Qualys (QLYS) Set to Announce Earnings on Tuesday

Qualys (NASDAQ:QLYS - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Qualys to post earnings of $1.33 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same quarter last year, the firm posted $0.95 EPS. The company's revenue was up 8.4% on a year-over-year basis. On average, analysts expect Qualys to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qualys Stock Up 2.0 %

Shares of QLYS stock traded up $2.48 during trading hours on Tuesday, reaching $124.39. 361,139 shares of the company's stock were exchanged, compared to its average volume of 425,063. Qualys has a fifty-two week low of $119.32 and a fifty-two week high of $206.35. The stock has a market capitalization of $4.58 billion, a P/E ratio of 27.40 and a beta of 0.46. The business has a fifty day moving average price of $124.38 and a 200-day moving average price of $137.88.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the sale, the chief financial officer now owns 87,077 shares in the company, valued at $11,662,222.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 transaction, the chief financial officer now directly owns 87,077 shares of the company's stock, valued at $11,662,222.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,535 shares of company stock worth $1,442,641. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on QLYS shares. Piper Sandler reduced their price target on shares of Qualys from $116.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. Morgan Stanley reduced their target price on shares of Qualys from $136.00 to $123.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered Qualys from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Truist Financial reduced their price objective on Qualys from $130.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group initiated coverage on Qualys in a research report on Wednesday, October 16th. They set a "hold" rating and a $135.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Qualys presently has a consensus rating of "Hold" and a consensus target price of $144.23.

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.