Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.060-5.300 for the period, compared to the consensus earnings per share estimate of 5.180. The company issued revenue guidance of $601.5 million-$608.5 million, compared to the consensus revenue estimate of $607.5 million. Qualys also updated its Q2 2024 guidance to 1.270-1.350 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush decreased their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating for the company in a research report on Thursday, February 8th. Stephens reissued an equal weight rating and issued a $190.00 price objective on shares of Qualys in a research report on Thursday, February 8th. Scotiabank began coverage on Qualys in a research report on Friday, April 26th. They set a sector perform rating and a $172.00 target price on the stock. StockNews.com downgraded Qualys from a buy rating to a hold rating in a report on Sunday, April 21st. Finally, Royal Bank of Canada dropped their price target on Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a research note on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Qualys currently has a consensus rating of Hold and a consensus price target of $162.23.

Qualys Trading Up 1.4 %

Shares of Qualys stock traded up $2.12 during trading hours on Thursday, reaching $151.87. The stock had a trading volume of 550,545 shares, compared to its average volume of 472,215. The stock’s 50 day moving average is $166.19 and its 200 day moving average is $175.70. Qualys has a twelve month low of $113.00 and a twelve month high of $206.35. The firm has a market capitalization of $5.61 billion, a PE ratio of 37.59 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $144.69 million. As a group, sell-side analysts predict that Qualys will post 3.35 earnings per share for the current year.

Insider Buying and Selling

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