Equities analysts forecast that Qualys Inc (NASDAQ:QLYS) will announce sales of $67.13 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Qualys’ earnings. The highest sales estimate is $67.30 million and the lowest is $67.00 million. Qualys reported sales of $55.30 million during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Qualys will report full-year sales of $277.94 million for the current financial year, with estimates ranging from $277.43 million to $278.50 million. For the next fiscal year, analysts anticipate that the business will post sales of $328.43 million per share, with estimates ranging from $322.14 million to $336.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, May 1st. The software maker reported $0.36 EPS for the quarter, topping the 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%. Qualys’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS.
Several research firms have recently issued reports on QLYS. BidaskClub cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Robert W. Baird reiterated a “hold” rating on shares of Qualys in a report on Wednesday, May 2nd. Monness Crespi & Hardt upgraded shares of Qualys from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, June 11th. Stifel Nicolaus increased their price objective on shares of Qualys from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research cut shares of Qualys from a “hold” rating to a “strong sell” rating in a report on Saturday, May 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.69.
Shares of Qualys stock traded down $0.70 on Tuesday, hitting $84.30. The company had a trading volume of 259,967 shares, compared to its average volume of 476,657. The stock has a market capitalization of $3.29 billion, a PE ratio of 93.67, a price-to-earnings-growth ratio of 11.93 and a beta of 0.79. Qualys has a 52 week low of $39.45 and a 52 week high of $97.75.
In related news, Director Todd P. Headley sold 4,982 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $80.75, for a total value of $402,296.50. Following the completion of the sale, the director now owns 4,714 shares in the company, valued at approximately $380,655.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $71.85, for a total transaction of $143,700.00. Following the completion of the sale, the vice president now owns 65,342 shares of the company’s stock, valued at approximately $4,694,822.70. The disclosure for this sale can be found here. Insiders have sold 44,982 shares of company stock valued at $3,443,517 over the last 90 days. 18.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Brown Advisory Inc. lifted its position in shares of Qualys by 5.3% in the 1st quarter. Brown Advisory Inc. now owns 15,599 shares of the software maker’s stock valued at $1,135,000 after acquiring an additional 788 shares in the last quarter. Redwood Investments LLC purchased a new stake in shares of Qualys in the 1st quarter valued at approximately $9,946,000. Allianz Asset Management GmbH lifted its position in shares of Qualys by 16.1% in the 1st quarter. Allianz Asset Management GmbH now owns 8,878 shares of the software maker’s stock valued at $646,000 after acquiring an additional 1,231 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Qualys by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 267,507 shares of the software maker’s stock valued at $19,461,000 after acquiring an additional 10,924 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Qualys in the 1st quarter valued at approximately $773,000. Institutional investors and hedge funds own 78.03% of the company’s stock.
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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