Qualys (QLYS) Expected to Announce Earnings on Thursday

Qualys (NASDAQ:QLYS) is projected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $156.27 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. On average, analysts expect Qualys to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Trading Up 1.7 %

Shares of Qualys stock opened at $141.73 on Tuesday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 31.22 and a beta of 0.56. The firm’s 50-day moving average price is $144.12 and its two-hundred day moving average price is $135.59. Qualys has a 1-year low of $119.17 and a 1-year high of $184.04.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. TD Cowen lifted their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group upped their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, UBS Group raised their target price on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.80.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the transaction, the insider now owns 64,032 shares of the company’s stock, valued at $9,900,627.84. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total value of $209,616.84. Following the sale, the chief financial officer now directly owns 113,652 shares of the company’s stock, valued at $17,885,415.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,259 shares of company stock valued at $4,578,153. Corporate insiders own 1.00% of the company’s stock.

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.