Zacks: Brokerages Anticipate Qualys, Inc. (QLYS) Will Announce Quarterly Sales of $58.60 Million
Brokerages expect Qualys, Inc. (NASDAQ:QLYS) to post sales of $58.60 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Qualys’ earnings. The lowest sales estimate is $58.40 million and the highest is $58.80 million. Qualys reported sales of $50.99 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The firm is scheduled to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Qualys will report full-year sales of $58.60 million for the current year, with estimates ranging from $227.49 million to $228.28 million. For the next year, analysts expect that the company will post sales of $264.33 million per share, with estimates ranging from $258.08 million to $270.30 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Qualys.
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 Zacks’ consensus estimate of $0.10 by $0.08. The business had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. Qualys’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share.
A number of research analysts have recently issued reports on QLYS shares. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research note on Saturday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 target price (up from $45.00) on shares of Qualys in a research report on Thursday, July 20th. Susquehanna Bancshares Inc initiated coverage on Qualys in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 target price for the company. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Imperial Capital boosted their target price on Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.25.
In other Qualys news, VP Bruce K. Posey sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $46.32, for a total transaction of $509,520.00. Following the completion of the sale, the vice president now directly owns 34,495 shares of the company’s stock, valued at approximately $1,597,808.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sumedh S. Thakar sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $42.04, for a total value of $75,672.00. Following the sale, the insider now directly owns 138,631 shares of the company’s stock, valued at $5,828,047.24. The disclosure for this sale can be found here. Insiders have sold a total of 42,794 shares of company stock valued at $1,923,997 over the last three months. Corporate insiders own 30.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC raised its stake in shares of Qualys by 1.6% in the first quarter. Flinton Capital Management LLC now owns 8,160 shares of the software maker’s stock worth $309,000 after buying an additional 128 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock worth $123,000 after buying an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Qualys by 2.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock worth $251,000 after buying an additional 170 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Qualys by 1.6% in the first quarter. Meadow Creek Investment Management LLC now owns 11,220 shares of the software maker’s stock worth $425,000 after buying an additional 176 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC raised its stake in shares of Qualys by 2.0% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 10,146 shares of the software maker’s stock worth $385,000 after buying an additional 200 shares in the last quarter. 75.29% of the stock is owned by hedge funds and other institutional investors.
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Qualys (NASDAQ QLYS) opened at 43.60 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 42.66 and a beta of 0.93. Qualys has a 12-month low of $30.08 and a 12-month high of $47.50. The company’s 50 day moving average price is $42.12 and its 200-day moving average price is $39.00.
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.
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