Qualys (NASDAQ:QLYS) Issues Q4 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.280-1.380 for the period, compared to the consensus EPS estimate of 1.280. The company issued revenue guidance of $154.5 million-$157.5 million, compared to the consensus revenue estimate of $154.1 million. Qualys also updated its FY 2024 guidance to 5.810-5.910 EPS.

Wall Street Analysts Forecast Growth

QLYS has been the topic of a number of research analyst reports. TD Cowen reduced their price target on shares of Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. Truist Financial decreased their target price on Qualys from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Northland Securities reaffirmed a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. UBS Group dropped their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.23.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded up $3.63 during midday trading on Tuesday, reaching $128.23. 1,478,010 shares of the company’s stock were exchanged, compared to its average volume of 429,820. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35. The firm has a market capitalization of $4.72 billion, a PE ratio of 28.24 and a beta of 0.47. The company’s 50 day simple moving average is $124.19 and its two-hundred day simple moving average is $136.41.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The firm 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 was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. On average, research analysts anticipate that Qualys will post 3.94 earnings per share for the current year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,919 shares of company stock valued at $1,360,140 over the last three months. 1.00% of the stock is owned by 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.