Qualys, Inc. (QLYS) Scheduled to Post Earnings on Wednesday
Qualys, Inc. (NASDAQ:QLYS) will be posting its Q3 2017 quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Qualys to post earnings of $0.21 per share for the quarter. Qualys has set its Q3 guidance at $0.21-0.23 EPS and its FY17 guidance at $0.87-0.91 EPS.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm had revenue of $55.30 million for the quarter, compared to the consensus estimate of $54.87 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts expect Qualys to post $0.90 EPS for the current fiscal year and $1.04 EPS for the next fiscal year.
Qualys, Inc. (NASDAQ QLYS) opened at 52.15 on Tuesday. The firm has a market cap of $1.96 billion, a P/E ratio of 51.03 and a beta of 0.90. Qualys, Inc. has a 12-month low of $30.60 and a 12-month high of $54.15. The firm’s 50-day moving average price is $51.81 and its 200 day moving average price is $44.79.
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In other news, insider Sumedh S. Thakar sold 7,694 shares of Qualys stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.31, for a total transaction of $356,309.14. Following the transaction, the insider now owns 128,756 shares in the company, valued at $5,962,690.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction on Monday, October 9th. The stock was sold at an average price of $53.00, for a total transaction of $106,000.00. Following the transaction, the insider now owns 124,051 shares in the company, valued at approximately $6,574,703. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,908 shares of company stock worth $3,231,668. 30.20% of the stock is owned by company insiders.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $50.00 target price (up previously from $45.00) on shares of Qualys in a research report on Thursday, July 20th. BidaskClub lowered shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Imperial Capital restated an “outperform” rating and issued a $50.00 target price (up previously from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co upgraded shares of Qualys from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $55.00 in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.17.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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