Qualys (NASDAQ:QLYS) Issues Q2 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.27-1.35 for the period, compared to the consensus EPS estimate of $1.30. The company issued revenue guidance of $147.5-149.5 million, compared to the consensus revenue estimate of $150.23 million. Qualys also updated its FY24 guidance to $5.06-5.30 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a research note on Wednesday. Truist Financial lowered their price objective on Qualys from $175.00 to $165.00 and set a hold rating for the company in a research note on Wednesday. Scotiabank initiated coverage on shares of Qualys in a report on Friday, April 26th. They issued a sector perform rating and a $172.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Qualys from $146.00 to $152.00 and gave the stock an underweight rating in a research report on Thursday, February 8th. Finally, Stephens reissued an equal weight rating and set a $190.00 price target on shares of Qualys in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Qualys has an average rating of Hold and a consensus target price of $162.23.

Qualys Stock Performance

NASDAQ QLYS traded up $0.11 during trading on Friday, hitting $151.98. 89,607 shares of the company’s stock traded hands, compared to its average volume of 467,923. Qualys has a 12-month low of $113.00 and a 12-month high of $206.35. The business has a 50 day moving average of $166.19 and a 200-day moving average of $175.70. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 37.59 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. On average, analysts expect that Qualys will post 3.35 EPS for the current year.

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 1,430 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares in the company, valued at approximately $10,398,729.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 723 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total value of $119,121.48. Following the transaction, the chief financial officer now owns 100,289 shares of the company’s stock, valued at $16,523,615.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the transaction, the insider now directly owns 63,057 shares of the company’s stock, valued at $10,398,729.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,590 shares of company stock valued at $2,419,842. 1.00% of the stock is owned by corporate insiders.

Qualys Company Profile

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.