Brokerages Anticipate Qualys Inc (NASDAQ:QLYS) Will Post Earnings of $0.53 Per Share

Analysts predict that Qualys Inc (NASDAQ:QLYS) will announce earnings of $0.53 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Qualys’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.49. Qualys posted earnings per share of $0.49 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Qualys will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $1.95 to $2.07. For the next financial year, analysts expect that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.17 to $2.35. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Qualys.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The firm had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. Qualys had a net margin of 22.45% and a return on equity of 16.53%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Wedbush reaffirmed an “outperform” rating and issued a $102.00 price target (up previously from $95.00) on shares of Qualys in a report on Thursday, May 2nd. Stifel Nicolaus decreased their price target on shares of Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Morgan Stanley set a $91.00 price target on shares of Qualys and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Qualys in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Qualys presently has an average rating of “Hold” and a consensus target price of $95.06.

In related news, CFO Melissa B. Fisher sold 1,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $85.05, for a total value of $127,575.00. Following the completion of the transaction, the chief financial officer now directly owns 150,629 shares in the company, valued at $12,810,996.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey P. Hank sold 1,300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $82.34, for a total transaction of $107,042.00. Following the completion of the transaction, the director now owns 10,114 shares of the company’s stock, valued at $832,786.76. The disclosure for this sale can be found here. Insiders sold 24,445 shares of company stock valued at $2,102,022 over the last quarter. 17.30% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in QLYS. William Blair Investment Management LLC purchased a new position in Qualys in the first quarter worth $59,574,000. Rothschild & Co. Asset Management US Inc. purchased a new stake in Qualys during the second quarter valued at about $24,550,000. Nuveen Asset Management LLC purchased a new stake in Qualys during the second quarter valued at about $16,375,000. Fiera Capital Corp boosted its position in Qualys by 31.4% during the first quarter. Fiera Capital Corp now owns 603,579 shares of the software maker’s stock valued at $49,940,000 after buying an additional 144,394 shares during the period. Finally, Morgan Stanley boosted its position in Qualys by 337.5% during the second quarter. Morgan Stanley now owns 175,292 shares of the software maker’s stock valued at $15,264,000 after buying an additional 135,221 shares during the period. Institutional investors own 86.33% of the company’s stock.

Qualys stock opened at $82.17 on Friday. The stock has a market cap of $3.29 billion, a P/E ratio of 56.70 and a beta of 1.33. Qualys has a fifty-two week low of $65.93 and a fifty-two week high of $97.12. The firm’s fifty day moving average price is $86.40 and its 200-day moving average price is $86.02.

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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