Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.810-5.910 for the period, compared to the consensus 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.

Analysts Set New Price Targets

QLYS has been the subject of several research reports. Westpark Capital reiterated a “hold” rating on shares of Qualys in a report on Monday, August 5th. Wedbush reduced their price target on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Scotiabank dropped their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $144.23.

Qualys Price Performance

QLYS traded up $3.63 during trading on Tuesday, hitting $128.23. The stock had a trading volume of 1,477,881 shares, compared to its average volume of 429,681. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 27.44 and a beta of 0.47. The company has a 50 day moving average price of $124.19 and a 200-day moving average price of $136.41. Qualys has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts predict that Qualys will post 3.94 EPS for the current fiscal year.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. 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 valued at $1,360,140 over the last ninety days. 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.