Qualys (QLYS) Projected to Post Quarterly Earnings on Thursday

Qualys (NASDAQ:QLYS - Get Free Report) is anticipated to announce its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $156.27 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million during the quarter, compared to analyst estimates of $150.74 million. During the same quarter in the previous year, the company posted $1.24 EPS. Qualys's revenue for the quarter 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 Price Performance

Qualys stock traded down $5.26 during trading hours on Thursday, reaching $140.71. The company had a trading volume of 580,580 shares, compared to its average volume of 380,466. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 30.99 and a beta of 0.56. Qualys has a 12-month low of $119.17 and a 12-month high of $182.45. The company has a 50-day moving average price of $143.69 and a 200 day moving average price of $135.66.

Insider Activity

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company's stock, valued at approximately $33,741,295.98. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 882 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now owns 62,295 shares of the company's stock, valued at approximately $8,700,119.70. This represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,259 shares of company stock worth $4,578,153 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

QLYS has been the subject of several analyst reports. Wolfe Research raised shares of Qualys from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Truist Financial upped their target price on Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. DA Davidson lifted their price target on shares of Qualys from $120.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. UBS Group upped their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price on shares of Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $152.80.

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.