$58.60 Million in Sales Expected for Qualys, Inc. (QLYS) This Quarter
Brokerages expect Qualys, Inc. (NASDAQ:QLYS) to report $58.60 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Qualys’ earnings. The highest sales estimate is $58.80 million and the lowest is $58.40 million. Qualys posted sales of $50.99 million in the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The firm is expected to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Qualys will report full year sales of $58.60 million for the current year, with estimates ranging from $227.49 million to $228.28 million. For the next financial year, analysts anticipate that the firm will report sales of $264.33 million per share, with estimates ranging from $258.08 million to $270.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. The business had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share.
Several brokerages have recently commented on QLYS. Imperial Capital restated an “outperform” rating and issued a $50.00 target price (up from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. J P Morgan Chase & Co upgraded Qualys from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $55.00 in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Qualys from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $45.00 price target on shares of Qualys in a research report on Monday, July 31st. Finally, Robert W. Baird set a $42.00 price target on shares of Qualys and gave the company a “hold” rating in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.45.
Shares of Qualys (QLYS) opened at 51.30 on Friday. The company has a market capitalization of $1.92 billion, a P/E ratio of 50.20 and a beta of 0.89. The firm has a 50-day moving average of $46.35 and a 200 day moving average of $41.07. Qualys has a 1-year low of $30.61 and a 1-year high of $51.95.
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In related news, VP Bruce K. Posey sold 11,000 shares of Qualys stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $46.32, for a total value of $509,520.00. Following the completion of the transaction, the vice president now directly owns 34,495 shares in the company, valued at approximately $1,597,808.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $40.21, for a total transaction of $80,420.00. Following the completion of the transaction, the vice president now owns 81,353 shares of the company’s stock, valued at $3,271,204.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,708 shares of company stock valued at $3,174,974. 30.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in QLYS. BlackRock Inc. grew its stake in Qualys by 157,222.3% in the 1st quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock valued at $127,537,000 after buying an additional 3,362,985 shares in the last quarter. ETF Managers Group LLC purchased a new position in Qualys in the 2nd quarter valued at approximately $41,523,000. Champlain Investment Partners LLC grew its stake in Qualys by 32.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,304,060 shares of the software maker’s stock valued at $87,324,000 after buying an additional 568,040 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Qualys by 31.9% in the 1st quarter. Neuberger Berman Group LLC now owns 2,206,992 shares of the software maker’s stock valued at $83,645,000 after buying an additional 534,000 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in Qualys by 307.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 430,000 shares of the software maker’s stock valued at $18,060,000 after buying an additional 324,500 shares in the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.
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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