Qualys (QLYS) to Release Earnings on Tuesday

Qualys (NASDAQ:QLYS) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Qualys to post earnings of $1.31 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. Qualys had a net margin of 27.34% and a return on equity of 49.06%. The firm had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. On average, analysts expect Qualys to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Stock Performance

QLYS opened at $165.37 on Monday. The company has a fifty day moving average price of $166.86 and a two-hundred day moving average price of $175.92. Qualys has a 52 week low of $107.00 and a 52 week high of $206.35. The firm has a market capitalization of $6.11 billion, a PE ratio of 40.93 and a beta of 0.51.

Analyst Upgrades and Downgrades

QLYS has been the subject of several research analyst reports. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Sunday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a research report on Thursday, February 8th. Truist Financial upped their target price on shares of Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. TD Cowen started coverage on shares of Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Finally, Stephens reiterated an “equal weight” rating and issued a $190.00 price target on shares of Qualys in a research note on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average price target of $157.62.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 4,120 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Sumedh S. Thakar sold 4,120 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the transaction, the chief executive officer now owns 194,481 shares of the company’s stock, valued at $32,598,905.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Posey sold 1,430 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,662 shares of company stock worth $2,263,965. Corporate insiders own 1.00% of the company’s stock.

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.