Equities research analysts expect Qualys, Inc. (NASDAQ:QLYS) to report sales of $61.98 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Qualys’ earnings, with estimates ranging from $61.80 million to $62.20 million. Qualys posted sales of $52.22 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.7%. The company is scheduled to issue its next earnings report on Wednesday, February 14th.
On average, analysts expect that Qualys will report full year sales of $61.98 million for the current fiscal year, with estimates ranging from $229.80 million to $230.11 million. For the next year, analysts forecast that the company will post sales of $268.75 million per share, with estimates ranging from $265.00 million to $272.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Qualys.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. During the same period last year, the business earned $0.22 earnings per share. Qualys’s revenue was up 16.7% compared to the same quarter last year.
Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Qualys in a research note on Wednesday, November 1st. Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $61.00 target price on shares of Qualys in a research note on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.00.
In other news, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the sale, the insider now owns 124,051 shares in the company, valued at approximately $6,574,703. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Philippe F. Courtot sold 20,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.74, for a total transaction of $1,134,800.00. Following the sale, the chief executive officer now owns 5,564,435 shares in the company, valued at approximately $315,726,041.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 557,916 shares of company stock worth $32,606,286. 20.90% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Pier 88 Investment Partners LLC boosted its holdings in shares of Qualys by 62.8% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock valued at $551,000 after buying an additional 4,100 shares in the last quarter. State Street Corp boosted its holdings in shares of Qualys by 12.9% during the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock valued at $29,421,000 after buying an additional 82,251 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Qualys by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock valued at $92,374,000 after buying an additional 57,088 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Qualys by 3.8% during the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock valued at $2,724,000 after buying an additional 1,920 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Qualys by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 175,591 shares of the software maker’s stock valued at $7,164,000 after buying an additional 4,622 shares in the last quarter. Hedge funds and other institutional investors own 75.34% of the company’s stock.
Shares of Qualys (NASDAQ:QLYS) opened at $59.05 on Wednesday. The firm has a market cap of $2,216.40, a P/E ratio of 53.14, a P/E/G ratio of 5.26 and a beta of 0.87. Qualys has a one year low of $30.60 and a one year high of $62.35.
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Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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