Zacks: Brokerages Anticipate Qualys, Inc. (NASDAQ:QLYS) Will Post Earnings of $0.79 Per Share

Equities research analysts expect that Qualys, Inc. (NASDAQ:QLYS) will post earnings per share of $0.79 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Qualys’ earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.80. Qualys reported earnings of $0.77 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 3rd.

On average, analysts expect that Qualys will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.07. For the next year, analysts anticipate that the firm will report earnings of $3.23 per share, with EPS estimates ranging from $3.06 to $3.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Qualys.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Monday, August 9th. The software maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.11. Qualys had a net margin of 17.67% and a return on equity of 17.14%. The firm had revenue of $99.70 million for the quarter, compared to the consensus estimate of $98.98 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis.

A number of research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Qualys from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 10th. Morgan Stanley boosted their price objective on shares of Qualys from $98.00 to $100.00 and gave the company an “underweight” rating in a research report on Tuesday, August 10th. Royal Bank of Canada lifted their target price on shares of Qualys from $105.00 to $112.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 10th. Loop Capital cut shares of Qualys from a “buy” rating to a “hold” rating and reduced their target price for the company from $140.00 to $105.00 in a research note on Monday, July 26th. Finally, Zacks Investment Research upgraded shares of Qualys from a “sell” rating to a “hold” rating and set a $123.00 target price for the company in a research note on Wednesday, August 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and a consensus target price of $111.00.

QLYS traded down $0.06 on Friday, reaching $119.30. 957,026 shares of the company traded hands, compared to its average volume of 409,363. The stock’s 50 day moving average price is $109.26 and its 200-day moving average price is $104.31. Qualys has a 52-week low of $86.65 and a 52-week high of $148.84. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 70.59 and a beta of 0.61.

In other news, CEO Sumedh S. Thakar sold 400 shares of the business’s stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $120.15, for a total value of $48,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Philippe Courtot Family Trust sold 77,778 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $115.08, for a total transaction of $8,950,692.24. Following the completion of the sale, the insider now owns 4,886,501 shares of the company’s stock, valued at $562,338,535.08. The disclosure for this sale can be found here. Insiders sold 372,355 shares of company stock valued at $42,474,196 over the last 90 days. 15.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. CWM Advisors LLC raised its stake in Qualys by 3.1% during the 2nd quarter. CWM Advisors LLC now owns 3,366 shares of the software maker’s stock valued at $339,000 after purchasing an additional 102 shares during the last quarter. Shell Asset Management Co. raised its stake in Qualys by 5.3% during the 2nd quarter. Shell Asset Management Co. now owns 2,768 shares of the software maker’s stock valued at $279,000 after purchasing an additional 140 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Qualys by 1.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,753 shares of the software maker’s stock valued at $882,000 after purchasing an additional 144 shares during the last quarter. Keybank National Association OH raised its stake in Qualys by 3.2% during the 2nd quarter. Keybank National Association OH now owns 4,696 shares of the software maker’s stock valued at $473,000 after purchasing an additional 144 shares during the last quarter. Finally, FDx Advisors Inc. raised its stake in Qualys by 3.7% during the 2nd quarter. FDx Advisors Inc. now owns 5,091 shares of the software maker’s stock valued at $513,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Qualys Company Profile

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

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Earnings History and Estimates for Qualys (NASDAQ:QLYS)

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