Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.810-5.910 for the period, compared to the consensus earnings per share estimate of 5.570. The company issued revenue guidance of $602.9 million-$605.9 million, compared to the consensus revenue estimate of $599.4 million. Qualys also updated its Q4 guidance to $1.28-1.38 EPS.

Wall Street Analyst Weigh In

QLYS has been the subject of several research reports. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Morgan Stanley reduced their price objective on Qualys from $136.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Northland Securities reaffirmed a “market perform” rating and issued a $140.00 price target (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Piper Sandler dropped their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Qualys has an average rating of “Hold” and an average price target of $144.23.

Qualys Price Performance

QLYS traded up $3.63 on Tuesday, hitting $128.23. The company had a trading volume of 1,478,010 shares, compared to its average volume of 429,820. The stock has a fifty day simple moving average of $124.19 and a 200-day simple moving average of $136.41. The firm has a market capitalization of $4.72 billion, a P/E ratio of 28.24 and a beta of 0.47. Qualys has a 52-week low of $119.17 and a 52-week high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The company had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Equities research analysts expect that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 in the last three months. 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.