Qualys (QLYS) Issues FY 2019 Earnings Guidance

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Qualys (NASDAQ:QLYS) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.89-1.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.87. The company issued revenue guidance of $320.5-323 million, compared to the consensus revenue estimate of $321.75 million.Qualys also updated its FY19 guidance to $1.89-$1.94 EPS.

NASDAQ QLYS traded down $0.07 during trading hours on Friday, reaching $91.70. 837,204 shares of the company were exchanged, compared to its average volume of 390,726. Qualys has a 1 year low of $65.93 and a 1 year high of $98.30. The company has a market capitalization of $3.64 billion, a PE ratio of 77.06 and a beta of 1.59.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a return on equity of 14.35% and a net margin of 20.55%. The company had revenue of $75.34 million for the quarter, compared to analysts’ expectations of $74.92 million. During the same quarter last year, the business posted $0.36 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, research analysts predict that Qualys will post 1.25 earnings per share for the current fiscal year.

A number of analysts recently issued reports on QLYS shares. Zacks Investment Research downgraded shares of Qualys from a buy rating to a hold rating in a report on Tuesday, January 29th. BidaskClub downgraded shares of Qualys from a buy rating to a hold rating in a report on Friday, January 4th. BTIG Research downgraded shares of Qualys from a buy rating to a neutral rating in a report on Wednesday, February 13th. Morgan Stanley set a $91.00 price objective on shares of Qualys and gave the stock a hold rating in a report on Thursday. Finally, Berenberg Bank downgraded shares of Qualys from a buy rating to a hold rating and decreased their price objective for the stock from $96.00 to $82.00 in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $92.18.

In other Qualys news, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $81.01, for a total transaction of $162,020.00. Following the completion of the transaction, the vice president now owns 63,578 shares in the company, valued at $5,150,453.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 4,304 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $94.61, for a total transaction of $407,201.44. Following the transaction, the insider now owns 206,299 shares of the company’s stock, valued at approximately $19,517,948.39. The disclosure for this sale can be found here. Insiders have sold 34,663 shares of company stock valued at $3,083,506 in the last quarter. Company insiders own 18.60% of the company’s stock.

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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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