Qualys (QLYS) Releases FY18 Earnings Guidance
Qualys (NASDAQ:QLYS) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.39-1.44 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $275.5-278.5 million, compared to the consensus revenue estimate of $267.65 million.Qualys also updated its Q1 guidance to $0.32-0.34 EPS.
Qualys (QLYS) traded up $2.70 on Monday, hitting $62.60. The company had a trading volume of 793,821 shares, compared to its average volume of 214,321. The firm has a market cap of $2,271.38, a PE ratio of 54.45, a P/E/G ratio of 4.80 and a beta of 1.02. Qualys has a 1-year low of $33.75 and a 1-year high of $65.25.
QLYS has been the topic of a number of research reports. BidaskClub cut Qualys from a strong-buy rating to a buy rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Qualys from a hold rating to a buy rating and set a $64.00 price target on the stock in a report on Saturday, November 4th. Summit Redstone upgraded Qualys from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Wednesday, November 1st. Needham & Company LLC initiated coverage on Qualys in a report on Monday, October 23rd. They issued a buy rating and a $65.00 price target on the stock. Finally, Northland Securities set a $48.00 price target on Qualys and gave the stock a buy rating in a report on Wednesday, October 18th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $56.33.
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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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