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; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; 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 Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security. Its integrated suite of IT, security, and compliance solutions delivered on its Qualys Cloud Platform enables customers to identify and manage IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend and implement remediation actions, and verify the implementation of such actions. The company also provides asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT, security, and compliance solutions. The company offers its solutions through its sales teams, as well as through its network of channel partners, such as security consulting organizations, managed service providers, resellers, and consulting firms. It serves enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities. The company was incorporated in 1999 and is headquartered in Foster City, California.
Qualys Stock Performance
QLYS traded up $5.33 during trading on Wednesday, reaching $148.03. 658,800 shares of the stock were exchanged, compared to its average volume of 364,546. The stock has a market cap of $5.75 billion, a P/E ratio of 61.17 and a beta of 0.69. Qualys has a twelve month low of $106.48 and a twelve month high of $150.10. The stock's 50 day moving average price is $127.54 and its two-hundred day moving average price is $129.28.
Qualys (NASDAQ:QLYS - Get Rating) last released its quarterly earnings data on Monday, August 8th. The software maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Qualys had a net margin of 22.47% and a return on equity of 22.91%. The firm had revenue of $119.89 million for the quarter, compared to the consensus estimate of $117.52 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 20.3% on a year-over-year basis. Equities research analysts predict that Qualys will post 2 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
QLYS has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Qualys from $145.00 to $148.00 and gave the company a "sector perform" rating in a report on Tuesday. DA Davidson lifted their price objective on shares of Qualys from $120.00 to $135.00 in a report on Tuesday. Morgan Stanley lifted their price objective on shares of Qualys from $113.00 to $123.00 and gave the company an "underweight" rating in a report on Tuesday. Truist Financial lifted their price objective on shares of Qualys from $115.00 to $125.00 and gave the company a "hold" rating in a report on Tuesday, July 26th. Finally, Northland Securities lifted their price objective on shares of Qualys from $138.00 to $142.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.78.
Insider Buying and Selling at Qualys
In other Qualys news, insider Bruce K. Posey sold 2,744 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $123.05, for a total value of $337,649.20. Following the transaction, the insider now directly owns 64,427 shares in the company, valued at $7,927,742.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $119.37, for a total value of $835,590.00. Following the completion of the sale, the chief executive officer now owns 169,526 shares of the company's stock, valued at $20,236,318.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 2,744 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $123.05, for a total transaction of $337,649.20. Following the completion of the sale, the insider now directly owns 64,427 shares of the company's stock, valued at approximately $7,927,742.35. The disclosure for this sale can be found here. Insiders have sold a total of 66,745 shares of company stock worth $8,446,450 over the last ninety days. Insiders own 1.40% of the company's stock.
