Qualys (NASDAQ:QLYS) Stock Rating Upgraded by Zacks Investment Research

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Qualys (NASDAQ:QLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reports. The brokerage presently has a $99.00 target price on the software maker’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.66% from the company’s previous close.

According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “

QLYS has been the topic of several other reports. Cowen lowered their price target on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. ValuEngine lowered shares of USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Royal Bank of Canada set a $42.00 price target on shares of Devon Energy and gave the company a “hold” rating in a research note on Thursday, May 2nd. Summit Redstone lowered shares of Qualys to a “hold” rating and set a $85.00 price target on the stock. in a research note on Monday, March 18th. Finally, Summit Insights lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $93.88.

Shares of QLYS stock opened at $89.46 on Friday. Qualys has a 1 year low of $65.93 and a 1 year high of $98.30. The company has a fifty day simple moving average of $87.46. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 75.18 and a beta of 1.36.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analyst estimates of $74.92 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts predict that Qualys will post 1.34 earnings per share for the current year.

In other news, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $89.91, for a total transaction of $134,865.00. Following the transaction, the chief financial officer now directly owns 150,629 shares in the company, valued at approximately $13,543,053.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce K. Posey sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $87.40, for a total transaction of $174,800.00. Following the transaction, the vice president now owns 61,972 shares in the company, valued at $5,416,352.80. The disclosure for this sale can be found here. Insiders have sold a total of 57,497 shares of company stock worth $5,060,930 over the last 90 days. 17.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. increased its stake in shares of Qualys by 51.0% during the 1st quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Qualys by 43.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after buying an additional 165 shares during the last quarter. Sontag Advisory LLC acquired a new position in Qualys in the 4th quarter valued at about $48,000. Acadian Asset Management LLC acquired a new position in Qualys in the 4th quarter valued at about $62,000. Finally, Optimum Investment Advisors acquired a new position in Qualys in the 1st quarter valued at about $83,000. Institutional investors own 85.17% of the company’s stock.

Qualys Company Profile

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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