Several brokerages have updated their recommendations and price targets on shares of Qualys (NASDAQ: QLYS) in the last few weeks:

  • 8/9/2017 – Qualys had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $50.00 price target on the stock, up previously from $46.00.
  • 8/3/2017 – Qualys was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/3/2017 – Qualys was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $55.00 price target on the stock, up previously from $40.00.
  • 7/31/2017 – Qualys was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/31/2017 – Qualys had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $45.00 price target on the stock.
  • 7/30/2017 – Qualys was given a new $42.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 7/25/2017 – Qualys was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/22/2017 – Qualys was given a new $48.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 7/21/2017 – Qualys was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/20/2017 – Qualys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. 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. “
  • 7/20/2017 – Qualys had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 7/13/2017 – Qualys was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/10/2017 – Qualys is now covered by analysts at Monness Crespi & Hardt. They set a “neutral” rating on the stock.
  • 7/6/2017 – Qualys was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 7/5/2017 – Qualys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $47.00 price target on the stock. 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. “

Shares of Qualys, Inc. (QLYS) traded up 2.29% during midday trading on Friday, hitting $44.60. The stock had a trading volume of 255,030 shares. The company has a market cap of $1.67 billion, a P/E ratio of 43.64 and a beta of 0.93. The firm has a 50 day moving average of $42.12 and a 200-day moving average of $39.00. Qualys, Inc. has a one year low of $30.08 and a one year high of $47.50.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The business had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. On average, analysts forecast that Qualys, Inc. will post $0.91 earnings per share for the current fiscal year.

In related news, insider Sumedh S. Thakar sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $42.04, for a total value of $75,672.00. Following the completion of the transaction, the insider now owns 138,631 shares of the company’s stock, valued at approximately $5,828,047.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $45.02, for a total transaction of $90,040.00. Following the completion of the transaction, the vice president now directly owns 79,221 shares of the company’s stock, valued at approximately $3,566,529.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,794 shares of company stock worth $1,923,997. 30.20% of the stock is currently owned by company insiders.

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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