Qualys (QLYS) Shares Up 0% on Analyst Upgrade
Qualys Inc (NASDAQ:QLYS) shot up 0% on Wednesday after Royal Bank of Canada raised their price target on the stock to $65.00. Royal Bank of Canada currently has a market perform rating on the stock. Qualys traded as high as $67.95 and last traded at $67.30. 892,900 shares changed hands during trading, an increase of 276% from the average session volume of 237,232 shares. The stock had previously closed at $67.30.
A number of other research firms have also recently commented on QLYS. Wells Fargo & Co set a $62.00 price target on Qualys and gave the company a “hold” rating in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price target on shares of Qualys in a research note on Tuesday. Northland Securities set a $70.00 price target on Qualys and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Qualys from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley set a $65.00 price target on Qualys and gave the company a “hold” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Qualys presently has an average rating of “Hold” and a consensus target price of $62.83.
In other news, CEO Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $61.54, for a total value of $1,230,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,564,435 shares in the company, valued at $342,435,329.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $58.40, for a total value of $116,800.00. Following the completion of the transaction, the vice president now owns 66,644 shares of the company’s stock, valued at $3,892,009.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,023 shares of company stock valued at $22,284,431. Company insiders own 20.90% of the company’s stock.
The company has a market cap of $2,373.76, a price-to-earnings ratio of 65.98, a P/E/G ratio of 5.02 and a beta of 1.02.
Qualys (NASDAQ:QLYS) last posted its earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Qualys had a return on equity of 17.20% and a net margin of 17.52%. The firm had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. During the same period last year, the company earned $0.23 earnings per share. Qualys’s revenue for the quarter was up 20.5% compared to the same quarter last year. research analysts expect that Qualys Inc will post 0.73 earnings per share for the current fiscal year.
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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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