First Analysis Weighs in on Qualys Inc’s FY2021 Earnings (NASDAQ:QLYS)

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Qualys Inc (NASDAQ:QLYS) – First Analysis issued their FY2021 earnings estimates for shares of Qualys in a report released on Wednesday, February 12th. First Analysis analyst H. Smith anticipates that the software maker will post earnings of $2.98 per share for the year.

Several other analysts also recently weighed in on QLYS. Needham & Company LLC reiterated a “buy” rating and set a $105.00 price target on shares of Qualys in a research note on Thursday, November 21st. Rosenblatt Securities reiterated a “hold” rating and set a $93.00 price target on shares of Qualys in a research note on Thursday. Robert W. Baird boosted their price target on Qualys from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada reiterated a “hold” rating and set a $90.00 price target on shares of Qualys in a research note on Sunday, February 9th. Finally, ValuEngine downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $95.69.

Qualys stock traded up $2.29 during trading hours on Friday, hitting $92.37. 8,195 shares of the stock traded hands, compared to its average volume of 292,033. The firm’s 50 day moving average price is $85.73 and its 200-day moving average price is $83.11. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 60.66 and a beta of 1.36. Qualys has a 1 year low of $72.76 and a 1 year high of $95.99.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.23. The business had revenue of $84.70 million for the quarter, compared to the consensus estimate of $84.68 million. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLYS. FMR LLC raised its holdings in Qualys by 42.0% in the 4th quarter. FMR LLC now owns 544 shares of the software maker’s stock worth $46,000 after purchasing an additional 161 shares during the period. First Quadrant L P CA acquired a new position in Qualys in the 4th quarter worth about $53,000. Huntington National Bank raised its holdings in Qualys by 223.8% in the 4th quarter. Huntington National Bank now owns 842 shares of the software maker’s stock worth $70,000 after purchasing an additional 582 shares during the period. SRS Capital Advisors Inc. raised its holdings in Qualys by 57.5% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,041 shares of the software maker’s stock worth $79,000 after purchasing an additional 380 shares during the period. Finally, Squar Milner Financial Services LLC raised its holdings in Qualys by 236.4% in the 4th quarter. Squar Milner Financial Services LLC now owns 999 shares of the software maker’s stock worth $83,000 after purchasing an additional 702 shares during the period. 86.85% of the stock is owned by institutional investors.

In related news, CFO Melissa B. Fisher sold 450 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $85.80, for a total value of $38,610.00. Following the completion of the transaction, the chief financial officer now owns 185,368 shares of the company’s stock, valued at approximately $15,904,574.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $83.86, for a total value of $83,860.00. Following the completion of the transaction, the vice president now directly owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The disclosure for this sale can be found here. In the last three months, insiders sold 28,086 shares of company stock valued at $2,407,427. Insiders own 17.30% of the company’s stock.

About Qualys

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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