Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.810-5.910 for the period, compared to the consensus estimate of 5.570. The company issued revenue guidance of $602.9 million-$605.9 million, compared to the consensus revenue estimate of $599.4 million. Qualys also updated its Q4 guidance to $1.28-1.38 EPS.

Qualys Stock Up 2.9 %

Shares of NASDAQ:QLYS traded up $3.63 during midday trading on Tuesday, hitting $128.23. 1,477,881 shares of the stock traded hands, compared to its average volume of 429,681. Qualys has a one year low of $119.17 and a one year high of $206.35. The stock has a market capitalization of $4.72 billion, a PE ratio of 27.44 and a beta of 0.47. The business’s 50 day moving average is $124.19 and its two-hundred day moving average is $136.41.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Qualys’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Qualys will post 3.94 earnings per share for the current year.

Analysts Set New Price Targets

QLYS has been the topic of several research reports. Jefferies Financial Group started coverage on shares of Qualys in a report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 target price on the stock. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Royal Bank of Canada lowered their price objective on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Wedbush decreased their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $144.23.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is currently owned by insiders.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.