Qualys (NASDAQ:QLYS) Issues Q2 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.27-1.35 for the period, compared to the consensus 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 Stock Down 9.8 %

QLYS stock traded down $16.23 during midday trading on Wednesday, reaching $149.75. 1,762,726 shares of the company’s stock traded hands, compared to its average volume of 471,335. The company has a 50-day simple moving average of $166.59 and a two-hundred day simple moving average of $175.87. Qualys has a 1-year low of $113.00 and a 1-year high of $206.35. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 37.07 and a beta of 0.51.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The business had revenue of $144.57 million for the quarter, compared to the consensus estimate of $144.69 million. Equities research analysts forecast that Qualys will post 3.35 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen began coverage on shares of Qualys in a report on Tuesday, March 26th. They issued a market perform rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Qualys from $146.00 to $152.00 and gave the stock an underweight rating in a report on Thursday, February 8th. Robert W. Baird cut their price objective on Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a report on Wednesday. StockNews.com lowered Qualys from a buy rating to a hold rating in a research report on Sunday, April 21st. Finally, Truist Financial dropped their target price on shares of Qualys from $175.00 to $165.00 and set a hold rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $157.79.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 approximately $10,398,729.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 928 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $167.97, for a total transaction of $155,876.16. Following the completion of the sale, the chief financial officer now owns 93,196 shares of the company’s stock, valued at $15,654,132.12. The disclosure for this sale can be found here. Insiders sold a total of 14,590 shares of company stock worth $2,419,842 in the last three months. 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.