Wall Street analysts expect that Qualys Inc (NASDAQ:QLYS) will announce $63.76 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Qualys’ earnings, with estimates ranging from $63.17 million to $64.00 million. Qualys reported sales of $53.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Qualys will report full year sales of $63.76 million for the current financial year, with estimates ranging from $276.29 million to $278.00 million. For the next year, analysts anticipate that the company will report sales of $324.21 million per share, with estimates ranging from $320.00 million to $329.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Qualys.
Qualys (NASDAQ:QLYS) last posted its earnings results on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.90 million for the quarter, compared to the consensus estimate of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS.
Qualys (NASDAQ:QLYS) opened at $75.20 on Monday. The company has a market cap of $2,904.86, a PE ratio of 56.97, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. Qualys has a 12-month low of $33.75 and a 12-month high of $75.50.
Qualys announced that its board has authorized a share repurchase plan on Monday, February 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other news, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $58.84, for a total value of $117,680.00. Following the sale, the insider now directly owns 186,436 shares in the company, valued at approximately $10,969,894.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald R. Dixon sold 91,479 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total transaction of $5,478,677.31. Following the completion of the sale, the director now owns 114,064 shares in the company, valued at $6,831,292.96. The disclosure for this sale can be found here. Insiders sold a total of 149,280 shares of company stock worth $9,270,956 over the last 90 days. Company insiders own 20.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Qualys in the 4th quarter valued at about $234,000. DF Dent & Co. Inc. bought a new stake in shares of Qualys in the 4th quarter valued at about $7,330,000. MetLife Investment Advisors LLC bought a new stake in shares of Qualys in the 4th quarter valued at about $881,000. Macquarie Group Ltd. boosted its holdings in shares of Qualys by 600.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock valued at $499,000 after buying an additional 7,200 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Qualys in the 4th quarter worth approximately $219,000. Institutional investors and hedge funds own 75.03% 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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