Favorable News Coverage Somewhat Unlikely to Impact Qualys (QLYS) Share Price

News headlines about Qualys (NASDAQ:QLYS) have been trending positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Qualys earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 44.8973469216155 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Qualys (QLYS) opened at $74.55 on Friday. The firm has a market cap of $2,960.87, a price-to-earnings ratio of 73.09, a P/E/G ratio of 5.24 and a beta of 0.81. Qualys has a 1-year low of $34.80 and a 1-year high of $79.40.

Qualys (NASDAQ:QLYS) last posted its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. research analysts forecast that Qualys will post 0.86 earnings per share for the current year.

Qualys declared that its board has authorized a stock buyback plan on Monday, February 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Several analysts have recently issued reports on QLYS shares. JPMorgan Chase & Co. cut shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Tuesday, December 12th. Morgan Stanley set a $65.00 price objective on shares of Qualys and gave the company a “hold” rating in a research note on Tuesday, February 13th. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 16th. Finally, Needham & Company LLC boosted their price objective on shares of Qualys from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $68.92.

In related news, insider Sumedh S. Thakar sold 9,801 shares of Qualys stock in a transaction on Friday, February 9th. The shares were sold at an average price of $58.70, for a total transaction of $575,318.70. Following the transaction, the insider now owns 192,280 shares in the company, valued at approximately $11,286,836. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction on Friday, March 9th. The shares were sold at an average price of $78.44, for a total transaction of $156,880.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,801 shares of company stock worth $3,863,839 in the last 90 days. Company insiders own 20.90% 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.

Insider Buying and Selling by Quarter for Qualys (NASDAQ:QLYS)

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