Qualys' (QLYS) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings reiterated a "hold (c)" rating for Qualys (QLYS), reflecting ongoing cautious sentiment among analysts as several recent reports also downgraded the stock to "hold."
• Qualys reported $1.68 EPS for the last quarter, exceeding expectations, and experienced a 10.3% increase in revenue compared to the previous year.
• The stock has a current consensus target price of $141.00, with a market cap of $4.66 billion and fluctuating between a 12-month low of $112.61 and high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on QLYS. Wall Street Zen cut Qualys from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Zacks Research cut Qualys from a "strong-buy" rating to a "hold" rating in a report on Monday. Jefferies Financial Group upped their price target on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Wedbush upped their price target on Qualys from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley upped their price target on Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $141.00.

Qualys Price Performance

Shares of NASDAQ:QLYS opened at $129.23 on Wednesday. Qualys has a 12 month low of $112.61 and a 12 month high of $170.00. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 25.79 and a beta of 0.62. The stock's 50 day moving average price is $132.71 and its 200 day moving average price is $133.50.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.47 by $0.21. Qualys had a return on equity of 37.19% and a net margin of 29.04%.The firm had revenue of $164.06 million for the quarter, compared to analysts' expectations of $161.25 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. On average, sell-side analysts expect that Qualys will post 3.85 EPS for the current year.

Insider Activity

In other Qualys news, CFO Joo Mi Kim sold 1,018 shares of Qualys stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $132.26, for a total transaction of $134,640.68. Following the transaction, the chief financial officer directly owned 94,468 shares in the company, valued at approximately $12,494,337.68. The trade was a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 8,500 shares of Qualys stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $138.40, for a total transaction of $1,176,400.00. Following the transaction, the chief executive officer owned 215,962 shares in the company, valued at approximately $29,889,140.80. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,565 shares of company stock valued at $5,296,373. 0.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently modified their holdings of QLYS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Qualys during the 2nd quarter valued at $44,000. SBI Securities Co. Ltd. grew its holdings in shares of Qualys by 82.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock valued at $46,000 after acquiring an additional 167 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Qualys by 52.4% during the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after acquiring an additional 150 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Qualys by 27.9% during the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock valued at $63,000 after acquiring an additional 109 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Qualys by 82.0% during the 2nd quarter. Parallel Advisors LLC now owns 484 shares of the software maker's stock valued at $69,000 after acquiring an additional 218 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Company Profile

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.

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