Brokerages expect Qualys Inc (NASDAQ:QLYS) to announce sales of $78.50 million for the current fiscal quarter, according to Zacks. 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 would indicate a positive year over year growth rate of 15.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 31st.
According to Zacks, 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 fiscal year, analysts expect that the business will report sales of $373.28 million, with estimates ranging from $368.00 million to $377.90 million. Zacks’ sales averages are an average based on a survey of research firms that cover Qualys.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analysts’ expectations of $74.92 million. During the same period last year, the company posted $0.36 EPS. Qualys’s revenue for the quarter was up 16.1% on a year-over-year basis.
A number of equities research analysts have recently issued reports on QLYS shares. JMP Securities upped their price objective on shares of Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, May 2nd. Northland Securities reaffirmed a “buy” rating and issued a $280.00 price objective on shares of ServiceNow in a research note on Thursday, May 2nd. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Nomura upped their price objective on shares of Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.88.
In other news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $87.40, for a total value of $174,800.00. Following the completion of the sale, the vice president now directly owns 61,972 shares of the company’s stock, valued at approximately $5,416,352.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $13,543,053.39. The disclosure for this sale can be found here. Insiders have sold a total of 57,497 shares of company stock valued at $5,060,930 in the last three months. 17.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of Qualys by 129.9% in the 4th quarter. Amalgamated Bank now owns 5,317 shares of the software maker’s stock worth $397,000 after purchasing an additional 3,004 shares during the period. New York State Teachers Retirement System lifted its position in shares of Qualys by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 25,985 shares of the software maker’s stock worth $2,150,000 after purchasing an additional 243 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Qualys by 94.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,887 shares of the software maker’s stock worth $653,000 after purchasing an additional 3,821 shares during the period. Brinker Capital Inc. lifted its position in shares of Qualys by 74.1% in the 1st quarter. Brinker Capital Inc. now owns 16,135 shares of the software maker’s stock worth $1,335,000 after purchasing an additional 6,867 shares during the period. Finally, Cornerstone Advisors Inc. lifted its position in shares of Qualys by 43.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after purchasing an additional 165 shares during the period. 85.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Qualys stock traded up $0.76 during trading on Friday, reaching $89.46. The company’s stock had a trading volume of 396,009 shares, compared to its average volume of 283,180. Qualys has a 52-week low of $65.93 and a 52-week high of $98.30. The company has a market cap of $3.50 billion, a P/E ratio of 75.18 and a beta of 1.36. The firm has a 50-day simple moving average of $87.46.
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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