Wall Street brokerages expect Qualys Inc (NASDAQ:QLYS) to announce sales of $82.16 million for the current quarter, according to Zacks. Six analysts have made estimates for Qualys’ earnings. The highest sales estimate is $82.41 million and the lowest is $81.80 million. Qualys reported sales of $71.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Qualys will report full year sales of $321.86 million for the current fiscal year, with estimates ranging from $321.46 million to $322.50 million. For the next financial year, analysts expect that the firm will post sales of $373.28 million, with estimates ranging from $368.00 million to $377.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Qualys had a net margin of 22.45% and a return on equity of 16.53%. The business had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year.
Several research analysts recently weighed in on QLYS shares. JMP Securities boosted their price target on shares of Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a report on Thursday, May 2nd. ValuEngine cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Cowen started coverage on shares of Qualys in a report on Thursday, May 23rd. They set an “outperform” rating and a $100.00 price target on the stock. Morgan Stanley set a $91.00 price target on shares of Qualys and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Northland Securities restated a “buy” rating and set a $100.00 price target on shares of Qualys in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $95.06.
Qualys stock traded down $2.12 during midday trading on Monday, hitting $80.94. 530,541 shares of the stock were exchanged, compared to its average volume of 366,183. Qualys has a 52-week low of $65.93 and a 52-week high of $97.12. The company has a market capitalization of $3.25 billion, a PE ratio of 68.02 and a beta of 1.33. The stock’s 50-day simple moving average is $87.95.
In related news, VP Bruce K. Posey sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $87.40, for a total transaction of $174,800.00. Following the sale, the vice president now owns 61,972 shares of the company’s stock, valued at approximately $5,416,352.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sumedh S. Thakar sold 4,082 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $85.86, for a total transaction of $350,480.52. Following the sale, the insider now directly owns 190,132 shares in the company, valued at approximately $16,324,733.52. The disclosure for this sale can be found here. In the last three months, insiders sold 33,497 shares of company stock worth $2,903,990. Insiders own 17.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of QLYS. Dimensional Fund Advisors LP raised its holdings in Qualys by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,046 shares of the software maker’s stock valued at $47,987,000 after buying an additional 62,413 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Qualys by 68.5% in the fourth quarter. Stifel Financial Corp now owns 11,976 shares of the software maker’s stock worth $891,000 after purchasing an additional 4,870 shares during the period. Geode Capital Management LLC increased its stake in shares of Qualys by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 387,519 shares of the software maker’s stock worth $28,962,000 after purchasing an additional 33,263 shares during the period. Mackay Shields LLC bought a new position in shares of Qualys in the fourth quarter worth about $553,000. Finally, Bank of America Corp DE increased its stake in shares of Qualys by 6.8% in the fourth quarter. Bank of America Corp DE now owns 209,983 shares of the software maker’s stock worth $15,693,000 after purchasing an additional 13,398 shares during the period. 86.08% of the stock is currently owned by institutional investors and hedge funds.
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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