Qualys (NASDAQ:QLYS) Updates FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.810-5.910 for the period, compared to the consensus EPS estimate of 5.570. The company issued revenue guidance of $602.9 million-$605.9 million, compared to the consensus revenue estimate of $599.4 million. Qualys also updated its Q4 guidance to $1.28-1.38 EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QLYS. Jefferies Financial Group boosted their target price on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research report 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. Wedbush reduced their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Canaccord Genuity Group upped their price objective on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley increased their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Trading Down 2.6 %

Qualys stock traded down $4.15 during midday trading on Thursday, reaching $155.08. The stock had a trading volume of 967,130 shares, compared to its average volume of 444,380. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35. The company has a market capitalization of $5.71 billion, a P/E ratio of 34.16 and a beta of 0.47. The company has a fifty day moving average price of $125.52 and a two-hundred day moving average price of $136.45.

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

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s 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 transaction, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,919 shares of company stock worth $1,360,140. 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.