These Analysts Cut Their Forecasts On Qualys After Q4 Results

Qualys, Inc. QLYS reported upbeat earnings for its fourth quarter on Thursday.

The company posted quarterly earnings of $1.60 per share which beat the analyst consensus estimate of $1.35 per share. The company reported quarterly sales of $159.191 million which beat the analyst consensus estimate of $156.192 million.

“Customers are starting to leverage the breadth and depth of the Qualys Enterprise TruRisk Platform as they look to rearchitect and transform their security stacks,” said Sumedh Thakar, Qualys’ president and CEO. “Our results this quarter demonstrate the rapid pace of innovation at Qualys and reflect the growing success of newer product initiatives, including Cybersecurity Asset Management, Patch Management, and TotalCloud. With our natively integrated platform and frictionless approach to quantifying, prioritizing, articulating, and remediating cyber risk, we believe we’ll continue to perform well against our competitors, extend our leadership, and provide a runway for long-term sustainable growth.”

Qualus said it sees FY25 adjusted earnings of $5.50 to $5.90 per share, and revenue of $645 million to $657 million.

Qualys shares fell 3.4% to trade at $136.00 on Friday.

These analysts made changes to their price targets on Qualys following earnings announcement.

Scotiabank analyst Patrick Colville maintained Qualys with a Sector Perform and lowered the price target from $150 to $140.
Canaccord Genuity analyst Michael Walkley maintained the stock with a Buy and cut the price target from $170 to $163.

Considering buying QLYS stock? Here’s what analysts think: