Qualys (NASDAQ:QLYS) Releases FY 2024 Earnings Guidance

Qualys (NASDAQ:QLYS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.460-5.620 for the period, compared to the consensus EPS estimate of 5.260. The company issued revenue guidance of $597.5 million-$601.5 million, compared to the consensus revenue estimate of $605.6 million. Qualys also updated its FY24 guidance to $5.46 to $5.62 EPS.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded up $4.07 during midday trading on Tuesday, hitting $137.10. 782,694 shares of the stock were exchanged, compared to its average volume of 379,207. The company has a market capitalization of $5.06 billion, a PE ratio of 31.74 and a beta of 0.49. Qualys has a 52-week low of $131.00 and a 52-week high of $206.35. The business’s fifty day simple moving average is $140.53 and its two-hundred day simple moving average is $157.54.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The company had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. As a group, equities analysts anticipate that Qualys will post 3.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on QLYS. Robert W. Baird cut their price objective on shares of Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC restated a hold rating on shares of Qualys in a research note on Monday, May 13th. StockNews.com lowered shares of Qualys from a buy rating to a hold rating in a research note on Saturday. Westpark Capital reissued a hold rating on shares of Qualys in a research report on Monday. Finally, Truist Financial reduced their price target on Qualys from $175.00 to $165.00 and set a hold rating for the company in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $167.09.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $145.24, for a total value of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at approximately $8,658,627.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now owns 59,616 shares in the company, valued at approximately $8,658,627.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the transaction, the insider now directly owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,099 shares of company stock valued at $4,060,450. 1.00% of the stock is owned by insiders.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.