Qualys, Inc. Forecasted to Post Q4 2017 Earnings of $0.12 Per Share (QLYS)

Qualys, Inc. (NASDAQ:QLYS) – KeyCorp issued their Q4 2017 earnings estimates for shares of Qualys in a research note issued on Wednesday. KeyCorp analyst R. Owens expects that the software maker will post earnings of $0.12 per share for the quarter.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. During the same quarter last year, the business posted $0.20 EPS. Qualys’s quarterly revenue was up 14.3% compared to the same quarter last year. WARNING: This piece of content was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/19/qualys-inc-forecasted-to-post-q4-2017-earnings-of-0-12-per-share-qlys-updated.html.

A number of other brokerages also recently weighed in on QLYS. Royal Bank Of Canada restated a “sector perform” rating and set a $45.00 price objective (up previously from $39.00) on shares of Qualys in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Susquehanna Bancshares Inc assumed coverage on shares of Qualys in a research report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and set a $50.00 price objective (up previously from $45.00) on shares of Qualys in a research report on Thursday, July 20th. Finally, BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.92.

Shares of Qualys (NASDAQ:QLYS) opened at 46.60 on Monday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 45.60 and a beta of 0.93. The stock’s 50 day moving average is $41.29 and its 200 day moving average is $38.55. Qualys has a 52 week low of $30.00 and a 52 week high of $46.69.

A number of hedge funds have recently made changes to their positions in QLYS. SG Americas Securities LLC acquired a new stake in shares of Qualys during the second quarter worth approximately $103,000. State of Alaska Department of Revenue boosted its stake in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock worth $123,000 after buying an additional 150 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock worth $129,000 after buying an additional 2,360 shares in the last quarter. US Bancorp DE boosted its stake in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after buying an additional 3,061 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after buying an additional 2,186 shares in the last quarter. 75.29% of the stock is owned by institutional investors and hedge funds.

In other Qualys news, insider Sumedh S. Thakar sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $42.04, for a total transaction of $75,672.00. Following the completion of the sale, the insider now directly owns 138,631 shares of the company’s stock, valued at $5,828,047.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.51, for a total transaction of $85,020.00. Following the sale, the vice president now directly owns 81,353 shares of the company’s stock, valued at $3,458,316.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,600 shares of company stock valued at $314,318. 30.20% of the stock is owned by corporate insiders.

Qualys Company Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.

Earnings History and Estimates for Qualys (NASDAQ:QLYS)

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