Qualys (QLYS) Set to Announce Earnings on Tuesday

Qualys (NASDAQ:QLYS) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Qualys to post earnings of $1.31 per share for the quarter. Qualys has set its Q2 guidance at $1.27-1.35 EPS and its FY24 guidance at $5.06-5.30 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. On average, analysts expect Qualys to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Price Performance

Shares of QLYS stock traded down $0.02 during trading on Tuesday, hitting $145.47. 29,126 shares of the stock traded hands, compared to its average volume of 440,959. Qualys has a 52-week low of $131.07 and a 52-week high of $206.35. The firm has a market capitalization of $5.37 billion, a P/E ratio of 33.68 and a beta of 0.49. The firm’s fifty day moving average price is $141.10 and its 200-day moving average price is $159.81.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on QLYS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Robert W. Baird decreased their price objective on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Truist Financial cut their target price on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Scotiabank began coverage on Qualys in a research report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price target for the company. Finally, StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a report on Friday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $164.50.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $167.97, for a total value of $155,876.16. Following the sale, the chief financial officer now owns 93,196 shares of the company’s stock, valued at approximately $15,654,132.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total transaction of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joo Mi Kim sold 928 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the transaction, the chief financial officer now owns 93,196 shares of the company’s stock, valued at approximately $15,654,132.12. The disclosure for this sale can be found here. Insiders sold 30,027 shares of company stock valued at $4,216,326 in the last three months. 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.