Qualys (NASDAQ:QLYS) Updates FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.810-5.910 for the period, compared to the consensus EPS 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 recent analyst reports. Morgan Stanley upped their target price on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Scotiabank decreased their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Canaccord Genuity Group raised their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Qualys has an average rating of “Hold” and an average target price of $152.80.

Qualys Stock Performance

Shares of NASDAQ QLYS traded down $1.38 during mid-day trading on Friday, reaching $153.70. The company had a trading volume of 61,153 shares, compared to its average volume of 442,614. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. The business’s 50-day simple moving average is $125.52 and its 200 day simple moving average is $136.45. Qualys has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million for 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%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. On average, sell-side analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the transaction, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. This 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 over the last three months. Corporate insiders own 1.00% of the company’s stock.

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.