$74.60 Million in Sales Expected for Qualys Inc (QLYS) This Quarter

Analysts expect that Qualys Inc (NASDAQ:QLYS) will announce sales of $74.60 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Qualys’ earnings, with the lowest sales estimate coming in at $74.40 million and the highest estimate coming in at $74.92 million. Qualys reported sales of $62.92 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The business is expected to report its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that Qualys will report full year sales of $278.95 million for the current financial year, with estimates ranging from $278.78 million to $279.00 million. For the next year, analysts expect that the business will report sales of $330.56 million, with estimates ranging from $325.46 million to $334.60 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Qualys.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The business had revenue of $71.70 million during the quarter, compared to the consensus estimate of $71.22 million. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share.

Several brokerages have issued reports on QLYS. BidaskClub raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Robert W. Baird reissued a “neutral” rating on shares of Qualys in a research note on Thursday, October 18th. Morgan Stanley set a $81.00 price objective on shares of Qualys and gave the stock a “hold” rating in a research note on Friday, October 19th. Susquehanna Bancshares raised their price objective on shares of Qualys from $65.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Qualys to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $86.33.

NASDAQ QLYS traded down $0.87 during trading on Wednesday, hitting $75.36. The stock had a trading volume of 482,659 shares, compared to its average volume of 379,260. The company has a market cap of $2.88 billion, a P/E ratio of 83.73 and a beta of 1.13. Qualys has a one year low of $52.32 and a one year high of $98.30.

In related news, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $86.84, for a total value of $130,260.00. Following the completion of the transaction, the chief financial officer now owns 121,330 shares of the company’s stock, valued at $10,536,297.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sumedh S. Thakar sold 12,064 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $88.87, for a total transaction of $1,072,127.68. Following the completion of the transaction, the insider now directly owns 174,916 shares of the company’s stock, valued at approximately $15,544,784.92. The disclosure for this sale can be found here. Insiders have sold 294,641 shares of company stock valued at $25,564,932 in the last ninety days. Insiders own 18.60% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Shaker Investments LLC OH bought a new position in Qualys in the third quarter worth approximately $1,085,000. Arizona State Retirement System raised its stake in Qualys by 2.1% in the third quarter. Arizona State Retirement System now owns 48,652 shares of the software maker’s stock worth $4,335,000 after buying an additional 1,004 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Qualys in the third quarter worth approximately $222,000. Public Employees Retirement Association of Colorado bought a new position in Qualys in the third quarter worth approximately $212,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Qualys by 28.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,489 shares of the software maker’s stock worth $2,092,000 after buying an additional 5,247 shares in the last quarter. 82.13% of the stock is owned by institutional investors.

Qualys Company Profile

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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