Qualys (QLYS) Projected to Post Quarterly Earnings on Thursday

Qualys (NASDAQ:QLYS) is anticipated to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $156.27 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter in the prior year, the company posted $1.24 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts expect Qualys to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Stock Performance

Shares of Qualys stock opened at $145.04 on Thursday. The firm has a market cap of $5.31 billion, a P/E ratio of 31.95 and a beta of 0.57. The firm’s 50-day simple moving average is $144.90 and its 200-day simple moving average is $135.77. Qualys has a twelve month low of $119.17 and a twelve month high of $193.38.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, DA Davidson upped their price objective on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Qualys currently has an average rating of “Hold” and an average target price of $152.80.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $149.66, for a total value of $1,047,620.00. Following the transaction, the chief executive officer now owns 225,453 shares of the company’s stock, valued at approximately $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 855 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the transaction, the insider now owns 63,177 shares of the company’s stock, valued at $8,986,296.48. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,259 shares of company stock valued at $4,578,153. 1.00% of the stock is currently owned by insiders.

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.