Equities analysts predict that Qualys Inc (NASDAQ:QLYS) will post $74.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Qualys’ earnings. The lowest sales estimate is $74.90 million and the highest is $75.20 million. Qualys reported sales of $64.88 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The business is scheduled to issue its next earnings results on Tuesday, May 7th.
On average, analysts expect that Qualys will report full year sales of $321.62 million for the current financial year, with estimates ranging from $321.00 million to $322.16 million. For the next fiscal year, analysts anticipate that the firm will report sales of $375.58 million, with estimates ranging from $367.00 million to $395.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Qualys.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.26. The business had revenue of $74.20 million for the quarter, compared to the consensus estimate of $74.14 million. Qualys had a return on equity of 14.35% and a net margin of 20.55%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS.
A number of research analysts recently commented on the company. Summit Redstone cut Qualys to a “hold” rating and set a $85.00 target price on the stock. in a research note on Monday. Summit Insights cut Qualys from a “buy” rating to a “hold” rating in a research note on Monday. JMP Securities reissued a “buy” rating and issued a $85.00 target price on shares of Qualys in a research note on Monday, March 11th. Berenberg Bank cut Qualys from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $82.00 in a research note on Friday, February 22nd. Finally, Zacks Investment Research cut Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.63.
In related news, insider Sumedh S. Thakar sold 4,304 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $85.20, for a total value of $366,700.80. Following the sale, the insider now directly owns 203,595 shares of the company’s stock, valued at $17,346,294. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $75.07, for a total value of $150,140.00. Following the completion of the sale, the vice president now directly owns 65,198 shares in the company, valued at $4,894,413.86. The disclosure for this sale can be found here. Insiders sold 34,157 shares of company stock worth $3,008,330 over the last three months. 18.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of QLYS. Cornerstone Advisors Inc. lifted its holdings in Qualys by 4,600.0% in the third quarter. Cornerstone Advisors Inc. now owns 376 shares of the software maker’s stock worth $34,000 after buying an additional 368 shares during the period. MCF Advisors LLC purchased a new stake in Qualys in the fourth quarter worth about $37,000. Lindbrook Capital LLC purchased a new stake in Qualys in the fourth quarter worth about $42,000. Sontag Advisory LLC purchased a new stake in Qualys in the fourth quarter worth about $48,000. Finally, Acadian Asset Management LLC purchased a new stake in Qualys in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 84.22% of the company’s stock.
QLYS traded down $1.78 during trading on Wednesday, reaching $84.60. The stock had a trading volume of 21,709 shares, compared to its average volume of 391,023. The stock has a market cap of $3.37 billion, a PE ratio of 71.09 and a beta of 1.60. Qualys has a one year low of $65.93 and a one year high of $98.30.
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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