Equities research analysts expect Qualys Inc (NASDAQ:QLYS) to report earnings per share of $0.33 for the current quarter, Zacks reports. Seven analysts have made estimates for Qualys’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.32. Qualys posted earnings of $0.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 65%. The business is expected to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Qualys will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.41 to $1.44. For the next financial year, analysts forecast that the firm will report earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Qualys.
Qualys (NASDAQ:QLYS) last released its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $62.90 million during the quarter, compared to the consensus estimate of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS.
A number of analysts have recently weighed in on the company. Needham & Company LLC upped their target price on Qualys from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Wells Fargo set a $62.00 price target on Qualys and gave the stock a “hold” rating in a report on Tuesday, February 13th. Royal Bank of Canada boosted their price target on Qualys to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, February 13th. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price target on shares of Qualys in a report on Tuesday, February 13th. Finally, Morgan Stanley set a $65.00 price target on Qualys and gave the stock a “hold” rating in a report on Tuesday, February 13th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $68.92.
Qualys stock traded down $1.85 during trading hours on Tuesday, hitting $74.45. The stock had a trading volume of 998,579 shares, compared to its average volume of 316,428. The company has a market cap of $2,875.85, a P/E ratio of 56.40, a price-to-earnings-growth ratio of 5.09 and a beta of 0.81. Qualys has a 1 year low of $34.67 and a 1 year high of $79.40.
Qualys declared that its Board of Directors has initiated a share repurchase program on Monday, February 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Qualys news, insider Sumedh S. Thakar sold 2,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $78.44, for a total value of $156,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sumedh S. Thakar sold 9,801 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $58.70, for a total value of $575,318.70. Following the completion of the transaction, the insider now directly owns 192,280 shares of the company’s stock, valued at approximately $11,286,836. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,801 shares of company stock valued at $3,863,839. Insiders own 20.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. increased its holdings in Qualys by 3.8% in the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after purchasing an additional 1,920 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Qualys by 9.9% in the third quarter. Legal & General Group Plc now owns 63,344 shares of the software maker’s stock valued at $3,282,000 after buying an additional 5,680 shares during the period. James Investment Research Inc. acquired a new stake in shares of Qualys in the fourth quarter valued at about $1,769,000. California Public Employees Retirement System acquired a new stake in shares of Qualys in the third quarter valued at about $335,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Qualys by 8.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 140,202 shares of the software maker’s stock valued at $7,263,000 after buying an additional 10,690 shares during the period. 79.50% of the stock is owned by institutional investors and hedge funds.
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Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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