Qualys (NASDAQ:QLYS) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.57-2.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.49. The company issued revenue guidance of $364-369 million, compared to the consensus revenue estimate of $366.74 million.Qualys also updated its FY20 guidance to $2.57-2.62 EPS.

QLYS stock traded up $2.36 during trading on Friday, hitting $92.44. 408,136 shares of the company traded hands, compared to its average volume of 296,254. The firm has a market capitalization of $3.49 billion, a PE ratio of 60.42 and a beta of 1.36. Qualys has a 1 year low of $72.76 and a 1 year high of $95.99. The company has a 50-day moving average of $85.73 and a 200-day moving average of $83.11.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.23. The company had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $84.68 million. Qualys had a return on equity of 18.15% and a net margin of 20.27%. Qualys’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. As a group, equities analysts predict that Qualys will post 1.64 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price objective on Qualys from $90.00 to $95.00 and gave the stock a neutral rating in a report on Thursday. Royal Bank of Canada reiterated a hold rating and issued a $90.00 price objective on shares of Qualys in a report on Sunday, February 9th. BidaskClub upgraded Qualys from a sell rating to a hold rating in a report on Friday, January 24th. Wedbush increased their price objective on Qualys from $102.00 to $110.00 and gave the stock an outperform rating in a report on Thursday. Finally, ValuEngine cut Qualys from a buy rating to a hold rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $95.69.

In related news, Director Jeffrey P. Hank sold 11,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $84.02, for a total transaction of $945,225.00. Following the completion of the transaction, the director now owns 20,964 shares of the company’s stock, valued at approximately $1,761,395.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bruce K. Posey sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $83.86, for a total value of $83,860.00. Following the transaction, the vice president now directly owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The disclosure for this sale can be found here. Insiders sold a total of 28,086 shares of company stock valued at $2,407,427 in the last three months. Corporate insiders own 17.30% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

See Also: What is a support level?

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.