Wall Street analysts forecast that Qualys Inc (NASDAQ:QLYS) will announce sales of $71.34 million for the current quarter, Zacks reports. Five analysts have provided estimates for Qualys’ earnings. The highest sales estimate is $71.50 million and the lowest is $71.21 million. Qualys posted sales of $59.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.9%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Qualys will report full year sales of $278.73 million for the current financial year, with estimates ranging from $277.71 million to $279.00 million. For the next financial year, analysts expect that the business will post sales of $330.28 million per share, with estimates ranging from $325.46 million to $334.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Qualys.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The firm had revenue of $68.15 million for the quarter, compared to the consensus estimate of $67.13 million.

QLYS has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Qualys to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 1st. Morgan Stanley increased their price objective on shares of Qualys from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. First Analysis upgraded shares of Qualys from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $82.00 to $110.00 in a research note on Thursday, June 14th. BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 20th. Finally, Needham & Company LLC increased their price objective on shares of Qualys from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Qualys presently has a consensus rating of “Buy” and an average target price of $84.93.

Shares of NASDAQ QLYS traded up $0.85 during midday trading on Monday, reaching $90.55. 417,392 shares of the company’s stock traded hands, compared to its average volume of 298,031. Qualys has a one year low of $48.55 and a one year high of $98.30. The company has a market cap of $3.50 billion, a PE ratio of 100.61, a P/E/G ratio of 13.19 and a beta of 1.13.

In related news, CFO Melissa B. Fisher sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $89.02, for a total transaction of $133,530.00. Following the completion of the sale, the chief financial officer now owns 121,330 shares of the company’s stock, valued at $10,800,796.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 12,064 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $88.87, for a total transaction of $1,072,127.68. Following the sale, the insider now directly owns 174,916 shares of the company’s stock, valued at approximately $15,544,784.92. The disclosure for this sale can be found here. Insiders have sold 277,491 shares of company stock valued at $24,076,810 in the last three months. 18.60% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. lifted its position in Qualys by 109.9% during the second quarter. Sit Investment Associates Inc. now owns 19,675 shares of the software maker’s stock valued at $1,659,000 after acquiring an additional 10,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Qualys by 15.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,524 shares of the software maker’s stock valued at $1,562,000 after acquiring an additional 2,500 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Qualys in the second quarter worth $740,000. Principal Financial Group Inc. raised its holdings in shares of Qualys by 4.3% in the first quarter. Principal Financial Group Inc. now owns 267,507 shares of the software maker’s stock worth $19,461,000 after buying an additional 10,924 shares during the last quarter. Finally, American Capital Management Inc. raised its holdings in shares of Qualys by 2.8% in the second quarter. American Capital Management Inc. now owns 219,193 shares of the software maker’s stock worth $18,478,000 after buying an additional 6,030 shares during the last quarter. 82.13% of the stock is owned by institutional investors.

About Qualys

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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