Qualys (NASDAQ:QLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, Zacks.com reports. The firm currently has a $99.00 price objective on the software maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.66% from the company’s current price.
According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “
Other analysts have also issued research reports about the stock. Morgan Stanley raised their price objective on shares of Zynga and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Summit Insights lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Monday, March 18th. ValuEngine lowered shares of USD Partners from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Wedbush reaffirmed a “buy” rating on shares of Liquidia Technologies in a report on Thursday, May 2nd. Finally, Northland Securities reaffirmed a “buy” rating and set a $280.00 price objective on shares of ServiceNow in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $93.88.
Shares of QLYS opened at $89.46 on Friday. The company has a market capitalization of $3.50 billion, a PE ratio of 75.18 and a beta of 1.36. Qualys has a 12 month low of $65.93 and a 12 month high of $98.30. The business’s 50-day simple moving average is $87.46.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $75.34 million for the quarter, compared to the consensus estimate of $74.92 million. Qualys had a return on equity of 15.51% and a net margin of 21.23%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. Research analysts predict that Qualys will post 1.34 earnings per share for the current year.
In related news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $87.40, for a total value of $174,800.00. Following the completion of the sale, the vice president now owns 61,972 shares of the company’s stock, valued at $5,416,352.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Pace sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $89.87, for a total transaction of $2,022,075.00. Following the completion of the sale, the director now directly owns 30,243 shares of the company’s stock, valued at approximately $2,717,938.41. The disclosure for this sale can be found here. In the last three months, insiders sold 57,497 shares of company stock valued at $5,060,930. 17.30% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. boosted its stake in Qualys by 51.0% in the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after acquiring an additional 128 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Qualys by 43.9% in the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after acquiring an additional 165 shares during the last quarter. Sontag Advisory LLC bought a new position in Qualys in the fourth quarter valued at approximately $48,000. Acadian Asset Management LLC bought a new position in Qualys in the fourth quarter valued at approximately $62,000. Finally, Optimum Investment Advisors bought a new position in Qualys in the first quarter valued at approximately $83,000. 85.17% of the stock is owned by institutional investors and hedge funds.
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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