Qualys (NASDAQ:QLYS) Updates Q1 2020 After-Hours Earnings Guidance

Qualys (NASDAQ:QLYS) updated its first quarter 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 0.60-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.57. The company issued revenue guidance of $85.7-86.4 million, compared to the consensus revenue estimate of $86.19 million.Qualys also updated its FY 2020
After-Hours guidance to 2.57-2.62 EPS.

A number of brokerages have recently commented on QLYS. Needham & Company LLC reaffirmed a buy rating and issued a $105.00 price target on shares of Qualys in a research note on Thursday, November 21st. ValuEngine cut Qualys from a buy rating to a hold rating in a research note on Thursday. Rosenblatt Securities reaffirmed a hold rating and issued a $93.00 price target on shares of Qualys in a research note on Thursday. Royal Bank of Canada reaffirmed a hold rating and issued a $90.00 price target on shares of Qualys in a research note on Sunday, February 9th. Finally, BidaskClub raised Qualys from a sell rating to a hold rating in a research note on Friday, January 24th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Qualys has an average rating of Hold and a consensus price target of $95.69.

Shares of QLYS traded up $2.36 on Friday, hitting $92.44. The company’s stock had a trading volume of 408,136 shares, compared to its average volume of 296,254. The firm’s fifty day moving average price is $85.73 and its 200-day moving average price is $83.11. Qualys has a fifty-two week low of $72.76 and a fifty-two week high of $95.99. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 60.42 and a beta of 1.36.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.23. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The business had revenue of $84.70 million during the quarter, compared to analyst estimates of $84.68 million. During the same period in the previous year, the firm earned $0.51 EPS. Qualys’s quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts expect that Qualys will post 1.64 EPS for the current year.

In other Qualys news, insider Sumedh S. Thakar sold 7,208 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $89.26, for a total transaction of $643,386.08. Following the completion of the transaction, the insider now owns 214,020 shares of the company’s stock, valued at approximately $19,103,425.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $83.86, for a total value of $83,860.00. Following the transaction, the vice president now directly owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,086 shares of company stock valued at $2,407,427. Insiders own 17.30% of the company’s stock.

About Qualys

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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