Analysts expect that Qualys Inc (NASDAQ:QLYS) will report $82.46 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Qualys’ earnings, with the highest sales estimate coming in at $82.60 million and the lowest estimate coming in at $82.39 million. Qualys posted sales of $71.66 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The company is scheduled to report its next earnings report on Tuesday, October 29th.
On average, analysts expect that Qualys will report full-year sales of $321.89 million for the current financial year, with estimates ranging from $321.46 million to $322.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $370.70 million, with estimates ranging from $367.90 million to $375.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Qualys.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. Qualys had a return on equity of 16.53% and a net margin of 22.45%. Qualys’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS.
A number of equities analysts recently weighed in on the company. FBN Securities assumed coverage on Qualys in a research note on Monday, July 15th. They issued an “outperform” rating and a $100.00 price target on the stock. Nomura assumed coverage on Qualys in a research note on Friday, June 28th. They issued a “buy” rating and a $108.00 price target on the stock. Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Northland Securities set a $100.00 price target on Qualys and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, BidaskClub cut Qualys from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Qualys has an average rating of “Hold” and a consensus target price of $94.65.
QLYS traded down $0.27 during trading on Thursday, reaching $78.90. The company had a trading volume of 174,539 shares, compared to its average volume of 352,588. The firm’s 50-day simple moving average is $81.80 and its 200 day simple moving average is $85.15. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 66.30 and a beta of 1.38. Qualys has a 12-month low of $65.93 and a 12-month high of $97.12.
In other Qualys news, CFO Melissa B. Fisher sold 1,500 shares of Qualys stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $87.22, for a total transaction of $130,830.00. Following the transaction, the chief financial officer now owns 150,629 shares of the company’s stock, valued at approximately $13,137,861.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 4,083 shares of Qualys stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $87.33, for a total value of $356,568.39. Following the transaction, the insider now directly owns 185,168 shares in the company, valued at approximately $16,170,721.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,152 shares of company stock worth $1,773,751. Company insiders own 17.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Qualys by 1.6% during the 2nd quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock valued at $442,532,000 after buying an additional 82,375 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Qualys by 6.9% during the 2nd quarter. Royal Bank of Canada now owns 45,161 shares of the software maker’s stock valued at $3,933,000 after buying an additional 2,896 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of Qualys by 1.5% during the 2nd quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock valued at $54,611,000 after buying an additional 9,072 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Qualys during the 2nd quarter valued at about $16,375,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Qualys by 14.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,722 shares of the software maker’s stock valued at $2,414,000 after buying an additional 3,513 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.
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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