Equities analysts expect that Qualys Inc (NASDAQ:QLYS) will report $0.33 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Qualys’ earnings, with estimates ranging from $0.32 to $0.34. Qualys reported earnings of $0.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 65%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
On average, 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 year, analysts expect that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.83. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Qualys.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) 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 analyst estimates of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS.
A number of equities analysts have issued reports on the company. Northland Securities set a $70.00 price target on Qualys and gave the company a “buy” rating in a research note on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Qualys in a research note on Tuesday, March 6th. First Analysis reaffirmed a “weight” rating and set a $80.00 price target (up from $70.00) on shares of Qualys in a research note on Friday, February 23rd. Royal Bank of Canada increased their price target on Qualys to $65.00 and gave the company a “market perform” rating in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 price target on shares of Qualys in a research note on Tuesday, February 13th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Qualys currently has a consensus rating of “Buy” and a consensus price target of $68.92.
Shares of Qualys stock traded up $1.85 during midday trading on Tuesday, reaching $76.65. The company’s stock had a trading volume of 390,979 shares, compared to its average volume of 300,637. The company has a market cap of $2,875.89, a price-to-earnings ratio of 75.15, a P/E/G ratio of 5.09 and a beta of 0.81. Qualys has a 52-week low of $34.67 and a 52-week high of $79.40.
Qualys announced that its board has authorized a stock repurchase program on Monday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $63.39, for a total transaction of $126,780.00. Following the completion of the sale, the insider now directly owns 198,340 shares of the company’s stock, valued at approximately $12,572,772.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bruce K. Posey sold 28,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $67.51, for a total value of $1,890,280.00. Following the sale, the vice president now directly owns 60,997 shares of the company’s stock, valued at $4,117,907.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,801 shares of company stock valued at $3,863,839. Corporate insiders own 20.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at $234,000. DF Dent & Co. Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at $7,330,000. MetLife Investment Advisors LLC purchased a new stake in shares of Qualys in the fourth quarter valued at $881,000. Macquarie Group Ltd. lifted its holdings in shares of Qualys by 600.0% in the fourth quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock valued at $499,000 after purchasing an additional 7,200 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Qualys in the fourth quarter valued at $219,000. Institutional investors own 79.47% of the company’s stock.
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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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