Qualys (NASDAQ:QLYS) Issues Q4 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.280-1.380 for the period, compared to the consensus estimate of 1.280. The company issued revenue guidance of $154.5 million-$157.5 million, compared to the consensus revenue estimate of $154.1 million. Qualys also updated its FY 2024 guidance to 5.810-5.910 EPS.

Analyst Ratings Changes

QLYS has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday. DA Davidson lifted their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Northland Securities reiterated a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Stock Performance

Shares of QLYS stock traded down $1.38 during trading hours on Friday, reaching $153.70. The company had a trading volume of 61,153 shares, compared to its average volume of 442,614. The business has a fifty day moving average price of $125.52 and a 200-day moving average price of $136.45. Qualys has a one year low of $119.17 and a one year high of $206.35. The firm has a market cap of $5.66 billion, a PE ratio of 34.16 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates 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 29.36% and a return on equity of 44.80%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. Equities research analysts forecast that Qualys will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,919 shares of company stock valued at $1,360,140. Insiders own 1.00% of the company’s stock.

About Qualys

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.