Qualys, Inc. (NASDAQ:QLYS):
Qualys Expands Its Cloud Platform to Discover, Track, and Continuously Secure Containers.
The company is now unchanged by 0.00% since yesterday’s close of $40.95.
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..
Shares are trading at $40.95 which is marginally under the 50 day moving average of $41.21 and which is just over the 200 day moving average of $36.36. The 50 day moving average went down by -0.63% and the 200 day average went up by +12.62%.
Qualys, Inc.’s P/E ratio is 43.89 and the market cap is 1.52B. As of the last earnings report the EPS was $0.93 and is expected to be $0.85 for the current year with 37,033,000 shares presently outstanding. Next quarter’s EPS is expected be $0.21 with next year’s EPS projected to be $1.02.
Investors are feeling more bullish recently at least if you consider the fall in short interest. The stock experienced a fall in short interest of -2.29% between May 15, 2017 and May 31, 2017. Short shares decreased from 939,054 to 917,537 over that timeframe. Days to cover increased from 2.1 to 2.8 and the percentage of shorted shares is 0.02% as of May 31.
Brokerage analysts have weighed in on QLYS recently. Susquehanna started covering the stock setting a rating of “Neutral”. On November 4 the company was upgraded from “Underweight” to “Neutral” in a report from JP Morgan.
On October 17 the stock rating was upgraded to “Buy” from “Neutral” and a price target of $47.00 was set in an announcement from DA Davidson. Wunderlich both upgraded the stock and raised the price target on September 13 boosting the price target from $26.00 to $43.00 and changing the rating from “Hold” to “Buy”.
On September 13 the stock rating was upgraded from “Hold” to “Buy” with a current price target of $43.00 by analysts at Wunderlich. Equity analyst Summit Redstone Partners began coverage of QLYS giving it an initial rating of “Hold” and price target of $30.00.