Qualys (NASDAQ:QLYS) Issues FY24 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.06-5.30 for the period, compared to the consensus earnings per share estimate of $5.20. The company issued revenue guidance of $601.5-608.5 million, compared to the consensus revenue estimate of $607.34 million. Qualys also updated its Q2 guidance to $1.27-1.35 EPS.

Qualys Trading Down 2.5 %

NASDAQ:QLYS traded down $4.21 during mid-day trading on Tuesday, hitting $165.98. 813,941 shares of the company’s stock traded hands, compared to its average volume of 456,656. The firm has a 50 day moving average of $166.95 and a two-hundred day moving average of $175.98. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 41.08 and a beta of 0.51. Qualys has a 12 month low of $112.17 and a 12 month high of $206.35.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QLYS. Royal Bank of Canada dropped their target price on shares of Qualys from $212.00 to $180.00 and set a sector perform rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price objective on Qualys from $146.00 to $152.00 and gave the company an underweight rating in a research report on Thursday, February 8th. Wedbush dropped their target price on Qualys from $230.00 to $210.00 and set an outperform rating for the company in a research report on Thursday, February 8th. StockNews.com cut Qualys from a buy rating to a hold rating in a report on Sunday, April 21st. Finally, Stephens reissued an equal weight rating and set a $190.00 price objective on shares of Qualys in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $157.62.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,443 shares of Qualys stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the sale, the insider now owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Bruce K. Posey sold 1,443 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the completion of the transaction, the insider now owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,662 shares of company stock valued at $2,263,965. 1.00% of the stock is currently owned by corporate insiders.

About Qualys

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.