Qualys, Inc. (NASDAQ:QLYS):
Qualys Unveils New Add-on to Vulnerability Management to Help Customers Automate Security Configuration Assessment (SCA).
The company is trading down by -2.32 percent from yesterday’s close.
Qualys, Inc., launched on December 30, 1999, is a provider of cloud-based security and compliance solutions. The Business’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. The Company provides its solutions through a software-as-a-service model..
It is trading at $40.00 just below the 50 day moving average which is $41.21 and just above the 200 day moving average of $36.36. The 50 day moving average was down $-0.26 or -0.63% and the 200 day average went up $4.59 or +12.62%.
The company’s P/E ratio is 43.89 and the market value is 1.52B. As of the latest earnings report the EPS was $0.93 and is expected to be $0.85 for the current year with 37,033,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.21 and the next full year EPS is projected to be $1.02.
Short traders are more bullish on shares of Qualys, Inc. lately looking at the downtick in short interest. The stock recorded a fall in short interest of -2.29% as of the latest report on May 31, 2017. Short shares fell from 939,054 to 917,537 over that period. Days to cover increased 0.6 to 2.8 and the percentage of shorted shares was 0.02% on May 31.
Ratings firms have released opinions on the stock of late. Susquehanna added the stock to its research portfolio giving it an initial rating of “Neutral”. On November 4, 2016 the stock rating was set at “Neutral” according to a JP Morgan report a boost from the previous “Underweight” rating.
On October 17 the stock rating was upgraded to “Buy” from “Neutral” with a current price target of $47.00 by analysts at DA Davidson. Wunderlich raised the price target and upgraded the stock on September 13 boosting the price target from $26.00 to $43.00 and raising the rating from “Hold” to “Buy”.
On September 13 the company was upgraded from “Hold” to “Buy” and a price target of $43.00 was set in an announcement from Wunderlich. Equity analyst Summit Redstone Partners issued its first research report on the stock by announcing an initial rating of “Hold” and projecting a price target of $30.00.