Qualys (NASDAQ:QLYS) Releases Q2 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.27-1.35 for the period, compared to the consensus 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.

Qualys Stock Up 1.4 %

NASDAQ:QLYS traded up $2.12 during trading hours on Thursday, reaching $151.87. The company had a trading volume of 550,545 shares, compared to its average volume of 472,215. The business’s 50-day simple moving average is $166.59 and its two-hundred day simple moving average is $175.87. Qualys has a twelve month low of $113.00 and a twelve month high of $206.35. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 37.07 and a beta of 0.51.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on QLYS shares. Scotiabank began coverage on Qualys in a research note on Friday, April 26th. They set a sector perform rating and a $172.00 price target for the company. Robert W. Baird lowered their target price on shares of Qualys from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday. Stephens restated an equal weight rating and set a $190.00 price target on shares of Qualys in a report on Thursday, February 8th. StockNews.com lowered shares of Qualys from a buy rating to a hold rating in a research note on Sunday, April 21st. Finally, Wedbush dropped their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Qualys presently has an average rating of Hold and a consensus price target of $162.23.

Insider Buying and Selling at Qualys

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 transaction of $119,121.48. Following the sale, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at $16,523,615.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Bruce K. Posey sold 1,430 shares of Qualys stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares in the company, valued at $10,398,729.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 723 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total value of $119,121.48. Following the sale, the chief financial officer now owns 100,289 shares in the company, valued at $16,523,615.64. The disclosure for this sale can be found here. Insiders have sold a total of 14,590 shares of company stock worth $2,419,842 over the last ninety days. 1.00% of the stock is currently owned by company 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.