Qualys (QLYS) Expected to Post Earnings of $0.34 Per Share

Wall Street analysts expect Qualys (NASDAQ:QLYS) to report earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Qualys’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.34. Qualys reported earnings of $0.26 per share in the same quarter last year, which indicates a positive year over year growth rate of 30.8%. The business is expected to report its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that Qualys will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.48. For the next fiscal year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Qualys.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 1st. The software maker reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $64.90 million during the quarter, compared to analysts’ expectations of $63.88 million. Qualys had a net margin of 11.40% and a return on equity of 11.88%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS.

A number of equities analysts have recently issued reports on QLYS shares. BidaskClub cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Zacks Investment Research downgraded shares of Qualys from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 5th. Imperial Capital upped their price objective on shares of Qualys from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, May 3rd. Morgan Stanley upped their price objective on shares of Qualys from $65.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Qualys from $67.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $71.15.

In other news, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $74.58, for a total transaction of $149,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Pace sold 30,000 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $75.68, for a total transaction of $2,270,400.00. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $3,021,900 in the last quarter. Insiders own 20.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wesbanco Bank Inc. purchased a new position in shares of Qualys in the 1st quarter valued at $1,113,000. Xact Kapitalforvaltning AB purchased a new position in shares of Qualys in the 1st quarter valued at $382,000. Legal & General Group Plc raised its stake in shares of Qualys by 413.6% in the 1st quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock valued at $23,867,000 after acquiring an additional 264,587 shares during the period. Sandler Capital Management purchased a new position in shares of Qualys in the 1st quarter valued at $6,539,000. Finally, Syntal Capital Partners LLC raised its stake in shares of Qualys by 11.9% in the 1st quarter. Syntal Capital Partners LLC now owns 30,464 shares of the software maker’s stock valued at $2,216,000 after acquiring an additional 3,239 shares during the period. 78.87% of the stock is owned by hedge funds and other institutional investors.

Qualys traded up $0.35, hitting $77.30, during trading hours on Friday, Marketbeat reports. 137,839 shares of the company traded hands, compared to its average volume of 304,730. The stock has a market cap of $3.01 billion, a P/E ratio of 85.89, a PEG ratio of 11.78 and a beta of 0.87. Qualys has a twelve month low of $39.25 and a twelve month high of $85.00.

Qualys announced that its Board of Directors has authorized a stock repurchase program on Monday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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