chief financial officer now directly owns 150,629 shares in the company, valued at $13,137,861.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Bruce K. Posey sold 3,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $87.27, for a total value of $261,810.00. Following the completion of the sale, the vice president now owns 62,972 shares in the company, valued at $5,495,566.44. The disclosure for this sale can be found here. Insiders sold 57,497 shares of company stock worth $5,060,930 over the last quarter. 17.30% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of QLYS. William Blair Investment Management LLC purchased a new stake in shares of Qualys in the first quarter worth about $59,574,000. Norges Bank purchased a new stake in Qualys during the fourth quarter valued at approximately $31,678,000. Fiera Capital Corp raised its position in Qualys by 31.4% during the first quarter. Fiera Capital Corp now owns 603,579 shares of the software maker’s stock valued at $49,940,000 after purchasing an additional 144,394 shares during the period. Clearbridge Investments LLC raised its position in Qualys by 9.7% during the first quarter. Clearbridge Investments LLC now owns 1,155,411 shares of the software maker’s stock valued at $95,599,000 after purchasing an additional 102,395 shares during the period. Finally, Scout Investments Inc. purchased a new stake in Qualys during the second quarter valued at approximately $7,055,000. Institutional investors own 85.17% of the company’s stock.
Qualys Company Profile
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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