Qualys (NASDAQ:QLYS) Issues Q3 2022 Earnings Guidance

Qualys (NASDAQ:QLYSGet Rating) issued an update on its third quarter 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.85-$0.87 for the period. The company issued revenue guidance of $124.50 million-$125.10 million, compared to the consensus revenue estimate of $124.02 million. Qualys also updated its FY 2022 guidance to $3.50-$3.55 EPS.

Qualys Stock Performance

NASDAQ:QLYS opened at $155.60 on Wednesday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 60.78 and a beta of 0.69. Qualys has a 52-week low of $106.48 and a 52-week high of $155.75. The stock has a fifty day moving average of $129.38 and a 200 day moving average of $130.22.

Qualys (NASDAQ:QLYSGet Rating) last posted its quarterly earnings data on Monday, August 8th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. Qualys had a return on equity of 24.17% and a net margin of 22.68%. The company had revenue of $119.89 million during the quarter, compared to analyst estimates of $117.52 million. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. Equities analysts forecast that Qualys will post 2.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on QLYS. Wedbush dropped their price target on Qualys from $160.00 to $150.00 and set an outperform rating for the company in a research note on Tuesday, August 9th. Royal Bank of Canada lifted their price target on Qualys from $145.00 to $148.00 and gave the stock a sector perform rating in a research note on Tuesday, August 9th. Truist Financial lifted their price target on Qualys from $115.00 to $125.00 and gave the stock a hold rating in a research note on Tuesday, July 26th. Morgan Stanley lifted their price target on Qualys from $113.00 to $123.00 and gave the stock an underweight rating in a research note on Tuesday, August 9th. Finally, Wolfe Research lifted their price objective on Qualys from $145.00 to $147.00 and gave the stock an outperform rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $141.25.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 2,744 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $123.05, for a total transaction of $337,649.20. Following the transaction, the insider now owns 64,427 shares in the company, valued at approximately $7,927,742.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Sumedh S. Thakar sold 5,576 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $151.68, for a total transaction of $845,767.68. Following the transaction, the chief executive officer now owns 150,791 shares in the company, valued at approximately $22,871,978.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 2,744 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $123.05, for a total value of $337,649.20. Following the transaction, the insider now owns 64,427 shares in the company, valued at approximately $7,927,742.35. The disclosure for this sale can be found here. Insiders have sold a total of 72,932 shares of company stock worth $9,865,066 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its holdings in shares of Qualys by 20.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,769 shares of the software maker’s stock worth $223,000 after acquiring an additional 306 shares during the period. Woodline Partners LP bought a new stake in shares of Qualys in the 2nd quarter worth approximately $681,000. Prudential Financial Inc. boosted its position in shares of Qualys by 10.0% in the 2nd quarter. Prudential Financial Inc. now owns 16,405 shares of the software maker’s stock worth $2,070,000 after purchasing an additional 1,496 shares in the last quarter. State Street Corp boosted its position in shares of Qualys by 2.8% in the 2nd quarter. State Street Corp now owns 1,153,495 shares of the software maker’s stock worth $145,502,000 after purchasing an additional 31,477 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Qualys by 189.1% in the 2nd quarter. Sei Investments Co. now owns 21,819 shares of the software maker’s stock worth $2,775,000 after purchasing an additional 14,272 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Qualys Company Profile

(Get Rating)

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.

See Also

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.