Analysts Anticipate Qualys, Inc. (NASDAQ:QLYS) Will Post Earnings of $0.69 Per Share


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Wall Street brokerages expect Qualys, Inc. (NASDAQ:QLYS) to post earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Qualys’ earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.70. Qualys posted earnings per share of $0.65 in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Qualys will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.82. For the next year, analysts anticipate that the firm will report earnings of $2.97 per share, with EPS estimates ranging from $2.90 to $3.02. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Qualys.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, February 10th. The software maker reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.21. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $94.59 million. Qualys had a net margin of 25.06% and a return on equity of 20.99%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS.

QLYS has been the topic of several recent analyst reports. Truist raised their price target on shares of Qualys from $85.00 to $100.00 in a research note on Wednesday, January 27th. Wedbush reduced their price target on shares of Qualys from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, February 11th. Morgan Stanley downgraded shares of Qualys from an “equal weight” rating to an “underweight” rating and set a $110.00 target price on the stock. in a research report on Wednesday, February 10th. Northland Securities downgraded shares of Qualys from an “outperform” rating to a “market perform” rating and set a $120.00 target price on the stock. in a research report on Wednesday, December 23rd. Finally, Needham & Company LLC downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, February 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Qualys currently has an average rating of “Hold” and a consensus price target of $112.80.

In other Qualys news, insider Sumedh S. Thakar sold 16,500 shares of Qualys stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $140.56, for a total transaction of $2,319,240.00. Following the completion of the sale, the insider now directly owns 237,883 shares in the company, valued at approximately $33,436,834.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sandra E. Bergeron sold 1,271 shares of Qualys stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $130.34, for a total transaction of $165,662.14. Following the sale, the director now owns 24,346 shares of the company’s stock, valued at $3,173,257.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,271 shares of company stock worth $3,202,927. Insiders own 16.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in QLYS. Veriti Management LLC acquired a new stake in Qualys during the 4th quarter valued at approximately $83,000. NN Investment Partners Holdings N.V. acquired a new stake in Qualys during the 4th quarter valued at approximately $134,000. Alpha DNA Investment Management LLC acquired a new stake in Qualys during the 4th quarter valued at approximately $165,000. Fieldpoint Private Securities LLC acquired a new stake in Qualys during the 4th quarter valued at approximately $167,000. Finally, Montag A & Associates Inc. acquired a new stake in Qualys during the 4th quarter valued at approximately $177,000. Institutional investors and hedge funds own 91.93% of the company’s stock.

QLYS stock opened at $104.16 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 48.22 and a beta of 0.79. Qualys has a 12 month low of $86.65 and a 12 month high of $148.84. The firm’s 50-day moving average is $101.03 and its 200 day moving average is $105.24.

Qualys Company Profile

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management, Vulnerability Management, Detection and Response, Threat Protection, Continuous Monitoring, Patch Management, Multi-Vector Endpoint Detection and Response, Indication of Compromise, Certificate Assessment, Policy Compliance, Security Configuration Assessment, PCI Compliance, File Integrity Monitoring, Security Assessment Questionnaire, Out of-Band Configuration Assessment, Web Application Scanning, Web Application Firewall, Global IT Asset Inventory, CMDB Sync, Certificate Inventory, Cloud Inventory, Cloud Security Assessment, and Container Security.

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