Qualys (NASDAQ:QLYS) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Qualys (NASDAQ:QLYS) posted its earnings results on Tuesday. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20, Briefing.com reports. The company had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share.

Qualys Price Performance

QLYS stock traded down $11.76 during mid-day trading on Wednesday, reaching $125.34. The company had a trading volume of 1,479,909 shares, compared to its average volume of 456,285. The firm has a 50 day moving average of $140.22 and a 200 day moving average of $157.32. Qualys has a 12 month low of $121.64 and a 12 month high of $206.35. The company has a market capitalization of $4.63 billion, a PE ratio of 29.01 and a beta of 0.49.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QLYS. Wedbush decreased their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research report on Wednesday. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday. Northland Securities restated a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research report on Wednesday. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Qualys presently has an average rating of “Hold” and an average price target of $149.92.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares in the company, valued at approximately $8,658,627.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the firm’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 of the company’s stock, valued at approximately $8,658,627.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendy Pfeiffer sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $145.72, for a total transaction of $291,440.00. Following the completion of the sale, the director now directly owns 8,490 shares of the company’s stock, valued at approximately $1,237,162.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,715 shares of company stock worth $4,142,951. Company insiders own 1.00% of the company’s stock.

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.