Qualys (NASDAQ:QLYS) announced its earnings results on Monday. The software maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04, Bloomberg Earnings reports. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company had revenue of $62.90 million during the quarter, compared to the consensus estimate of $61.96 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. Qualys updated its Q1 guidance to $0.32-0.34 EPS and its FY18 guidance to $1.39-1.44 EPS.

Shares of Qualys (NASDAQ QLYS) opened at $62.60 on Tuesday. The firm has a market cap of $2,271.38, a P/E ratio of 56.91, a P/E/G ratio of 4.80 and a beta of 1.02. Qualys has a 12 month low of $33.75 and a 12 month high of $65.25.

In related news, Director Donald R. Dixon sold 91,479 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total transaction of $5,478,677.31. Following the completion of the sale, the director now directly owns 114,064 shares of the company’s stock, valued at $6,831,292.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $117,680.00. Following the sale, the insider now directly owns 186,436 shares of the company’s stock, valued at $10,969,894.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,023 shares of company stock valued at $22,284,431. 20.90% of the stock is currently owned by insiders.

A number of brokerages have weighed in on QLYS. Zacks Investment Research downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Qualys in a research note on Wednesday, November 1st. Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Summit Redstone raised shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research note on Friday, October 27th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.33.

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Qualys Company Profile

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.

Earnings History for Qualys (NASDAQ:QLYS)

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