Qualys (NASDAQ:QLYS) Releases Q4 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.28-1.38 for the period, compared to the consensus earnings per share estimate of $1.29. The company issued revenue guidance of $154.5-157.5 million, compared to the consensus revenue estimate of $154.19 million. Qualys also updated its FY 2024 guidance to 5.810-5.910 EPS.

Qualys Price Performance

Shares of NASDAQ:QLYS traded down $2.86 during trading on Friday, reaching $152.22. The company had a trading volume of 74,303 shares, compared to its average volume of 442,674. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The stock’s fifty day moving average price is $125.52 and its 200 day moving average price is $136.45.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. On average, equities analysts anticipate that Qualys will post 3.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on QLYS. Canaccord Genuity Group lifted their price target on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler decreased their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Needham & Company LLC assumed coverage on shares of Qualys in a research note on Wednesday. They set a “hold” rating for the company. Wedbush decreased their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group raised their price objective on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average price target of $152.80.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock valued at $1,360,140 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.