Favorable News Coverage Very Likely to Affect Qualys (QLYS) Share Price
Media headlines about Qualys (NASDAQ:QLYS) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qualys earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Head-To-Head Survey: Rally Software Development Corp (RALY) versus Qualys (QLYS) (americanbankingnews.com)
- Qualys Announces Second Quarter 2017 Financial Results (finance.yahoo.com)
- Qualys tops Street 2Q forecasts (finance.yahoo.com)
- Edited Transcript of QLYS earnings conference call or presentation 2-Aug-17 9:00pm GMT (finance.yahoo.com)
- Qualys, Inc. (QLYS) Announces Quarterly Earnings Results (americanbankingnews.com)
A number of equities research analysts have issued reports on QLYS shares. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research note on Saturday, May 6th. Robert W. Baird reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, May 3rd. Susquehanna Bancshares Inc initiated coverage on shares of Qualys in a research note on Wednesday, June 7th. They set a “neutral” rating and a $45.00 target price on the stock. Imperial Capital boosted their price objective on shares of Qualys from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating and set a $50.00 price objective (up previously from $45.00) on shares of Qualys in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.92.
Shares of Qualys (QLYS) traded up 13.59% during mid-day trading on Thursday, reaching $46.40. 867,095 shares of the company traded hands. The firm has a 50-day moving average price of $41.29 and a 200 day moving average price of $38.55. Qualys has a 52 week low of $30.00 and a 52 week high of $47.50. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 49.89 and a beta of 0.93.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. Qualys had a return on equity of 14.57% and a net margin of 17.76%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, analysts anticipate that Qualys will post $0.85 earnings per share for the current year.
In other news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $42.51, for a total value of $85,020.00. Following the completion of the transaction, the vice president now owns 81,353 shares in the company, valued at approximately $3,458,316.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sumedh S. Thakar sold 4,119 shares of Qualys stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $40.87, for a total value of $168,343.53. Following the completion of the transaction, the insider now owns 140,950 shares of the company’s stock, valued at approximately $5,760,626.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,719 shares of company stock worth $482,662 over the last 90 days. 30.20% of the stock is owned by company insiders.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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