Qualys (NASDAQ:QLYS) Issues Q1 2020 After-Hours Earnings Guidance

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Qualys (NASDAQ:QLYS) updated its first quarter 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.60-0.62 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $85.7-86.4 million, compared to the consensus revenue estimate of $86.19 million.Qualys also updated its FY 2020
After-Hours guidance to 2.57-2.62 EPS.

A number of brokerages recently issued reports on QLYS. Zacks Investment Research lowered shares of Qualys from a strong-buy rating to a hold rating in a research report on Wednesday, January 1st. BidaskClub raised shares of Qualys from a sell rating to a hold rating in a research report on Friday, January 24th. Needham & Company LLC reaffirmed a buy rating and set a $105.00 target price on shares of Qualys in a research report on Thursday, November 21st. Rosenblatt Securities reaffirmed a hold rating and set a $93.00 target price on shares of Qualys in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $90.00 target price on shares of Qualys in a research report on Sunday, February 9th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $95.69.

QLYS traded up $2.36 during trading on Friday, reaching $92.44. 408,136 shares of the company’s stock were exchanged, compared to its average volume of 296,254. Qualys has a fifty-two week low of $72.76 and a fifty-two week high of $95.99. The business has a 50 day moving average price of $85.73 and a 200 day moving average price of $83.11. The company has a market capitalization of $3.49 billion, a P/E ratio of 60.42 and a beta of 1.36.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.23. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The firm had revenue of $84.70 million for the quarter, compared to the consensus estimate of $84.68 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Qualys will post 1.64 earnings per share for the current fiscal year.

In other news, CFO Melissa B. Fisher sold 1,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $85.97, for a total value of $85,970.00. Following the sale, the chief financial officer now owns 185,818 shares in the company, valued at approximately $15,974,773.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Melissa B. Fisher sold 450 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $85.80, for a total transaction of $38,610.00. Following the completion of the sale, the chief financial officer now owns 185,368 shares in the company, valued at approximately $15,904,574.40. The disclosure for this sale can be found here. Insiders sold a total of 28,086 shares of company stock worth $2,407,427 in the last 90 days. 17.30% of the stock is owned by corporate insiders.

About Qualys

Qualys, Inc provides cloud-based 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, Cloud Agent, 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.

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