Wall Street analysts forecast that Qualys, Inc. (NASDAQ:QLYS) will report $94.60 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Qualys’ earnings. The highest sales estimate is $95.10 million and the lowest is $94.40 million. Qualys posted sales of $84.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 10th.

According to Zacks, analysts expect that Qualys will report full year sales of $362.78 million for the current year, with estimates ranging from $362.60 million to $363.20 million. For the next financial year, analysts forecast that the business will report sales of $409.00 million, with estimates ranging from $396.00 million to $414.27 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Qualys.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, November 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.28. The firm had revenue of $93.07 million during the quarter, compared to the consensus estimate of $91.97 million. Qualys had a return on equity of 20.93% and a net margin of 24.78%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS.

A number of brokerages have issued reports on QLYS. Northland Securities downgraded Qualys from an “outperform” rating to a “market perform” rating and set a $120.00 price objective for the company. in a research note on Wednesday, December 23rd. The Goldman Sachs Group downgraded Qualys from a “neutral” rating to a “sell” rating and cut their price target for the stock from $116.00 to $99.00 in a research note on Thursday, October 22nd. Morgan Stanley increased their price target on Qualys from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, January 8th. BidaskClub upgraded Qualys from a “sell” rating to a “hold” rating in a research note on Tuesday, December 15th. Finally, Zacks Investment Research downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Qualys presently has a consensus rating of “Hold” and an average target price of $112.43.

NASDAQ:QLYS traded down $4.66 during trading on Wednesday, reaching $116.89. The company’s stock had a trading volume of 414,310 shares, compared to its average volume of 386,486. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 56.47 and a beta of 0.85. The firm has a 50 day moving average of $108.97 and a 200-day moving average of $103.89. Qualys has a 12 month low of $63.37 and a 12 month high of $126.30.

In other Qualys news, CEO Philippe F. Courtot sold 43,257 shares of the firm’s stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $90.94, for a total value of $3,933,791.58. Following the sale, the chief executive officer now owns 5,282,127 shares of the company’s stock, valued at approximately $480,356,629.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philippe F. Courtot sold 143,358 shares of the firm’s stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $90.58, for a total value of $12,985,367.64. Following the completion of the sale, the chief executive officer now directly owns 5,268,774 shares in the company, valued at approximately $477,245,548.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,919 shares of company stock valued at $21,102,512. 16.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in QLYS. BlackRock Inc. raised its holdings in shares of Qualys by 6.5% in the 3rd quarter. BlackRock Inc. now owns 4,717,253 shares of the software maker’s stock valued at $462,337,000 after acquiring an additional 289,897 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Qualys by 36.2% in the 3rd quarter. First Trust Advisors LP now owns 645,457 shares of the software maker’s stock valued at $63,261,000 after acquiring an additional 171,587 shares in the last quarter. FMR LLC raised its holdings in shares of Qualys by 24,522.4% during the 2nd quarter. FMR LLC now owns 146,257 shares of the software maker’s stock valued at $15,214,000 after buying an additional 145,663 shares in the last quarter. Randolph Co Inc purchased a new position in shares of Qualys during the 3rd quarter valued at about $6,246,000. Finally, AQR Capital Management LLC raised its holdings in shares of Qualys by 224.5% during the 3rd quarter. AQR Capital Management LLC now owns 89,574 shares of the software maker’s stock valued at $8,779,000 after buying an additional 61,968 shares in the last quarter. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Company Profile

Qualys, Inc provides cloud-based platform that delivers information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Patch Management, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall, as well as Cloud Inventory, Cloud Security Assessment, and Container Security.

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