Qualys (NASDAQ:QLYS) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Qualys (NASDAQ:QLYS) released its quarterly earnings data on Wednesday. The software maker reported $0.64 EPS for the quarter, beating the consensus estimate of $0.41 by $0.23, Briefing.com reports. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The company had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $84.68 million. During the same period last year, the firm posted $0.51 earnings per share. Qualys’s revenue was up 14.2% compared to the same quarter last year.

Shares of Qualys stock traded up $2.02 on Friday, reaching $92.10. The company had a trading volume of 9,444 shares, compared to its average volume of 292,033. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 60.24 and a beta of 1.36. The firm’s 50-day moving average price is $85.73 and its two-hundred day moving average price is $83.11. Qualys has a 1 year low of $72.76 and a 1 year high of $95.99.

QLYS has been the topic of several recent analyst reports. BidaskClub raised Qualys from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Needham & Company LLC reissued a “buy” rating and set a $105.00 target price on shares of Qualys in a research note on Thursday, November 21st. Wedbush lifted their target price on Qualys from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. ValuEngine downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada reissued a “hold” rating and set a $90.00 target price on shares of Qualys in a research note on Sunday, February 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $95.69.

In other news, VP Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $83.86, for a total value of $83,860.00. Following the completion of the transaction, the vice president now owns 85,955 shares in the company, valued at approximately $7,208,186.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 7,208 shares of Qualys stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $89.26, for a total value of $643,386.08. Following the completion of the transaction, the insider now owns 214,020 shares of the company’s stock, valued at approximately $19,103,425.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,086 shares of company stock valued at $2,407,427. Company insiders own 17.30% 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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Earnings History for Qualys (NASDAQ:QLYS)

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