Analysts expect Qualys Inc (NASDAQ:QLYS) to post sales of $61.98 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Qualys’ earnings, with estimates ranging from $61.80 million to $62.20 million. Qualys reported sales of $52.22 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Qualys will report full-year sales of $61.98 million for the current year, with estimates ranging from $229.80 million to $230.11 million. For the next year, analysts expect that the business will post sales of $268.75 million per share, with estimates ranging from $265.00 million to $272.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Qualys.
Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The firm had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. During the same quarter last year, the business earned $0.22 earnings per share. Qualys’s revenue was up 16.7% compared to the same quarter last year.
A number of analysts recently issued reports on the stock. Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target on shares of Qualys in a report on Friday, November 3rd. Robert W. Baird reiterated a “hold” rating and issued a $61.00 price target on shares of Qualys in a report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Qualys in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Thursday. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.85.
Shares of Qualys (QLYS) opened at $63.15 on Friday. Qualys has a 1 year low of $32.40 and a 1 year high of $64.00. The stock has a market cap of $2,390.00, a P/E ratio of 56.89, a P/E/G ratio of 4.96 and a beta of 0.88.
In related news, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the transaction, the insider now owns 124,051 shares in the company, valued at approximately $6,574,703. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald R. Dixon sold 91,479 shares of Qualys stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total transaction of $5,478,677.31. Following the transaction, the director now owns 114,064 shares in the company, valued at approximately $6,831,292.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 557,916 shares of company stock worth $32,623,266. 20.90% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of QLYS. Schwab Charles Investment Management Inc. lifted its holdings in shares of Qualys by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 129,512 shares of the software maker’s stock valued at $5,285,000 after acquiring an additional 8,925 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Qualys by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 59,273 shares of the software maker’s stock valued at $2,418,000 after acquiring an additional 4,968 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Qualys during the 2nd quarter valued at $103,000. Legal & General Group Plc lifted its holdings in shares of Qualys by 19.2% during the 2nd quarter. Legal & General Group Plc now owns 57,664 shares of the software maker’s stock valued at $2,353,000 after acquiring an additional 9,285 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Qualys by 62.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,152 shares of the software maker’s stock valued at $373,000 after acquiring an additional 3,501 shares in the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.
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Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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