Qualys (NASDAQ:QLYS) Posts Earnings Results, Beats Estimates By $0.23 EPS

Qualys (NASDAQ:QLYS) issued its quarterly earnings data on Tuesday. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23, Briefing.com reports. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded down $4.15 during trading on Thursday, hitting $155.08. 967,134 shares of the stock were exchanged, compared to its average volume of 444,380. Qualys has a 1-year low of $119.17 and a 1-year high of $206.35. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 35.07 and a beta of 0.47. The company’s fifty day simple moving average is $124.93 and its 200-day simple moving average is $136.32.

Insider Transactions at Qualys

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

Wall Street Analyst Weigh In

QLYS has been the topic of a number of recent analyst reports. TD Cowen raised their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday. Morgan Stanley raised their price objective on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group raised their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $152.80.

About Qualys

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.