Qualys (NASDAQ:QLYS) Announces Earnings Results

Qualys (NASDAQ:QLYS) announced its earnings results on Tuesday. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23, Briefing.com reports. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. Qualys’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $155.08 on Friday. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35. The firm has a market capitalization of $5.71 billion, a P/E ratio of 34.16 and a beta of 0.47. The company’s fifty day moving average price is $125.52 and its 200 day moving average price is $136.45.

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock worth $1,360,140 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of research analyst reports. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday. Jefferies Financial Group raised their price target on Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday. Canaccord Genuity Group raised their target price on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Truist Financial boosted their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Qualys has a consensus rating of “Hold” and an average price target of $152.80.

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.