Wall Street analysts expect that Qualys Inc (NASDAQ:QLYS) will post sales of $84.81 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Qualys’ earnings, with the highest sales estimate coming in at $85.33 million and the lowest estimate coming in at $84.49 million. Qualys posted sales of $74.20 million during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to issue its next earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Qualys will report full year sales of $321.69 million for the current year, with estimates ranging from $321.43 million to $322.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $368.37 million, with estimates ranging from $366.00 million to $372.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Qualys.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.13. The business had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.37 million. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share.
Several equities analysts have recently issued reports on QLYS shares. Needham & Company LLC reiterated a “buy” rating and set a $105.00 price objective on shares of Qualys in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a “hold” rating and set a $85.00 price objective on shares of Qualys in a research report on Wednesday, November 20th. BidaskClub downgraded Qualys from a “hold” rating to a “sell” rating in a research report on Friday. SunTrust Banks started coverage on Qualys in a research report on Wednesday, October 2nd. They set a “hold” rating and a $85.00 price objective for the company. Finally, Zacks Investment Research downgraded Qualys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $93.65.
In other Qualys news, VP Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $83.55, for a total value of $83,550.00. Following the completion of the sale, the vice president now directly owns 88,255 shares in the company, valued at $7,373,705.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey P. Hank sold 11,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $84.02, for a total value of $945,225.00. Following the completion of the sale, the director now owns 20,964 shares of the company’s stock, valued at $1,761,395.28. The disclosure for this sale can be found here. Insiders sold 286,415 shares of company stock valued at $24,137,197 over the last 90 days. 17.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Qualys by 1.6% in the second quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock worth $442,532,000 after purchasing an additional 82,375 shares during the period. Congress Asset Management Co. MA lifted its position in shares of Qualys by 0.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 981,172 shares of the software maker’s stock valued at $74,147,000 after acquiring an additional 6,122 shares during the last quarter. DF Dent & Co. Inc. lifted its position in shares of Qualys by 1.5% during the 2nd quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock valued at $54,611,000 after acquiring an additional 9,072 shares during the last quarter. Northern Trust Corp lifted its position in shares of Qualys by 0.3% during the 2nd quarter. Northern Trust Corp now owns 496,765 shares of the software maker’s stock valued at $43,258,000 after acquiring an additional 1,280 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Qualys by 41.8% during the 3rd quarter. First Trust Advisors LP now owns 293,643 shares of the software maker’s stock valued at $22,191,000 after acquiring an additional 86,488 shares during the last quarter. Hedge funds and other institutional investors own 86.72% of the company’s stock.
Shares of NASDAQ QLYS traded down $1.19 during midday trading on Friday, hitting $83.69. 348,684 shares of the company’s stock were exchanged, compared to its average volume of 345,925. The stock’s 50 day moving average price is $85.38 and its 200-day moving average price is $83.45. The firm has a market cap of $3.24 billion, a P/E ratio of 70.33 and a beta of 1.34. Qualys has a twelve month low of $72.76 and a twelve month high of $97.12.
Qualys Company Profile
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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