Qualys Inc (QLYS) Expected to Post Quarterly Sales of $74.20 Million

Equities research analysts predict that Qualys Inc (NASDAQ:QLYS) will post sales of $74.20 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Qualys’ earnings. The highest sales estimate is $74.40 million and the lowest is $74.02 million. Qualys reported sales of $62.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The company is expected to announce its next earnings results on Monday, February 11th.

According to Zacks, analysts expect that Qualys will report full-year sales of $278.91 million for the current year, with estimates ranging from $278.71 million to $279.10 million. For the next financial year, analysts forecast that the business will post sales of $330.27 million, with estimates ranging from $327.06 million to $334.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Qualys.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The firm had revenue of $71.70 million during the quarter, compared to the consensus estimate of $71.22 million. Qualys had a return on equity of 14.18% and a net margin of 17.10%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS.

A number of equities analysts have recently issued reports on QLYS shares. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research note on Wednesday, November 7th. JMP Securities raised Qualys from a “market perform” rating to an “outperform” rating in a research note on Friday, January 4th. Morgan Stanley cut their target price on Qualys from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. BidaskClub downgraded Qualys from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Finally, Monness Crespi & Hardt cut their target price on Qualys from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $88.13.

Shares of QLYS stock traded up $0.20 during trading hours on Friday, reaching $78.46. 491,200 shares of the company’s stock were exchanged, compared to its average volume of 354,025. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 87.18 and a beta of 1.31. Qualys has a 1 year low of $57.20 and a 1 year high of $98.30.

In other Qualys news, insider Sumedh S. Thakar sold 3,796 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $74.91, for a total transaction of $284,358.36. Following the sale, the insider now owns 220,277 shares in the company, valued at approximately $16,500,950.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey P. Hank sold 11,250 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $72.04, for a total value of $810,450.00. Following the sale, the director now owns 19,993 shares in the company, valued at approximately $1,440,295.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,141 shares of company stock worth $2,472,370. Insiders own 18.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Cornerstone Advisors Inc. grew its holdings in Qualys by 4,600.0% during the 3rd quarter. Cornerstone Advisors Inc. now owns 376 shares of the software maker’s stock valued at $34,000 after buying an additional 368 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in Qualys by 13,821.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,137 shares of the software maker’s stock valued at $125,000 after buying an additional 11,057 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Qualys during the 3rd quarter valued at $146,000. Envestnet Asset Management Inc. grew its holdings in Qualys by 119.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,889 shares of the software maker’s stock valued at $159,000 after buying an additional 1,030 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Qualys during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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