Qualys, Inc. (NASDAQ:QLYS) Expected to Announce Quarterly Sales of $103.97 Million

Equities research analysts expect Qualys, Inc. (NASDAQ:QLYS) to report $103.97 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Qualys’ earnings. The lowest sales estimate is $103.30 million and the highest is $104.20 million. Qualys posted sales of $93.07 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The business is scheduled to issue its next earnings results on Wednesday, November 3rd.

According to Zacks, analysts expect that Qualys will report full-year sales of $406.40 million for the current financial year, with estimates ranging from $404.50 million to $406.90 million. For the next year, analysts expect that the company will report sales of $454.83 million, with estimates ranging from $445.19 million to $458.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Qualys.

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

Several equities research analysts have commented on QLYS shares. Loop Capital lowered Qualys from a “buy” rating to a “hold” rating and dropped their price target for the stock from $140.00 to $105.00 in a research note on Monday, July 26th. Needham & Company LLC upped their price target on Qualys from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 10th. Zacks Investment Research upgraded Qualys from a “sell” rating to a “hold” rating and set a $123.00 price target for the company in a research note on Wednesday, August 11th. Royal Bank of Canada upped their price target on Qualys from $105.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 10th. Finally, Morgan Stanley upped their price target on Qualys from $98.00 to $100.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $111.00.

In related news, major shareholder Philippe Courtot Family Trust sold 50,938 shares of the stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $120.02, for a total value of $6,113,578.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,133 shares of the stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $99.17, for a total value of $707,379.61. Following the completion of the transaction, the chief executive officer now directly owns 199,334 shares of the company’s stock, valued at approximately $19,767,952.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 369,555 shares of company stock valued at $42,137,920. Insiders own 15.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in Qualys during the 1st quarter worth approximately $28,000. SRS Capital Advisors Inc. bought a new position in Qualys during the 2nd quarter worth approximately $31,000. Van ECK Associates Corp lifted its holdings in Qualys by 126.2% during the 2nd quarter. Van ECK Associates Corp now owns 457 shares of the software maker’s stock worth $46,000 after buying an additional 255 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Qualys by 53.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the software maker’s stock worth $59,000 after buying an additional 204 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Qualys during the 2nd quarter worth approximately $117,000. 86.86% of the stock is currently owned by institutional investors.

NASDAQ:QLYS traded down $0.17 on Monday, hitting $119.35. 5,861 shares of the stock were exchanged, compared to its average volume of 407,382. The stock has a market cap of $4.65 billion, a PE ratio of 70.62 and a beta of 0.61. The stock has a fifty day moving average of $108.75 and a 200-day moving average of $104.07. Qualys has a fifty-two week low of $86.65 and a fifty-two week high of $148.84.

About Qualys

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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