Analysts Anticipate Qualys Inc (NASDAQ:QLYS) Will Post Quarterly Sales of $78.50 Million

Analysts expect Qualys Inc (NASDAQ:QLYS) to announce sales of $78.50 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Qualys’ earnings, with the lowest sales estimate coming in at $78.38 million and the highest estimate coming in at $78.70 million. Qualys posted sales of $68.15 million in the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 31st.

On average, analysts expect that Qualys will report full year sales of $321.86 million for the current financial year, with estimates ranging from $321.46 million to $322.50 million. For the next year, analysts forecast that the firm will post sales of $373.28 million, with estimates ranging from $368.00 million to $377.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Qualys.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $75.34 million for the quarter, compared to the consensus estimate of $74.92 million. Qualys had a return on equity of 15.51% and a net margin of 21.23%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share.

Several equities research analysts have recently weighed in on QLYS shares. Wedbush reissued a “buy” rating on shares of Liquidia Technologies in a research note on Thursday, May 2nd. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. JMP Securities raised their price objective on Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 2nd. Nomura raised their price objective on Square from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Royal Bank of Canada set a $42.00 price objective on Devon Energy and gave the stock a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $93.88.

In related news, CFO Melissa B. Fisher sold 1,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $89.91, for a total transaction of $134,865.00. Following the completion of the sale, the chief financial officer now directly owns 150,629 shares in the company, valued at $13,543,053.39. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $87.40, for a total value of $174,800.00. Following the sale, the vice president now owns 61,972 shares of the company’s stock, valued at $5,416,352.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,497 shares of company stock valued at $5,060,930. 17.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Princeton Capital Management LLC raised its holdings in shares of Qualys by 1.6% during the first quarter. Princeton Capital Management LLC now owns 7,470 shares of the software maker’s stock worth $618,000 after acquiring an additional 120 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Qualys by 0.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,989 shares of the software maker’s stock valued at $1,737,000 after buying an additional 126 shares in the last quarter. FTB Advisors Inc. raised its holdings in Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after buying an additional 128 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Qualys by 0.6% during the fourth quarter. Advisors Asset Management Inc. now owns 24,772 shares of the software maker’s stock valued at $1,851,000 after buying an additional 152 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

Shares of QLYS traded up $0.76 during trading hours on Friday, hitting $89.46. 396,009 shares of the company were exchanged, compared to its average volume of 283,180. The company has a market capitalization of $3.50 billion, a P/E ratio of 75.18 and a beta of 1.36. The business’s fifty day moving average is $87.46. Qualys has a one year low of $65.93 and a one year high of $98.30.

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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