Qualys (NASDAQ:QLYS) Releases Q3 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.280-1.360 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of $149.8 million-$151.8 million, compared to the consensus revenue estimate of $153.7 million. Qualys also updated its FY 2024 guidance to 5.460-5.620 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a hold rating on shares of Qualys in a research note on Wednesday. UBS Group dropped their price target on Qualys from $170.00 to $140.00 and set a neutral rating for the company in a research note on Wednesday. Piper Sandler decreased their price objective on Qualys from $116.00 to $115.00 and set an underweight rating for the company in a report on Wednesday. Robert W. Baird decreased their price objective on Qualys from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Finally, Scotiabank decreased their price objective on Qualys from $167.00 to $150.00 and set a sector perform rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Qualys currently has an average rating of Hold and an average price target of $149.92.

Qualys Stock Performance

Shares of QLYS stock traded down $0.12 during mid-day trading on Friday, hitting $127.01. The company’s stock had a trading volume of 125,188 shares, compared to its average volume of 454,727. The company’s fifty day simple moving average is $139.97 and its 200-day simple moving average is $157.11. Qualys has a 52 week low of $121.64 and a 52 week high of $206.35. The company has a market cap of $4.69 billion, a PE ratio of 29.43 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The firm had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Qualys will post 3.42 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the transaction, the chief financial officer now owns 87,077 shares in the company, valued at approximately $11,662,222.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now owns 87,077 shares in the company, valued at approximately $11,662,222.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,715 shares of company stock worth $4,142,951. Insiders own 1.00% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.