Qualys (NASDAQ:QLYS) Updates Q4 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.280-1.380 for the period, compared to the consensus EPS estimate of 1.280. The company issued revenue guidance of $154.5 million-$157.5 million, compared to the consensus revenue estimate of $154.1 million. Qualys also updated its FY 2024 guidance to 5.810-5.910 EPS.

Qualys Trading Up 2.9 %

Qualys stock traded up $3.63 during midday trading on Tuesday, reaching $128.23. 1,478,010 shares of the stock traded hands, compared to its average volume of 429,820. The firm has a fifty day moving average price of $124.19 and a two-hundred day moving average price of $136.41. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 28.24 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Analysts anticipate that Qualys will post 3.94 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on QLYS shares. Truist Financial cut their price objective on Qualys from $130.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Royal Bank of Canada reduced their price objective on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $144.23.

Insider Buying and Selling

In other news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the transaction, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now owns 55,618 shares in the company, valued at $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. Insiders sold 10,919 shares of company stock worth $1,360,140 in the last quarter. 1.00% of the stock is 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.