Analysts Expect Qualys, Inc. (NASDAQ:QLYS) to Post $0.70 Earnings Per Share

Analysts predict that Qualys, Inc. (NASDAQ:QLYSGet Rating) will announce earnings per share (EPS) of $0.70 for the current quarter, according to Zacks. Six analysts have made estimates for Qualys’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.75. Qualys posted earnings per share of $0.79 during the same quarter last year, which indicates a negative year-over-year growth rate of 11.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Qualys will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $3.00. For the next fiscal year, analysts expect that the company will report earnings of $3.50 per share, with EPS estimates ranging from $3.32 to $3.74. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Qualys.

Qualys (NASDAQ:QLYSGet Rating) last released its earnings results on Wednesday, May 4th. The software maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $113.40 million for the quarter, compared to analyst estimates of $112.98 million. Qualys had a return on equity of 22.91% and a net margin of 22.47%. Qualys’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share.

A number of brokerages have commented on QLYS. StockNews.com assumed coverage on shares of Qualys in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Wolfe Research assumed coverage on Qualys in a research report on Monday, April 11th. They set an “outperform” rating and a $162.00 price target on the stock. Wedbush raised their price objective on Qualys from $146.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, Zacks Investment Research raised Qualys from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Qualys currently has an average rating of “Hold” and a consensus target price of $130.33.

NASDAQ:QLYS opened at $119.32 on Monday. The stock has a market capitalization of $4.64 billion, a PE ratio of 49.31 and a beta of 0.76. Qualys has a 1-year low of $95.00 and a 1-year high of $150.10. The firm has a fifty day simple moving average of $136.45 and a 200 day simple moving average of $131.67.

In related news, insider Bruce K. Posey sold 9,500 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $113.50, for a total transaction of $1,078,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 1,500 shares of the firm’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the transaction, the chief executive officer now owns 180,978 shares in the company, valued at approximately $27,146,700. The disclosure for this sale can be found here. In the last three months, insiders sold 39,693 shares of company stock valued at $5,373,624. 15.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its stake in Qualys by 17.7% in the first quarter. Los Angeles Capital Management LLC now owns 15,255 shares of the software maker’s stock valued at $2,172,000 after acquiring an additional 2,298 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Qualys by 57.9% in the 1st quarter. National Bank of Canada FI now owns 1,829 shares of the software maker’s stock valued at $260,000 after purchasing an additional 671 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Qualys by 1.1% during the 1st quarter. New York State Common Retirement Fund now owns 29,874 shares of the software maker’s stock worth $4,254,000 after buying an additional 323 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Qualys by 21.0% during the 1st quarter. Russell Investments Group Ltd. now owns 195,267 shares of the software maker’s stock worth $27,806,000 after buying an additional 33,885 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in Qualys by 10.4% in the first quarter. Advisor Group Holdings Inc. now owns 6,183 shares of the software maker’s stock valued at $5,597,000 after buying an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Qualys Company Profile (Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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