Shares of Qualys Inc (NASDAQ:QLYS) have been given a consensus rating of “Buy” by the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $64.83.
QLYS has been the topic of a number of recent research reports. Needham & Company LLC began coverage on Qualys in a research report on Monday, October 23rd. They set a “buy” rating and a $65.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and set a $61.00 price objective on shares of Qualys in a research report on Wednesday, November 1st. Wells Fargo & Co set a $52.00 price objective on Qualys and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, November 1st.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $58.40, for a total value of $116,800.00. Following the completion of the sale, the vice president now directly owns 66,644 shares in the company, valued at $3,892,009.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bruce K. Posey sold 28,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $67.51, for a total value of $1,890,280.00. Following the completion of the sale, the vice president now owns 60,997 shares of the company’s stock, valued at $4,117,907.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,280 shares of company stock worth $16,985,456. 20.90% of the stock is owned by corporate insiders.
Qualys (QLYS) traded up $1.05 on Tuesday, hitting $72.25. The stock had a trading volume of 489,357 shares, compared to its average volume of 294,356. Qualys has a fifty-two week low of $33.75 and a fifty-two week high of $72.95. The company has a market cap of $2,739.72, a P/E ratio of 70.83, a price-to-earnings-growth ratio of 5.23 and a beta of 1.02.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The business had revenue of $62.90 million for the quarter, compared to the consensus estimate of $61.96 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. equities analysts anticipate that Qualys will post 0.86 earnings per share for the current fiscal year.
Qualys announced that its Board of Directors has authorized a share repurchase plan on Monday, February 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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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.
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