Qualys (NASDAQ:QLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday, February 16th. The firm currently has a $78.00 target price on the software maker’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 1.17% from the stock’s previous close.
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. “
Other analysts have also issued research reports about the company. Northland Securities set a $70.00 target price on Qualys and gave the company a “buy” rating in a report on Tuesday, February 13th. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Summit Redstone upgraded Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $62.00 target price on Qualys and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.92.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The firm had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. Qualys’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. equities analysts anticipate that Qualys will post 0.86 earnings per share for the current fiscal year.
Qualys declared that its board has initiated a share buyback plan on Monday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Qualys news, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $60.65, for a total transaction of $121,300.00. Following the sale, the vice president now owns 66,644 shares of the company’s stock, valued at approximately $4,041,958.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristi Marie Rogers sold 10,000 shares of Qualys stock in a transaction on Friday, February 16th. The shares were sold at an average price of $71.87, for a total value of $718,700.00. Following the sale, the director now directly owns 21,155 shares in the company, valued at approximately $1,520,409.85. The disclosure for this sale can be found here. Insiders have sold a total of 57,801 shares of company stock valued at $3,863,839 in the last 90 days. Insiders own 20.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of QLYS. Advisors Asset Management Inc. bought a new stake in shares of Qualys in the 3rd quarter worth $101,000. Ameritas Investment Partners Inc. grew its holdings in shares of Qualys by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after acquiring an additional 408 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Qualys in the 4th quarter worth $118,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Qualys by 125.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,516 shares of the software maker’s stock worth $150,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Qualys in the 4th quarter worth $154,000. 79.50% of the stock is currently owned by institutional investors.
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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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