Qualys (NASDAQ:QLYS) Issues Q2 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.27-1.35 for the period, compared to the consensus earnings per share 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 Trading Down 2.5 %

NASDAQ:QLYS traded down $4.21 during trading hours on Tuesday, hitting $165.98. 813,941 shares of the company traded hands, compared to its average volume of 456,656. Qualys has a twelve month low of $112.17 and a twelve month high of $206.35. The firm has a 50-day moving average of $166.95 and a 200 day moving average of $175.98. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 41.08 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share 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 the consensus estimate of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. Equities research analysts predict that Qualys will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QLYS. StockNews.com downgraded shares of Qualys from a buy rating to a hold rating in a report on Sunday, April 21st. TD Cowen started coverage on shares of Qualys in a research note on Tuesday, March 26th. They set a market perform rating and a $170.00 price objective on the stock. Stephens reaffirmed an equal weight rating and issued a $190.00 target price on shares of Qualys in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on shares of Qualys from $146.00 to $152.00 and gave the company an underweight rating in a report on Thursday, February 8th. Finally, Truist Financial upped their price objective on shares of Qualys from $145.00 to $175.00 and gave the company a hold rating in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Qualys has a consensus rating of Hold and a consensus target price of $157.62.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 4,120 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the transaction, the chief executive officer now directly owns 194,481 shares in the company, valued at approximately $32,598,905.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Qualys news, CEO Sumedh S. Thakar sold 4,120 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the sale, the chief executive officer now directly owns 194,481 shares in the company, valued at $32,598,905.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,443 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,662 shares of company stock worth $2,263,965. Corporate insiders own 1.00% of the company’s stock.

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.