Analysts expect Qualys, Inc. (NASDAQ:QLYS) to post sales of $94.60 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Qualys’ earnings, with estimates ranging from $94.40 million to $95.10 million. Qualys posted sales of $84.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 10th.

On average, analysts expect that Qualys will report full year sales of $362.78 million for the current financial year, with estimates ranging from $362.60 million to $363.20 million. For the next year, analysts anticipate that the company will post sales of $409.00 million, with estimates ranging from $396.00 million to $414.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Qualys.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, November 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.28. Qualys had a return on equity of 20.93% and a net margin of 24.78%. The company had revenue of $93.07 million for the quarter, compared to analysts’ expectations of $91.97 million. During the same period last year, the business earned $0.65 EPS. Qualys’s quarterly revenue was up 12.6% compared to the same quarter last year.

A number of brokerages recently issued reports on QLYS. The Goldman Sachs Group cut Qualys from a “neutral” rating to a “sell” rating and cut their target price for the stock from $116.00 to $99.00 in a report on Thursday, October 22nd. Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a report on Tuesday, October 13th. Morgan Stanley increased their target price on Qualys from $95.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, January 8th. Northland Securities cut Qualys from an “outperform” rating to a “market perform” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, December 23rd. Finally, BidaskClub upgraded Qualys from a “sell” rating to a “hold” rating in a research note on Tuesday, December 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $112.43.

Shares of QLYS traded down $4.66 during trading hours on Wednesday, reaching $116.89. The stock had a trading volume of 414,310 shares, compared to its average volume of 386,486. Qualys has a 12 month low of $63.37 and a 12 month high of $126.30. The firm has a 50-day simple moving average of $108.97 and a 200 day simple moving average of $103.89. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 56.47 and a beta of 0.85.

In related news, CEO Philippe F. Courtot sold 143,358 shares of Qualys stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $90.58, for a total value of $12,985,367.64. Following the completion of the sale, the chief executive officer now owns 5,268,774 shares of the company’s stock, valued at approximately $477,245,548.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bruce K. Posey sold 1,500 shares of Qualys stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $118.73, for a total value of $178,095.00. Following the completion of the sale, the vice president now directly owns 95,488 shares of the company’s stock, valued at approximately $11,337,290.24. The disclosure for this sale can be found here. In the last three months, insiders sold 225,919 shares of company stock valued at $21,102,512. 16.20% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd grew its holdings in Qualys by 67.2% during the 3rd quarter. Altshuler Shaham Ltd now owns 453 shares of the software maker’s stock valued at $44,000 after buying an additional 182 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Qualys in the 2nd quarter worth approximately $48,000. Point72 Hong Kong Ltd purchased a new position in Qualys in the 2nd quarter worth approximately $108,000. Stephens Inc. AR increased its stake in Qualys by 253.2% in the 2nd quarter. Stephens Inc. AR now owns 1,063 shares of the software maker’s stock worth $111,000 after purchasing an additional 762 shares during the period. Finally, Signaturefd LLC increased its stake in Qualys by 2,234.0% in the 3rd quarter. Signaturefd LLC now owns 1,097 shares of the software maker’s stock worth $108,000 after purchasing an additional 1,050 shares during the period. 90.75% of the stock is owned by institutional investors and hedge funds.

Qualys Company Profile

Qualys, Inc provides cloud-based platform that delivers information technology (IT), 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, Patch Management, 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, as well as Cloud Inventory, Cloud Security Assessment, and Container Security.

See Also: What is the definition of arbitrage?

Get a free copy of the Zacks research report on Qualys (QLYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.